|Industry:||Auto Industry / Service|
|ICO Timeframe:||12/18/17 – 02/01/18|
|Token Supply:||1,000,000,000 UST (60% Crowdsale)|
Uservice is an Ethereum blockchain platform project where a smart contract system will be used not only for processing requests for auto service and maintenance but also for storing the history of every car on a single blockchain for further optimization by industry players (auto insurers, manufacturers, dealers). Uservice will be the second generation blockchain adaptation of the Company’s current platform, Uremont.com. Leveraging blockchain technology, Uservice will be able to register any deal or operation in its ecosystem within seconds. Within 3 minutes, users will be able to choose, approve and pay for repair shop, insurance company services worldwide. By saving the history of all operations, Uservice aspires to be the largest information aggregator in the industry.
PROS: Uservice team has already had success with Uremont.com rating platform, institutional investors, IT spending in the auto-industry is projected to be extremely high-growth in the coming years, addresses the needs of one of the world’s largest industries, leverages the blockchain to ensure veracity of data which is frequently fraudulent in the auto-industry (origin on parts, user reviews, etc.).
CONS: A comprehensive blockchain-based data aggregator serving the auto-industry is not a new idea (see Carblox), token-holders will fund 60% of the project but will only be entitled to 20% ownership if company executes a traditional IPO.