On 15th May CarLive Chain, the Singapore-based IOV-Block Chain which claims to “revolutionize Internet unicorns”, broke the news that a social-rewarding car mining field APP was officially launched. According to reports, by using AYocar APP as traffic portal it has attracted almost ten thousand people to engage in mining within 6 hours of its launching. CarLive Chain is becoming the world’s first tens of millions users project.
Closely following typical blockchain applications in physical Internet projects by Alibaba, Huawei, etc. CarLive Chain has become the demonstration project worldwide that integrates blockchain technology into real economy and has great potential in application scenes. YUTU boasts nearly 70 million users as well as a relatively large group of web celebrities. Commended as “the community for middle class of prime spending power” by the government of Canada, YUTU is one of the biggest social application platforms for car users worldwide.
According to test data by CarLive, 80% of YUTU users actively engaged in the blockchain project, which means that CarLive Chain community will see more than 40 million members in the mid-and-long term and this will make Carlive Chain become one of the top 10 largest blockchain projects in scale worldwide.
Jack Ma, chairman of Alibaba Group has mentioned recently that “blockchain is not a bubble”. CarLive Chain’s slogan “revolutionizing Internet unicorn in automotive industry” was raised by the former Alibaba Executive Ansel Qi, who is also the founder of YUTU. Centralized Internet platforms have occupied most of users’ social behavior data, and such date has become the platforms’ private equity, which in turn helped create many unicorn companies in varies industries. The blockchain technology can provide users with fair and transparent environment of application, encourage users to manage behavior date via distributed bookkeeping and create value in date equity for the automotive ecosystem.
According to statistics, automotive Internet platforms gain market value over 600 billion dollars and the Internet active car user contributed 6000 dollars to them on average every year. By conservative estimation, CarLive Chain will become the world’s biggest IOV-Block Chain project in the short term as its market value will exceed 6 billion US dollars with one million users.
It is learned that Dr. Shipeng Li, former deputy dean and chief researcher of Microsoft Asian Research Institute, together with professor Geng XIAO, world-famous economist, former Advisor to Chairman at SFC and Chuan Wang, seasoned investor from Silicon Valley and Dr. Huadong Pang, former Vice President in Operations at JP Morgan among other professionals have joined the IOV-Block Chain project.
CarLive Chain has dismantled date and information monopoly by unicorn companies in the auto industry and will lead in the all-round reform in both upstream and downstream industries in auto ecosystem. According to statistics, there are more than 1.3 billion cars worldwide, automotive industry has become the world’s largest consumer industry. It is a sunrise industry with unlimited prospect and great potential for investment.
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