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GUAYNABO, Puerto Rico – (FILO D & # 39; BUSINESS) – The Dealer Market Exchange is introducing a new approach on how dealers, cars
producers, sellers and consumers could soon do business together –
on blockchain. The powerful technology behind cryptocurrencies is
already flexing its muscles with new services from Microsoft, IBM and
Amazon and DMX entered the ring with a little muscle
own.
VINblock is the first in line of their corporate blockchain solutions
menu for the car community. Reportedly designed to trace the
lifetime activity of any vehicle with its unique vehicle identification
Number (VIN), a new industrial ecosystem would be created by them
participating users.
"Our permanent and shared VINblock ledger, based on Hyperledger Fabric
blockchain technology, provides critical added value for the construction of
foundation of connected mobility for OEMs, dealers and consumers
conduct business in the 21st century, "said Jason Bennick, CEO
and co-founder of DMX. "As we innovate next-generation solutions
automotive, we are trying to create new channels that can work
faster and more efficient than most of everything out there, and in a
new, low-cost and completely reliable, safe environment. "
Based on blockchain authorized by Hyperledger Fabric and relative
technologies, the VINblock permanent shared VIN ledger aims to provide
accurate and timely detection of vehicle identity, property changes and
been in the DMX markets. This approach offers significant advantages
trust, security, provenance, accuracy, costs and speed compared to traditional ones,
different database systems, applications and integration methods.
"Blockchain is just one of our key technologies together with automation,
AI, analytics, IoT and intelligent APIs that we are integrating into our
mobile, cloud platform and solutions that offer strategic advantages
for all our customers, "said Wes Reid, co-founder and director of DMX
Technology.
VINblock will combine data on the chain, private data, and off-line data
services to efficiently provide the information necessary for applications
hosted by DMX and their other partners.
Users will access VINblock through their mobile devices on the DMX
platform. At the company level, OEMs are supplied additional, safe,
integration options including DMX REST API and shared VINblock
ledger network.
"Our partnership with the Hyperledger project has helped us drive faster
our blockchain works. We are taking advantage of the main features of the Fabric in platform
VINblock: the new model of intelligent program, private data, operations
management functionality and more, "said Jim Mason, director of DMX Foundry,
their blockchain and AI innovation lab.
DMX is examining a list of permanent and shared master books that
VINblock reference to be integrated through their complete suite of applications and
owner market
VINblock arrives in 2019, with a first working model presented to
the Hyperledger World Forum to be held on 12 December in Basel,
Switzerland. DMX believes that the VINblock protocol and their business
blockchain technologies will continue to evolve rapidly based on
needs of the automotive market going forward.
DMX
Dealer Market Exchange is a solution for business mobility
platform for the automotive industry. From zero, DMX is scheduled
with scalability, performance, mobility and flexibility in the lever
best practices of advanced engineering to create a suite of services a
satisfy the need for a technologically mobile automotive community. DMX
provides an intuitive and uninterrupted mobile application ecosystem
services to quickly, accurately and economically manage the movement of
vehicle assets. DMX is one of the fastest growing and well funded startups
today with a unique patented technology and over a dozen federals
registered brands – and growing. Organized and domiciled in
Commonwealth of Puerto Rico, DMX exports services through the cloud for
North America and is expanding all over the world. DMX Consumer Solutions becomes
available in 2019. DMX is a member of MOBI, general member of
Hyperledger and Silver Member of Linux Foundation, with DMX Foundry
like their blockchain and AI innovation lab. For more information visit
dmx.io or connect to Facebook (@ dmx.io) and Twitter (@dmxio).
Hyperledger
Hyperledger is an open source collaborative effort created to advance
crosschain blockchain technologies. It's a global collaboration,
hosted by The Linux Foundation, including leaders in the financial, banking,
Internet of Things, supply chains, production and technology. To think
as an operating system for markets, data sharing networks,
micro-currencies and decentralized digital communities. He has the
potential to greatly reduce the cost and complexity of getting things done
done in the real world.
