DASHUB is producing blockchain-based technology designed to enhance key elements of its current operations. This technology is called the Automotive eXchange Platform (AXP) and is fueled by the Automotive eXchange Token (AXT), an ERC-20 token. AXT will be introduced to the world via an Initial Coin Offering (ICO).
DASHUB has identified several areas of its core business that can be enhanced through the use of blockchain technology. Each example (which they refer to as “Use Cases”) are mentioned below and are described in detail in the White Paper. Both their core business and their existing consumer base--currently 250,000+ members strong--will have immediate access to the platform through the use of DASHUB’s website, integrated wallet, and API. This business and consumer activity will drive the initial value and utility of the Automotive eXchange Token (AXT).
This approach does not require mass industry-adoption to function properly. DASHUB’s initial Use Cases for both their business and their consumer will function as intended, generate value, and lay the foundation for expansion into the industry; a vision that includes major players such as manufacturers, State DMVs, and financial institutions. Momentum is already building behind the AXP project. Major players have invested. Hard-hitting ICO and blockchain experts have joined the board of advisors. DASHUB hopes you will evaluate this project and see a viable path that leads to a massively-adopted blockchain technology that will disrupt the multi-trillion dollar automotive industry.
Used Vehicle Sales
Market Size
Auto Loan
Vehicle Service Contract
Auto Insurance
Size of Aftermarket by 2020
Specialty Aftermarket
Please refer to the White Paper for citations substantiating market value claims.
There is an enormous market, estimated at a combined value of $2.8 trillion, in the used vehicle sales market as well as the ancillary revenue streams market such as financing, insurance and servicing. A breakdown of the sources of the extended US auto market revenues are listed to the left.
DASHUB will implement a fully- integrated AXP wallet into www.dashub.com which will accept payment in fiat as well as AXT. The AXP wallet is required to spend and hold AXT (a necessary element of the platform).
DASHUB will accept deposits made with Automotive eXchange Token (AXT) via the Automotive eXchange Platform (AXP) on www.dashub.com and its integrated AXP wallet.
Benefits of the Deposits Use Case:
- Eliminates the risk of banks canceling or delaying the deposit
- Eliminates the risk of fraudulent chargebacks
- Eliminates the risk of credit card fraud
- Decreases transaction time from 1 - 5+ days down to near-instant
- Eliminates the fees paid to credit card processors / payment gateways
- Eliminates the fees associated with wire transfers
- Increases chances of completing sales with tight purchasing deadlines
- A member deposit becomes part of the transaction history
Vehicle's get listed for sale on the Internet all the time. This is not typically part of a vehicle's standard report history. The AXP is paving the way to change that. Each time a vehicle is presented to DASHUB to be listed for sale, a transaction will be made with the AXP using the Vehicle Smart Contract (VSC). The VSC keys the entry based on the vehicle’s VIN. The details delivered along with each listing will be recorded chronologically.
Benefits of the Vehicle Listing Use Case:
- A Vehicle Listing entry is created as part of a VIN’s vehicle history
- Details of each listing are preserved chronologically
- Vehicle Listing information is publicly available on a decentralized distributed ledger
- Provides details currently unavailable in other vehicle history reports
- Will help prevent fraud
Currently it's difficult to ascertain past (or current) purchasing intent on a specific vehicle. The AXP is paving the way to change that. Each time a member makes a purchase offer on a vehicle, a transaction will be made with the AXP using the VSC. The VSC keys the entry based on the vehicle’s VIN. Each purchase offer transaction will be logged on the AXP and can now be queried as part of the vehicle’s AXP history.
Benefits of the Purchase Offer Use Case:
- A Purchase Offer entry is created as part of a VIN’s vehicle history
- Details of each Purchase Offer are preserved chronologically
- Purchase Offer information is publicly available on a decentralized distributed ledger
- Provides purchase intent details currently unavailable in other vehicle history reports
The problems here are many, from payments, purchase details, to managing the paperwork as well as State and federal requirements. AXP is paving the way for a better transaction process. Each time a member makes a successful Purchase Transaction, a transaction will be made with the AXP using the VSC. The VSC keys the entry based on the vehicle’s VIN. Each Purchase Transaction will be logged on the AXP and can now be queried as part of the vehicle’s AXP history. Because payment can be made in full with AXT, risks and delays associated with banks and traditional financial institutions are eliminated. The official paperwork process will be integrated on DASHUB's end, to prepare for the grand vision of bringing the State DMVs on board.
Benefits of the Purchase Offer Use Case
- A Purchase Transaction entry is created as part of a VIN’s vehicle history
- Details of each Purchase Transaction are preserved chronologically
- Purchase Transaction information is publicly available on a decentralized distributed ledger
- Purchase details on AXP can be used to price vehicles being listed for sale
- Provides an alternative to wire transfer for payment
- Eliminates the fees associated with wire transfers
- Decreases transaction time from 1 - 5+ days down to near-instant
- Reduces risk of incurring late fees or storage fees paid to vendors / sellers
- Reduces problems and delays associated with international purchases
- Reduces errors during the title and compliance paperwork process, and streamlines the process due to the nature of executing Smart Contracts
- Lays the groundwork for State DMV acceptance of AXP paperwork
| Day 1 - 3 | Day 4 - 8 | Day 9 - 15 | Day 16 - 20 | Day 21 - 30 |
|---|---|---|---|---|
| 45% | 40% | 38% | 35% | 33% |
| Day 1 - 3 | Day 4 - 8 | Day 9 - 15 | Day 16 - 20 | Day 21 + |
|---|---|---|---|---|
| 20% | 10% | 5% | 2% | 0% |
This roadmap describes DASHUB’s journey beginning with the launch of www.dashub.com and then
projects benchmarks and milestones into the future for the development and deployment of
the Automotive eXchange Platform (AXP) and the Automotive eXchange Token (AXT)
Beta testing & Security audits
Heavy testing focusing on scalability & security
Example applications are critical to proving the platform
provides the features required by real developers.
Bounties for successfully attacking the networks - Attacking the
network with spam, virtual machine
exploits, and bug crashes, and non-deterministic
behavior will be a heavily involved process but
necessary to ensure that version 1.0 is stable.
Adding support for additional languages
AXP has created a whitelist for its pending token sale.
Successful acceptance to the whitelist will guarantee you the
ability to participate in the AXP token sale.
