CarTaxi about blockchain

In the CarTaxi project, we planned to integrate blockchain in the 4th quarter of 2017. In respect to that, we receive many questions about why we are implementing the blockchain, whether we can do without it and how we will use it. Here is our answer.
In principle, blockchain is needed by all companies that connects partners and customers. This technology revolutionizes the process of transaction control and saves companies’ money by making payment management without middle men. Moreover, the data in the blockchain cannot be faked. All participants are obliged to honor their obligations.
Since August 30, we are launching pre-sale sales of CTX tokens of a combined type. Blockchain makes the work of our company transparent for investors (tokenholders).
On the IT-platform CarTaxi, blockchain allows for transparent accounting of payments and balances of performers. It stores the entire history of orders with their parameters. Accordingly, a transparent system is created to monitor operations and revenues by all stakeholders (including investors). At the same time, access to information is encrypted and implemented using a private key. Executors, customers and partners will receive information only about their transportation.
The main scenarios for using a smart contract in CarTaxi are:
1. registration of accounts of suppliers and partners;
2. registration of customer accounts;
3. Create an order and manage its fulfillment;
4. implementation of settling payments with suppliers and partners;
5. Implementation of the process of redemption of tokens by the company;
6. Implementation of the process of paying dividends to tokenholders.

When registering a new supplier in the system, his personal data, such as his name, last name, contact phone number, driver’s license and vehicle data, are added to the blockchain account using a smart contract. Its balance is set to 0. At registration, the system selects the range of permissible parameters of mass and ground clearance for the specified model of the tow truck.
When a new customer is registered in the system, his personal data, vehicle data — brand, model, year of production, registration number in encrypted form with the help of the smart contract function are added to the blockchain. When adding a new car, the system based on the entered data on the vehicle by way of using a catalog establishes the vehicle parameters — the mass of the car and its ground clearance, which are then taken into account when searching for a tow truck.
When the client creates a new order, the system selects the optimal tow truck for the specified vehicle. The optimal choice is the ETA of the tow truck, as well as a number of other parameters. Analyzing these parameters, the neural network selects the supplier (service provider), and the system sends a request. After the supplier has accepted the order, the data about the order and the supplier is encrypted and added to the blockchain using the function of the smart contract. From this moment, the business process for the execution of the order begins.
When the supplier completes the order, the data on the final cost of the order and the coordinates of the suppliers location the smart contract function. The smart contract analyzes the data, verifies their authenticity and conformity with the original data. In the case of full conformity, the order is considered to be completed, the smart contract makes settles the payments and credits the contractor with an amount equal to the order value minus CarTaxi’s commission.
The CTX token holder has the ability to track real-time operations of CarTaxi, to obtain statistics on the number of orders executed and revenue. CTX token holders are entitled to be payed dividends based on voting results of the reporting period, the duration of which is set by the parameters of the smart contract.
We remind you that CarTaxi is a decentralized platform based on blockchain, which combines all the car tow trucks into one online network. This allows you to quickly, efficiently and safely evacuate the car at any time and anywhere. In CarTaxi, the interface of the mobile application with geolocation is used. CarTaxi has already successfully conquered the Russian market and is at the stage of expansion into the markets of the US and China. The service uses the blockchain technology on the basis of the Etherium smart contract platform.

