CarVertical is a blockchain-based vehicle history registry. The CarVertical will allow the network users to register their vehicles on the blockchain as a property and by installing a miner into the vehicle OBD slot (On-Board Diagnostics) generate a stream of real-time information that will be used to calculate the real value of the vehicle. In order to calculate the real value of a certain vehicle, the CarVertical team will use machine learning and advanced mathematical models. Furthermore, the CarVertical will feature a wallet that will serve as a gateway to most of their services, including the car's registration and maintenance records previously mentioned, and also perform insurance or technical inspection tasks.
CarVertical token (CV) is an ERC-20 token that will be used to reward the network users that provide information about the vehicle.