August 14, 2018

AUTON, Commerce, and Blockchain

This article highlights AUTON and its use in automotive commerce

AUTON [1] is a digital currency and medium of exchange for automotive transactions. AUTON’s are available for use by OEM dealers, insurance service providers, manufacturers, distributors, repair centers and other service providers across North America and globally [through partnerships*].

By using the Vehicle Passport app and adding a vehicle, an AUTON gets issued to your digital wallet as shown here*. When consumed in trade or service at a dealership, or as more AUTON’s are rewarded, the balance is automatically updated and displayed in app. The SHIFTMobility Automotive Platform is used to create and manage AUTONs for use by enterprises.

Benefits of AUTON:

Transparency: All transactions are verified, committed, and confirmed in the blockchain. Once an AUTON is issued to an account the transaction cannot be reversed by the sender. Similarly, if an AUTON is consumed when a purchase is made it cannot be reversed by the receiver.

Transaction Fees: There are no transaction fees to share, gift, or send AUTON’s.

Speed: Transactions are processed as they take place on the AUTONSCAN platform [2] [3]. Sending or receiving AUTON occurs instantly.

Network: The network is secured by SHIFTMobility’s blockchain platform and cryptographic protocols used for transacting on blockchains; including secure communication channels with business entities across the distributed network.

Blockchain-as-a-Service: SHIFTMobility will roll out open APIs for use by developers in Automotive, FinTech, Cryptocurrency Exchanges, AI, and related industries.

Cost: Using AUTON is free for consumers. See article [4] to learn how to earn AUTON.

Stay tuned for more.

*For partnership opportunities in US and globally, send your request to info@shiftmobility.com.

References:

[1] AUTON: Dawn of a New Automotive Economy

[2] Autonomous Consensus Protocols Deliver High TPS For Automotive Industry

[3] Introducing the Worlds’ First Open Marketplace – AUTONSCAN

[4] AUTON for your car – How to get it?

© 2018 SHIFTMOBILITY INC.

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