AutoBay
Payments
Autobay is the first e-commerce platform based on the Ethereum blockchain that allows users to sell, buy and trade cars using cryptocurrencies as a form of payment.
Autobay is the first e-commerce platform based on the Ethereum blockchain that allows users to sell, buy and trade cars using cryptocurrencies as a form of payment. Autobay will bring transparency to the purchase process as each transaction will be set up as blocks in the Ethereum blockchain by creating a proof of ownership record and recording all the transaction data. The vehicle record enables future buyers to track the history of cars, creating a secure and unprecedented process. The Smart contract will include data such as brand, model, patent/identification number, mileage, etc., as prospective buyers will have access to this data and will verify the authenticity of the information.