ROAD tries to create a full-life cycle interaction and accounting system based on blockchain technology for cars, which we call the car ledger. The car ledger uses individual interaction and cluster intelligence to build the ROAD Internet of Vehicles and smart transportation ecosystem, realize related business applications, and use the blockchain to realize the right and privacy protection of user data. At the same time, ROAD Token is constructed and coordinated through ROAD Token Resource exchange between vehicle nodes and heterogeneous links. ROAD is based on business-driven, and through the continuous expansion of business practice and business projects, the marginal effect of the system increases with the increase of the overall number of participants. The commercial application of ROAD is oriented to data transactions, second-hand car circulation, auto finance and other after-car transaction scenarios, as well as business opportunities in the Internet of Vehicles under the 5G environment.
ROAD Token is ROAD's native encrypted digital use pass, which is an important part of ROAD's economic system. ROAD Token is generated based on the smart contract of the INT public chain. ROAD follows the principle of increasing marginal benefits as more people participate. The initial distribution of ROAD Token tokens is led by the ROAD Foundation.

Project goals

Road is based on business drivers, provides users with blockchain-based storage ledgers, and builds and enriches the application ecology of automotive ledgers. Based on the automobile ledger, realize sufficient business applications such as data transactions, information exchange, and automobile finance, fully protect user privacy, and explore and practice feasible business models.

Project Background

1 ) The scale of the automotive aftermarket continues to increase
The number of cars in China will reach 330 million in 2019, while the world will exceed 1.2 billion. The financial and other automotive post-segment markets all exceed trillions. According to relevant research reports, the future automotive data-related market will reach 800 billion U.S. dollars per year, and the current automotive data collection, ownership confirmation, and transaction environment are the weakest links in the industry infrastructure .

2) The rapid development of 5G and blockchain will give birth to a new business paradigm for the Internet of Vehicles
The rapid and large-scale commercial use of 5G will make the Internet of Vehicles with extremely high requirements for communication capabilities The industry is growing rapidly. Starting from the second half of 2020, new cars coming off the assembly line will be pre-installed with CV2X on a large scale. Existing vehicles can also realize 5G networking and intelligence through rear-installed OBD. The rapid development of the Internet of Vehicles will create a large number of new usage scenarios and business models.

3) Automobile data has higher and higher circulation and application value
The whole life cycle of automobiles starts from manufacturing, to sales, maintenance, daily use, and recirculation The generation of each kind of data has important application value for the scene at that time. However, the highly discrete state of these dynamic data distributions determines that it is difficult to collect, confirm rights, and maintain authenticity, which also leads to a large number of black-box transactions in the automotive data market. As a data contributor, car owners often cannot obtain benefits. In view of this situation, the European Union has enforced GDPR since May 2018, and auto companies or other service providers have no right to use car owner data without user authorization. The blockchain ownership confirmation of automobile data and the interest coordination of each transaction unit (token mechanism) will change the status quo of automobile data transactions.

4) The world's leading auto companies are increasing the research and development and application of the Internet of Vehicles blockchain
In 2016, BMW and other companies initiated the automotive industry blockchain open alliance MOBI , by promoting blockchain standards and accelerating the adoption of blockchain, distributed ledgers, and related technologies in the mobility industry, Continental, Toyota, and Mercedes-Benz are also launching blockchain business attempts.

ROAD technology implementation

ROAD will exist in the entire ecology of the Internet of Things in the form of a parallel chain of INT Chain, aiming to solve problems in smart transportation and the Internet of Vehicles. It will connect with INT Chain through a cross-chain protocol and realize interconnection with other IoT systems. To jointly reconstruct the future Internet of Everything, in terms of technical architecture, ROAD will adopt the technical advantages of INT Chain, and will also develop its own unique technical path according to the system characteristics of the Internet of Vehicles.

ROAD System Architecture
The overall architecture of ROAD is divided into three layers (as shown in the figure below):
1. Data production layer (including collection and submission);
2. Data Storage layer (including verification of data and transactions, distributed storage of massive data and transaction records, and on-chain storage of key data);
3. Application layer (including data release, search and calculation, user applications);

ROAD business model and commercial products

Road is driven by the business model, and through the expansion and evolution of business applications, it continuously enriches the data value and interaction value of the auto ledger. ROAD's business ecosystem includes car archives, smart driving, car maintenance, auto finance, e-commerce, car sharing, etc. At the same time, the transformation of stock cars to 5G networking is also a very important commercial application of ROAD.

ROAD Software Products

Auto Ledger APP
Luxury Car Blockchain Archives
Distributed Auto Finance
Data Trading Market
Blockchain Shared Travel Platform
Trusted Vehicle Networking Device Alliance

ROAD hardware products
ROAD will develop multiple hardware products for different car usage scenarios, and these hardware products will be the source of dynamic data of the car ledger.
Desensitization OBD
Rear-installed 5G IoV terminal

Road Token

ROAD Token is ROAD's native encrypted digital use pass, which is an important part of ROAD's economic system. ROAD Token is generated based on the smart contract of the INT public chain. ROAD follows the principle of increasing marginal benefits as more people participate. The initial distribution of ROAD Token tokens is led by the ROAD Foundation.
The economic system and Token mechanism design of the blockchain project is a complex crowd collaboration management system. We will continue to design and optimize the Token operating system, and gradually improve the token economic system to achieve the purpose of increasing marginal effects .
Some applications inside the ROAD auto ledger require stable weights and measures, so we will add a second-tier token at an appropriate time, and adopt a method similar to Libra to link to stable coins such as DCEP, USDT or USDK.

Secondary distribution and governance mechanism

ROAD Token Output Mechanism

Road Token is produced through mining of ROAD series Internet of Vehicles equipment;
Data nodes contribute data to generate Token;
Road Token Staking or other DEFI methods are used to generate Token;
Users are promoting ROAD Community incentives to generate Tokens;
shared parking spaces, shared charging and other sharing applications to generate Tokens;

Application scenarios and consumption of ROAD Token

ROAD Token is mainly used for payment between ROAD distributed businesses, including:
E-commerce applications: ROAD system auto parts supply chain platform, car accessories and peripheral products based on car owners;
Auto finance: insurance industry , auto mortgage loans, distributed auto finance, etc.;
Data economy: data transactions among car manufacturers, parts manufacturers, insurance companies, second-hand car dealers, financial institutions, auto repair stores and other institutions and car owners;
Sharing economy: used to pay for shared economic scenarios such as shared travel, shared parking spaces, and shared charging.

Token repurchase and destruction of ROAD Token
ROAD is a business-driven project. The ROAD Foundation will directly or indirectly participate in the operation of ROAD-related commercial entities. Part of the profits will be used for token repurchase, and the repurchased tokens will be destroyed, and the destruction records will be made publicly available on the chain.

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