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<p><em><strong> Introduction</strong></em></p>
<p>According to statistics, there are about 1.2 billion cars in the world. The car has become a daily means of transportation and a part of our lives. Every year, people buy 100 million new cars. Along with the development of the vehicle industry, adjacent markets are also developing (auto parts, used car sales, logistics, etc.).</p>
<p>Basically, existing services have the ability to unite only two participants on a centralized platform (driver and customer, mechanic and customer, and so on). Each Platform solves certain problems and there is no common system that connects different platforms to solve big problems. But the vehicle-related markets in reality are connected because they all commonly need vehicles to operate. These markets can create an ecosystem.</p>
<p><em><strong>About MVL</strong></em></p>
<p>MVL will solve these problems by collecting data in one centralized database using blockchain technology. They will keep a record of all actions related to a particular vehicle throughout its “life” and ensure the safety and confidentiality of the data. Only the owner will have power over his / her data stored on the decentralized blockchain.</p>
<p>The MVL ecosystem will motivate its members with an effective MVL Points reward system. The MVL Ecosystem will have a system that allows participants to evaluate each other to facilitate the collection of reliable data.MVL intends to create more accounts for different vehicle-related participants, including used-car dealers, car wash companies, gas station and so on.</p>
<p><em><strong>Conclusion</strong></em></p>
<p>MVL is an innovative project based on blockchain. They plan to combine all the services related to vehicles and solve various problems. The current vehicle market is not based on incentives. Each service will be centralized and disconnected from each other. The MVL ecosystem, on the other hand, connects vehicles, rewards members, shares profits with decentralized services, and integrates vehicle-related services and business. The MVL ecosystem combines not only transport services but also motorcycles, bicycles, Hiking trails and public transport. In the long term, drone taxi, self-driving vehicles and electric vehicles will be added to the ecosystem. In this ecosystem, all participants will have ownership of their data and grow along with the ecosystem. </p>
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