What Is GIVLY Coin (GIV)? Complete Guide Review About GIVLY Coin.

What Is GIVLY Coin (GIV)?

GIVLY Coin platform establishes an interconnected network of vehicles where individuals and businesses can monitor, track, tune, and diagnose the issues on them. Despite recent advances in automotive technologies such as self parking and self-driving vehicles coupled with the improvement of alternative fuel sources, passenger vehicles have been largely left out of the connectivity discussion.

Even with the advent of the Internet of Things, most vehicles today utilize technology to track and report on one vehicle at a time, and only when they are at the repair shop. This is not a final registration but only to get the initial information and date/times assigned for GIVLY Coin contributors. They will likely be integrating a KYC process as well. More information of how to contribute will be published well before the ICO. These DVCR’s have a lot of fraudulent activity in filing.

GIVLY Coin is striving to automate this activity and record the necessary pieces in blockchain so it cannot be tampered. This would help Fleet Managers earn the trust of the Audit agencies thereby benefiting them as well as the enforcers of these regulations. Similarly, a potential exists for the other use cases identified by Gluon such as Vehicle Emissions which can then be expanded for commercial purposes.

GIVLY Coin Storage Key Points

A Platform for Retailers

GIVLY Coin platform establishes an interconnected network of vehicles where individuals and businesses can monitor, track and diagnose the issues on them. Despite recent advances in automotive technologies such as self-parking and self-driving vehicles coupled with the improvement of alternative fuel sources, passenger vehicles have been largely left out of the connectivity discussion.

At a very high level Blockchain allows GIVLY Coin to not only accept secure payments, but also records independently verifiable data such as, but not limited to, repairs (for individual vehicles and fleets that are audited and need to prove sanctity of data), order history from manufacturers to distributors, inventory control for distributors/retailers, emissions related records that are working on currently to certify in California. The picture below illustrates how Gluon will be utilizing the blockchain built on the Start is platform.

GIVLY Coin for Fleet-Management

GIVLY Coin model is based on generating multiple revenue streams including, but not limited to, hardware sales, software subscriptions, advertising, monitoring services, diagnostic services, data services, e-commerce parts sales, and blockchain transaction processing. They have released enterprise product. The consumer product is going through FCC testing at the moment and will be available in just a few months. The main difference is size and on board embedded cellular. Under contract we could send you an enterprise device to review.

How It Works

GIVLY Coin platform -individuals and businesses can connect their vehicles and businesses with manufacturers, parts suppliers, repair shops, and other service providers within the network. MTC is an affiliated organization. They are an auto parts manufacturer and wholesaler in business for over 30 years. Some members of the Gluon team are also founders of that successful company. They provide access to parts, inventory and sales data to Gluon. MTC is also one of the venture backers for Gluon.

Monitoring Solutions

With GIVLY Coin platform -individuals and businesses can connect their vehicles and businesses with manufacturers, parts suppliers, repair shops, and other service providers within the network. Not only can customers diagnose their vehicles themselves, order parts, and request bids on repairs, but they can schedule repairs, send/receive payments for services and goods. Consumers can tune their vehicles for optimal performance and/or regulate their use. Repair shops can diagnose vehicles more cost-effectively and accurately order the correct parts.

GIVLY Coin understand the concern of why blockchain is necessary to Gluon rather than a central database. The premise of blockchain technology is to provide an independently verifiable data where the entity consuming this data is sure of its sanctity. The use cases identified by GIVLY Coin does just that where blockchain will play the role of the keeper of truth. e.g. for fleet management, it would provide the benefit to remove fraudulent activity in reporting and compliance purposes. There is a requirement for the fleets to fill the DVCR (Driver Vehicle Condition Report) to ensure compliance.