Many industries are discovering the benefits of blockchain technology. Now it is the turn of the car towing industry. Thanks to the CarTaxi platform, licensed towing companies can reach people for roadside assistance more easily. The decentralized platform allows users to find the best towing services, and enables towing companies to grow their business. Transactions for services are offered in the form of CarTaxi Token (CTT).
The CarTaxi Token can be used as currency for transactions on the CarTaxi platform. This is a platform that offers services of licensed car towing companies. For drivers stranded on the roads due to car breakdown, the CarTaxi Token offers plenty of benefits. Users can search from different car towing companies. This ensures that no matter where they are located, the user can locate the nearest car towing company. This can often be very useful in emergencies, when you need to get to your destination fast or just need to find assistance on a lonely stretch. Towing services are also needed for removing poorly parked vehicles, or for clearing accident sites.
The CarTaxi Token (CTX) were distributed through pre mining and ICO on October 2017. There is a total supply of 500 million tokens. Those who participated in the pre mining, earned large rewards on the purchase. The blockchain based smart contracts help in registering customer data, as well as time of arrival of the towing vehicle. The actual time of arrival is also noted. If there is an unexplained delay, the towing company will have to pay a penalty. This assures users of timely roadside assistance. The smart contract also ensures user safety. If the towing vehicle or other details deviate from what was originally filed, the transaction cannot be completed. If the details match, the company is paid. The transactions are fast and do not need too much third party intervention and this is what makes the blockchain based car towing platform so reliable.
The wide reach in terms of geographical cover is one of the major benefits of using CarTaxi Token. The service operates in more than a dozen countries. Therefore, users situated in any location can find quick assistance, should a vehicle need to be towed. The payments are made in CarTaxi Token and this ensures that there is reliability and speed in service and payment delivery. Services are tracked through smart contracts and the payment is released the moment the service is completed.
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