CLASIQ

BLOCKCHAIN INTEGRATION

The world's most trusted auction for classic car enthusiasts.

The clasiq.com platform is a marketplace for the classic car industry. It allows people to trade and buy cars with cryptocurrencies, as well as to store them in a secure, decentralized environment.

Clasiq approached Orbitlabs with a request to add blockchain to their website.

The idea is that Clasiq wanted to use blockchain technology as a way of providing provenance and ownership for each car.

We extended the clasiq platform to allow to use of crypto to create an initial immutable point of reference for every asset that passes through the Clasiq platform as well as the history of the changes. Using counterparty we can offer ownership of this vehicle to the legitimate owner of this vehicle allowing us and them (and 3rd parties) to augment the data with more data as time goes on.\n\nit uses a cascading address architecture to track ownership over time and as it passes from users so you can see a full history of the car at any time

The solution was built on the BSC blockchain, which has been designed specifically for smart contracts and other applications requiring high levels of security. We use BSC to store digital representations of physical cars that pass through the Clasiq platform.

The blockchain provides provenance and ownership for each car. This means that there is an indisputable record of who owns the car and where it came from. The information stored in the blockchain cannot be tampered with or changed without being detected by other users in the network.\n\nTake it for a spin now, visit clasiq.com today