LotBlok Developing Blockchain Based Auto Liquidation App

SAN CARLOS, Calif., Feb. 19, 2019 /PRNewswire/ -- Founded in 2016, LotBlok is an automotive marketplace for wholesale customers and consumers to safely and securely liquidate vehicular inventory faster than anyone in the market. LotBlok is the first automotive technology company using blockchain technology to enable customers to verify vehicle information, protect sensitive user data and make payments while drastically reducing exposure to fraud and/or theft.

LotBlok and WeBuyYourCar have announced their partnership after the highly successful launch of their car buying service in California. LotBlok will continue to build out US Operations while German-owned WeBuyYourCar will expand European Operations.

"WeBuyYourCar, powered by LotBlok, was purpose-built to create a great car-selling experience. We invented the first 100% digital car selling service for private customers. WeBuyYourCar is the easiest, fastest, and best way to sell your car safely for high value in minutes. As a dedicated 'trade-in' service, we exclusively focus on buying cars. That focus allows us to create efficiencies and automate our car-buying processes, so we can provide you a better deal and great car-selling experience. We are a trade-in service that focuses on buying cars only," says Ian Smith, the Founder and CEO of LotBlok.

LotBlok's dedicated blockchain team has worked around the clock to integrate their system with the Stellar Blockchain Network.

The LotBlok Explorer is complete…"the LotBlok Explorer, which provides a simplified front-end interface with the Stellar blockchain for LotBlok clients, is fully developed," states LotBlok Blockchain and IT lead Sebastian Mellen. Additionally, "basic verification and proof-of-existence of PDF documents and JSON objects will be carried out on the Stellar blockchain starting in late February. LotBlok customers will then be able to verify the authenticity of forms and documents from LotBlok on the blockchain. This provides our clients with a safer, simpler and more secure way to 'trade-in' their unwanted cars."

A preliminary look at the LotBlok Explorer is available at explorer.lotblok.cloud. WeBuyYourCar can be found at www.webuyyourcar.com. LotBlok's official website is www.lotblok.com

Contact:
Sebastian Mellen
(866) 568-2565 / 866.LOT.BLOK
[email protected]

SOURCE LotBlok Inc.