Bookmap Ecosystem News
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​​LEGISLATOR OF THE SOUTH KOREA DEMOCRATIC PARTY CALLS ON THE AUTHORITIES TO “OPEN THE ROAD” FOR ICO

Good news from the Asian region. Member of the National Assembly of South Korea, Min Byung-do, called on the state to “open the way” for the ICO by slackening the rules. He will present the draft ICO legislation at the next stage of the National Assembly. Min Byung-do also said: "We are considering ways to open the way to the ICO, strictly prohibiting such negative factors as fraud, speculation and money laundering."

South Korean lawmakers raised the issue of canceling the ICO ban at the end of August. According to the report, it is expected that discussions on the elimination of the ban will rise at the background of the preparation of rules for the protection of investors, and a focus group will be formed to control crypto-trade.

Such changes in the mood of legislators please us. Asia and South Korea in particular is a huge market for both the blockchain and the car industry. We hope that everything will end in favor of crypto enthusiasts, and South Korean car owners will be able to take full advantage of the Bookmap ecosystem!

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Channel name was changed to «Bookmap Ecosystem News»
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​​NEW STEP FOR BOOKMAP

One of the goals of Bookmap is to create a unified system that affects all aspects of the car market. This week we came one step closer to it by visiting the Toyota office.

Toyota Motor Corporation is a Japanese car manufacturing corporation. It is the largest public automotive company in the world and the largest public company in Japan.

At the meeting, Bookmap representatives spoke about the benefits of their ecosystem. They told in details about the data storage system on the blockchain, which will make it impossible to manipulate odometer readings.

Toyota representatives noted that the solutions proposed by Bookmap are interesting, and they are ready to negotiate on the introduction of the Bookmap ecosystem further.

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​​MISSION OF BOOKMAP

The mission of the company is the meaning of its existence, in addition to getting income. Mission is the idea you serve. It forms the values ​​and principles of business, reflects the purpose and positioning of the company. For Bookmap, “Mission” is not just a word.

We see Bookmap as a global company with a flexible policy that meets the needs of people and companies in the auto business. Our mission is to improve the market of services and purchases and sales of used cars. To achieve this goal, we use advanced information technologies (blockchain, IoT / M2M) and are ready to implement future intellectual developments.

The company Bookmap and its employees intend to go to the end and reach their targets. We believe in what we do. Convenience, trust, simplicity and responsibility are the values ​​that we serve.

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​​WHAT IS BKM TOKEN?

The blockchain sphere is developing steadily and more and more people learn about it every day. People use cryptocurrencies, participate in ICO and buy tokens. Many people are not familiar with this wonderful technology yet. Today we are going to tell you about a token and the BKM token particularly.

BKM token is “Utility” (useful) token - a coin, the company's internal digital currency. Buying a BKM token, you get advantages when using the company's products. The investment is necessary to simplify the use of the service. In this situation, the BKM token will be actively used in the Bookmap Ecosystem, which will increase the token’s price undoubtedly.

To learn how to use the BKM token and what are its advantages, read our following articles.

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​​HUGE CASH FLOWS IN THE AREA OF BLOCKCHAIN IN THE BALTIC COUNTRIES

The Lithuanian authorities held a seminar on the “threats and potential benefits” of the ICO for the country's economy. “Virtual currency has huge cash flows,” reports Antonio Mikulsk, head of FCIS. The authorities note that the high volume of ICO turnover - 500 million euros (about 576 million US dollars) over the past year and a half - requires more stringent mechanisms to combat fraud.

Baltic is one of the world leaders. It shows the highest development growth worldwide - more than 300%. Blockchain offers great opportunities for the development of any sphere, but requires careful monitoring.

The Estonian company Bookmap is going to deal with the problem of controlling and improving the system in the car market. The Bookmap Ecosystem is based on blockchain technology. It is designed to solve the problems of the car business field.

Read more on our website https://ico.bookmap.eu/

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​​HOW TO USE BKM TOKEN?

We have written about BKM token recently. Today we are going to talk about how it can be useful for users and participants of our ecosystem.

Bookmap Smartpay will give cashback in BKM tokens to car owners for paying tokens. They will be able to pay for services with BKM tokens in the partner services of the platform.

The system is designed in such a way that a certain number of tokens are organically kept in constant use of the platform.

Car services can get a cashback for providing data for the history. They can pay for advertising on Bookmap and using Bookmap CRM.

Car services will be able to save and exchange their tokens for fiat currency using Bookmap Change or on the external cryptocurrency exchange. It will get an extra profit when the BKM token grows in price.

All tokens holders and Bookmap users get profits!

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​​PROVIDING COST INCREASE OF BKM TOKENS

The investor who does not try to increase his income cannot be successful. The owner of the company who does not try to develop his business cannot be successful too. The interests of Bookmap investors and its owners are the same - everyone is interested in the rising cost of BKM tokens. Let’s sort out why it is inevitable:

After all the ICO stages are completed, we will list the BKM token on several cryptocurrency exchanges. Listing news always make token more popular, so its price may increase several times.

Customers will need a BKM token for using the system. We expect that in the first years of the platform’s operation, the demand for tokens will exceed supply due to the limited number of tokens issued: 550,000,000 BKM. The price of the token will rise on external cryptocurrency exchanges.

In the future, we will talk about how the company's expansion strategy will boost the price of the BKM token, so do not miss it!

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​​HOW EXTENSION OF COMPANY'S ACTIVITY WILL AFFECT THE COST OF BKM TOKEN

External and internal factors can influence the cost of the BKM token. Since the token is necessary for using the Bookmap system, its price will constantly increase. Consider what external factors and plans will affect its value.

We are planning rapid expansion to the Baltic countries, and then to the largest cities of the European Union. We will connect to the platform as much as possible car services and car owners through a large-scale marketing campaign. Bookmap expects an organic increase in the number of users, since the Bookmap Aggregator will be a useful and irreplaceable platform sometimes.

Gradual connection of adjacent areas of the car business to the Bookmap platform will result in an increase in the turnover of the BKM token. Users will be able to receive additional services, and the price of the token will surely grow. Among the top partners we see insurance companies, electric car rental services, electric vehicle taxi services, and in the future, unmanned taxi services, as well as car parts retailers.

Partnerships with well-known companies, enshrined in our reputation, will increase loyalty from Bookmap customers. New partners are new opportunities for expansion and improvement.

We are convinced of the success of the company and the BKM token. If you are still in doubt, then join our social networks, ask questions and we will be glad to give you answers.

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​​ROADMAP OF BOOKMAP

Successful launch of projects is impossible without planning. The basis of the plan is a strategy, and for its implementation you will need a roadmap.
Roadmap is a master plan that covers the main milestones of the development of the project. It allows to save time on thinking about actions and move systematically towards your goal.

The Bookmap team shows the Roadmap so that you can follow the steps we take to achieve success with us. In this post, we consider the plans before the end of the year.

Stage 0
December 2016 – July 2018
The origin and development of the idea

- December 2016 — the origin of the idea
- January 2017 – June 2017 — writing a business plan and market analysis
- June 2017 – December 2017 — development of the idea and the formation of a team
- December 2017 – May 2018 — writing WP, website creation
- June 2018 – August 2018 — preparations for ICO

Stage 1
August 2018 – October 2018
Private sale of BKM tokens

- The sale of BKM tokens to the first waiting list
- The sale of BKM tokens to investors
- Bookmap Aggregator prototype development

Stage 2
November 2018 – January 2019
ICO stages

- Pre-ICO – pre-sale of BKM tokens
- 3 phases of ICO – the sale of BKM tokens
- Entrance of BKM tokens to stock exchanges

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​​BUSINESS MODEL. 4 POINTS OF BOOKMAP MONETIZATION

One of the main issues that must be addressed to run any project is how to monetize it. We have identified the highest priority business model that will help Bookmap grow and develop. Four main points of monetization of our project are:

1. Bookmap Service Fee

Bookmap will charge a fee of 3-5 per cent (depending on the invoice amount: the greater the invoice – the smaller percentage is) from the car service station's account for every booking that was made through the Bookmap system, i.e., for each new customer. We will receive payment only for work actually done.

2. Sale of data

Sale of car history data to insurance services, car sale parks, individuals on blockchain, who are interested in buying a car with "clean" history, etc.

3. Subscription fee

Bookmap provides a convenient system for business management – Bookmap CRM, which will include the working time recording functions, invoices generating functions, functions for analysing the number of customers and work performed, as well as customer service history, customer database, built-in email/SMS notifications, and other marketing tools. Income from the sale of supplementary functional packages or marketing packages to car service stations.

4. Ad sales


Income of the sales of advertising spots on the Bookmap website and in the mobile applications. With the expansion of the platform the visitor traffic will increase, and many companies from automotive business will want to purchase advertising spaces on our platform. Certain advertising spaces will be formed for each country.

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​​THE NUMBER OF CARS IN THE WORLD AND TRENDS

The market for auto services is growing along with the well-being of people and depends on the development of the economy of individual countries.

World Bank analysts predict that by 2050 on the roads of the world two times more cars will appear - at least 1.2 billion. In the near future, China and the European Union will be the centers of maximum concentration of cars.

In the auto service market, a field of unified car service platforms has formed, but with an increase in the number of cars, the platforms should scale globally. Bookmap has the potential to fill this field and cover all continents.

We consider global statistics when planning expansion to other regions of the world, but primarily focus on the European market. It will be first connected to Bookmap Aggregator. On the trends of the European market, read the following articles.

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​​NUMBER OF CARS IN EUROPE AND TRENDS

In the European Union, the car market has extensive positive trends. Over the past five years, the number of passenger cars in Europe has increased by 4.5% - from 241 to 252 million. In 2017, 17 million cars were produced.

In addition to the active growth trend, we note the market size. European Union ranks second place in the world in terms of quantity produced cars, so it produces more than 21% of the market. 12.2 million Europeans are involved in car field directly or indirectly.

Considering the upward trend and the growth of the economies of the EU countries, this situation
will continue in the next decade. The market has great financial potential. Car maintenance in the EU costs € 127 billion a year for car owners, including only parts and consumables, without labor costs.

Car owners will be happy to take the opportunity to optimize these costs and get high-quality car services at fair prices. They will be able to use the Bookmap ecosystem to find a car service that will meet all the criteria.

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​​THE ELEMENTS OF ECOSYSTEM AND IoT/M2M SOLUTIONS

Bookmap is not only a platform for collecting and storing data about the history of the car on the blockchain. We found a great potential of our idea and different ways to develop the main application Bookmap Aggregator. We include in the development concept additional modules, which will form a complete, dynamic and mutually supporting Bookmap Ecosystem together.

The ecosystem includes 9 key parts now; each of them enhances the value of Bookmap and provides additional features to users. We offer you to get acquainted with the elements of Bookmap in several parts.

Part 1: Bookmap Aggregator
The application will help to establish fast, convenient and efficient communication between service providers and customers - car owners. With a well-designed internal accounting system, Bookmap Aggregator helps you collect data to create a reliable vehicle history. This platform will be our first key development and it is going to bring many benefits to each market participant.

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​​THE ELEMENTS OF ECOSYSTEM AND IoT/M2M SOLUTIONS
PART 2. BOOKMAP CRM

In the last post, we talked about the first element of our ecosystem — Bookmap Aggregator. We plan that in the future more functions will appear in Bookmap Aggregator, which will simplify, optimise platform operation and provide its new opportunities.

We will create a special CRM-system for car service stations, integrated into Aggregator, which will help you run the business and manage the work of a car service station more effectively.

Part 2: Bookmap CRM
Customer Relationship Management System or CRM — is an approach to manage a company's interaction with current and potential customers. It uses data analysis about customers' history with a company to improve business relationships with customers, specifically focusing on customer retention and ultimately driving sales growth.

Among Bookmap CRMs functions will be:
• counting working hours of the service and every employee;
• automatic creation of invoices, sending invoices to customers, tracking the status of payment and archiving;
• keeping record of customer base;
• marketing functional: mailings (email, push, SMS) and reminders to customers;
• set of basic accounting functions, etc.

As soon as Bookmap CRM becomes a full-fledged product and available for open exploitation, it will immediately generate additional revenue which will have a positive impact on the development of the entire Bookmap Ecosystem.

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​​​​THE ELEMENTS OF ECOSYSTEM AND IoT/M2M SOLUTIONS
PART 3. BOOKMAP ASSISTANT

We continue to describe the key elements of the Bookmap ecosystem. Today we will focus on the Bookmap Aggregator add-on - the element discussed in the first part.

Part 3: Bookmap Assistant
Bookmap Assistant establishes the user's geographic location and helps other system participants to find him/her. For example, if your car breaks down in the suburbs or on the highway, you can easily call a tow truck with the help of Bookmap Assistant by transferring your exact coordinates to the service provider. Or to ask other car owners for help via Bookmap community (peer to peer help). The add-on will help you to find a helper who is near you. We call it “the ambulance”. With the help of Bookmap Assistant you will also be able to reward someone who responded to your request for help by sending him/her BKM tokens from your Bookmap Wallet.

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​​THE ELEMENTS OF ECOSYSTEM AND IoT/M2M SOLUTIONS
PART 4. BOOKMAP CAR HISTORY CHECKER

We continue to describe the key elements of the Bookmap ecosystem. Today we will discuss one of the most important developments in the Bookmap system - Car History Checker. Our main goal will be realized thanks to it: the improvement of trust relationships in the car market.

Part 4: Bookmap Car History Checker
Bookmap Car History Checker is a smart system for checking information about the condition of a car from different sources, which will verify them before writing to the blockchain.

Bookmap Car History Checker helps to create third-party ready reports with a complete, reliable vehicle history. This feature is extremely useful for private car sales, because the information is easy and transparent.

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​​THE ELEMENTS OF ECOSYSTEM AND IoT/M2M SOLUTIONS
PART 5. BOOKMAP MILEAGE COUNTER

To create a database for cars with real mileage, we will create a communication device with our platform based on GPS/IoT/M2M technologies, which is mounted in a car, reads information from your car computer and transmits it to the Bookmap server. This will allow you to count the exact car mileage and inform a car owner about every possible type of errors in the system through the Bookmap application.

Part 5: Bookmap Mileage Counter
Bookmap Mileage Counter will be installed in partner car service stations. This will not only ensure authenticity of a car mileage, but also will be an irreplaceable helper in searching for a car if the latter one is stolen.

To prevent unauthorized (even temporary) deactivation of Bookmap Mileage Counter, the most stable connection with the Bookmap platform will be provided that records any signal loss.

To obtain more precise data and greater opportunities from Bookmap Mileage Counter, we cooperate with company (1ot.mobi) that provides services in the IoT field (Internet of Things)/M2M (Machine-to-Machine), eSIM (virtual SIM cards).

Bookmap Mileage Counter calculates car mileage, but the car route will not be saved. A car owner will always be able to see the location of his/her car in the personal cabinet on the Bookmap platform.

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​​THE ELEMENTS OF ECOSYSTEM AND IoT/M2M SOLUTIONS
PART 5. BOOKMAP SMARTPAY

In the Bookmap ecosystem, we try to take into account the interests of both progressive crypto-enthusiasts and the conservatives of the modern world. Therefore, we introduced a smart system of payment services - Bookmap Smartpay.

Part 5: Bookmap Smartpay
A smart payment system that will allow you to accept payment in BKM tokens and combined token/euro payment (or other fiduciary currency). In the personal cabinet of a car service station there will be an option to set the number of tokens to be accepted when a car owner pays the bill.

Bookmap Smartpay will automatically calculate and award users party to transaction cashback in BKM tokens. Every payment will receive a cashback option that was made using tokens:
• combined payments, which include part of the amount in euros and part of the amount in tokens; • 100 per cent payment in tokens.

The size of cashback will depend directly on the ratio of tokens and fiduciary currency in the transaction. It will be possible to pay for the services through Bookmap only in fiduciary currency (first of all, euro). However, in this case neither a car owner nor a car service station will receive cashback. Thus, we will stimulate the turnover of BKM tokens and gradually increase its value.

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​​TOYOTA BALTIC INTENDS TO COOPERATE WITH BOOKMAP ECOSYSTEM

On October 24, Kirill Prischenko and Viktor Johanson - the founders of Bookmap Ecosystem (Bookmap OÜ) - and blockchain solutions specialist in Bookmap Vadim Vokhmyanin held negotiations with representatives of Toyota Baltic again.

In the Baltic countries - Estonia, Latvia and Lithuania - 190,000 Toyota cars are in operation, of which 90,000 are serviced at authorized workshops of the concern, and 100,000 are serviced at third-party car repair centers. Toyota Baltic representatives are interested in receiving statistics from Bookmap about servicing cars that use the services of unauthorized centers.

The main idea of ​​Bookmap is to combine all car services on one platform. Car repair shops will keep a reliable history of car maintenance and deliver data to Bookmap blockchain. We are holding negotiations with the IT department of Toyota on the implementation of information integration with Bookmap.

Cooperation with Toyota is a huge step towards success and implementation of our ideas. Let's make the car services market better together!

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​​BOOKMAP INTRODUCED TWO-FACTOR AUTHENTICATION

One of the priorities of the Bookmap ecosystem is security. We try to protect our users as much as possible, so we implemented a two-factor authentication system.

Two-factor authentication, or 2FA, is a user identification method that uses two different types of data. The introduction of an additional level of security provides a more efficient protection of your account from unauthorized access.

This allows you to install another obstacle in the way of hacking into the Bookmap system account. We ask all registered users to log in to their personal account and set up two-factor identification.

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