Autowelt 1.1

AUTOWELT.IO
4 min readSep 30, 2022

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Mission -

Autowelt is here to disrupt how we interact with our cars and everything around them. Making users adapt to modern car ownership plans and increase the ease of movement in today’s globally connected world using blockchain technology.

Product at Glance -

Introduction to the Autowelt Ecosystem -

Autowelt is a web-based platform allowing users to fulfill their automotive needs globally through various services. The platform can be operated using a mobile phone-based application and a more incredible gamified interface on desktop and handheld computers.

The blockchain functionality is designed using Polygon SDK, with only Matic, USDC (Circle) and BNB being the primary forms of payments accepted along with FIAT-based currency.

Company Goal -

We at Autowelt aim to bring 70% of global car owners onto our platform for their everyday automotive and transportation needs by challenging the traditional method of car ownership and international transport with much more transparent blockchain technology integration and P2P marketplaces.

By Q2 2030, More than 2.3 Billion people would be using the Autowelt ecosystem to do the following -

  • Buy and Sell Cars.
  • Rent Cars.
  • Learn how to drive and secure driving permits.
  • Global Road Simulator Access.
  • Real-time Fleet Management and Data Collection.
  • Wear and Tear management / Maintenance of Cars
  • Customising their Cars and Modification Needs.
  • Global Garage Management and Ownership transfers.
  • NFT-based recreational access to motorsports and training.
  • Renting out commercial/professional vehicles without hassles.
  • Part of the world’s largest ecosystem is aimed at transportation and automobiles.

Product in Depth -

Autowelt Marketplace -

Autowelt Marketplace is a web-based marketplace where users can interact with sellers and buyers to buy or sell their automobiles. The marketplace is powered by a live self-inspection app with over 1200+ checkpoints to determine the fair value and condition of the vehicle. In addition, users can visit their nearest Autowelt partner for instant payments and faster processing.

Besides the usual car trade, Autowelt Marketplace also allows the users to manage their vehicle spares, enabling P2P trade using autowelt-based courier services and a wide variety of partners globally. By doing this, we not only open up international markets to local players limited by technology but also promote upcycling components and a fair-trade system that removes faults like counterfeit parts, damaged components, demand-based pricing and delivery timelines.

Our marketplace will connect an average user to at least 200+ local options and 20,000 international vendors for sourcing their automobile and automotive parts.

Staking-based ownership -

Autowelt is set to revolutionise global car ownership with its staking-based ownership program, allowing you to freely travel the world without worrying about your personal automotive needs. The staking program will enable users to stake a particular value of AWT (Autowelt Tokens) that can be redeemed by depositing Matic, USDC and BNB tokens through our platform and converting them to AWT Tokens while giving them access to Autowelt’s global fleet of vehicles. Based on their location and budget, the user can then select his vehicle of choice from the locally available Autowelt inventory.

This mile-free and no-rental guidelines allows users to use the vehicle freely. The company continues to provide free essential maintenance and routine check-ups. If the customer decides to return the car, re-evaluation is based on our internal depreciation index, and the user’s staking contract is returned to the user. During this process, the user gets interest on his staking principal, which stays locked until the Autowelt vehicle is returned to the company through the user.

Organising and On-board Local Businesses for Supply and Distribution -

Supply shortage of spares and unorganised trade practices is one of the major flaws of the traditional supply chain and businesses that operate around Automobiles. A significant reason for this is not being digitised or connected to real-world demands. Because of this, many companies miss out on critical opportunities to supply their existing stock to customers. Autowelt will help bring traditional businesses to connected global markets and help them navigate their sales and storefronts to a more appropriate web3 conversion.

P2P Platform and Forums -

Users are at the heart of what we do at Autowelt. We have a dedicated forum for users to connect, interact and find solutions locally through an interactive platform that supports our marketplace and activities through the system. This forum aims to educate users and bring them to a one-stop entertainment destination for everything automotive. This allows us to get traditional media outlets to a new content stream that provides multiple monetisation streams and harnesses a collective target audience.

Our Motorsport section is another highlight of our P2P Platform, where users can follow, interact and shop from leading motorsport events, teams, facilities, manufacturers and individuals from the Motorsport industry. This node allows us to educate users more about this sport and opens more free and direct participation for content consumption and interaction.

Driving and Racing Simulators -

Post Q2 2025, We aim to launch our open-source driving simulation software that allows users to drive the world digitally and learn how to drive or even practise their skills in real-time conditions simulated across various environments. Furthermore, interested users can further explore the professional side of simulator racing through our academies and participate in Autowelt Circuit (Jan 2026 onwards) and various third-party events.

Along with consumer education, We also aim to work with governments globally to implement online learning modules for driving and driving permits for their respective territories, thus further simplifying the process and making it more accessible everywhere.

Car Culture -

Autowelt aims to bring you the best of global car culture, allowing users to catch up on events and interact with communities globally. In addition, users would be able to experience curated automotive experiences, which can be accessed using staking programs and AWT Tokens.

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AUTOWELT.IO
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Autowelt is a global car dealership, sales and servicing tool that allows users to manage their transportation and vehicle ownership.