CarMax collaborates with UVeye to automate inspections at Wholesale auctions.

Dallas, January 24: CarMax will use UVeye technology to automate vehicle inspections across their wholesale network.

Pritish Bagdi

Courtesy: UVeye official

CARMAX, THE NATION'S LARGEST RETAILER OF USED CARS AND ONE OF THE LARGEST USED-CAR WHOLESALERS, HAS JOINED FORCES WITH UVEYE TO PROVIDE AI-ENHANCED CONDITION REPORTS FOR AUCTION BUYERS.

Since 2021, CarMax has been a strategic investor in UVeye. The companies have been collaborating on new ways to improve used-car auction processes. During the previous fiscal year, CarMax's wholesale division sold over 700,000 vehicles.

Under a licencing agreement with UVeye, CarMax is implementing industry-first inspection technology for its wholesale business operations.

UVeye systems detect issues ranging from worn tyres and sheet metal problems to underbody damage by utilising artificial intelligence, machine learning, sensor fusion, and high-speed camera systems.

In 2020, CarMax will move its auction sales online. In a remote-first world, capturing high-quality imagery is critical to providing buyers with as much information about each vehicle as possible. UVeye systems have already been installed at several wholesale locations, and the company intends to roll out UVeye technology throughout its wholesale business.

CarMax will use UVeye vehicle scans to inspect vehicle exteriors, undercarriage components, and tyres in order to quickly produce online user-friendly reports with high-resolution photos. CarMax's systems will also be able to detect issues such as frame damage, missing parts, and fluid leaks, as well as brake and exhaust-system problems.

“UVeye is on a mission to standardize automated inspection processes throughout the automotive industry. Our program with CarMax represents a significant step towards meeting that goal. It’s a true privilege to have CarMax on this journey with us both as an investor and as a strategic customer. We will continue to work together on providing the best customer experience possible.”

Communiqué by - AMIR HEVER, UVEYE

Co-Founder & CEO

“CarMax’s purpose is to drive integrity by being honest and transparent in every interaction. Our partnership with UVeye allows us to further this mission by providing dealers with highly detailed imagery on auction vehicles online." Communiqué by - DAVE UNICE, CARMAX

#thecommunique #tc #tcn #UVeye #Carmax #future #AI #Digitalfuture #worldnews #lifestyle #metatainment

Blockton Blockchain is an open-source,high-throughput blockchain.

New York, January 20: All historical technological breakthroughs were the result of existing problems. This assertion is supported by the numerous inventors who have created devices such as smart boards, aeroplanes, and automobiles throughout history. These devices were created to address critical societal issues. Since the industrial revolution, the trend has not slowed, but rather has continued to grow.

Finance is an important part of society and has changed dramatically. Blockchain technology is reshaping global financial systems and structures. The mainstream acceptance of cryptocurrencies is growing rapidly. We now have cryptocurrency-enabled online payment gateways and crypto-automated teller machines (ATM). This financial disruption will continue until cryptocurrencies are accepted as a global standard.

Despite this advantage, tokens still require platforms that facilitate trading and swapping. Dapps, DEXs, and Smart Contracts were created to ensure the security of every transaction. It was intended to create a user-owned and controlled ecosystem that is independent of central governance. This design adheres to the original concept of cryptocurrencies and provides a safer and more secure method of ensuring that all assets are under the control of users.

These concepts are limited by the fact that different blockchains lack interoperability. These are a significant step back because users must use multiple DEXs or Dapps to trade tokens. Blockton is upping the ante. Blockton is developing an ecosystem that can transcend the limitations of restricted/native blockchain. This will provide users with cross-chain access and real control over a diverse range of tokens in the crypto ecosystem. This platform is intended to give users more control over their crypto assets while also providing increased security. Scams involving micro DEXs or dApps will be reduced. Users can trade, swap, or convert tokens across multiple EVM compatible chains using the Blockton platform.

Ethereum, Binance Smart Chain, Polygon, Fantom, Arbitrum, and OKEx Chain are among the supported chains. Blockton is a Layer-7 EVM Blockchain Platform focusing on DeFi, GameFi, and Metaverse. It is a PoW Blockchain with Staking and Liquidity Mining. As a result, it is a better alternative to PoW Ethereum. Blockton is a Blockchain Platform that is Scalable, Sustainable, and High-Performance. It is fully compatible with EVM, allowing developers to quickly create scalable, user-friendly dApps. Proof of Work (PoW) is used by Blockton to ensure true decentralisation.

High Performance Blockton can currently process 300,000+ transactions per block while maintaining security. It can adjust transaction and block sizes based on network load and usage. The current block time is 3.1 seconds. There are no fees. Blockton was created with the goal of keeping transaction fees as low as possible in perpetuity. Users do not have to be concerned about rising gas prices. Everyday use of Blockton is simple.

For more information, visit the official website at www.blocktoncoin.com.

Blocktonscan - www.blocktonscan.com

PNN has provided this story. TC accepts no responsibility for the content of this article. (TC/PNN)

#thecommunique #tc #tcn #metatainment #meta #blockchain #NFT

L'Oréal contributes to a startup in the metaverse Digital Village

Beauty giant L’Oréal has announced a minority investment in metaverse platform and NFT marketplace Digital Village through its venture capital fund, Business Opportunities for L’Oréal Development (BOLD).

Pritish Bagdi

The investment will be the first of its kind by L’Oréal in the metaverse and Web3 space, as well as the first to be part of its recently launched BOLD’s Female Founders initiative.

“As L’Oréal continues to explore and define what beauty means in Web3, we seek to work with the most promising startups who adhere to the highest possible visual and technical standards,” said Camille Kroely, chief metaverse and Web3 officer at L’Oréal, in a release.

Kroely added: “We are excited to be partnering with Digital Village, whose solutions will be powerful enablers for our brands and whose ideals of sustainability, accessibility and interoperability in the metaverse or Web3 are ones we share.”

Launched in 2021, Digital Village is operated by an international team spanning the US, Europe and Asia, offering scalable technology solutions for the creation and interaction of digital identities.

Among its members, it counts founder and CEO Evelyn Mora, who was also behind the creation of Helsinki Fashion Week, as well as top executives from Pangaia and open-world platform The Sandbox.

Speaking on the investment, Mora said: "We are excited to be backed by BOLD and look forward to collaborating with L'Oréal to revolutionise the beauty industry through the creation of cutting-edge virtual experiences for L'Oréal's renowned brands.

“Together, we are setting the bar for beauty in the metaverse and Web3, pushing the boundaries of what is possible and setting a new standard for the industry to follow.”

#thecommunique #tc #tcn #metatainment #loreal #future #NFT #AR #VR