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[CUBE] Notice on the Whitepaper Updates | 큐브 백서 업데이트 알림

We inform you that there has been some changes to our whitepaper from official website:

1. The "Expansion of Project Scope" section has been added.
- To reflect our commitment to creating value for token holders by expanding the use case of Cube tokens, we have added a section on ongoing projects and a section on token economy.

2. A new "Appendix" section has been created.
- Much of the technical aspects, including Synapse, have been moved to the "appendix" section to increase the White Paper's readability.

3. In addition, we ran a basic editing to correct typos

Click here to check out whitepaper

(Below is the same content in Korean.)

안녕하세요, 백서 상 약간의 수정사항이 있었으며 이에 따라 큐브 커뮤니티 회원분들께 안내 드립니다:

1. "Expansion of Project Scope" 섹션이 추가 되었습니다.
- Cube 토큰의 사용 사례를 확대하여 토큰 홀더들에 대한 가치창출을 하겠다는 당사의 의지를 반영하기 위해 현재 진행 중인 사업들에 대한 내용과 토큰 이코노미에 대한 섹션을 추가하였습니다.

2. "Appendix" 영역을 신규 생성하였습니다.
- Synapse를 비롯한 기술적인 부분의 상당 부분을 부록으로 이동하여…

Peer-to-peer car sharing: avoiding the hidden risks

Economical, accessible and private, car sharing is fast-becoming a popular means of getting around comfortably, for those who find it more convenient to borrow a car rather than own one. In fact, 6 million individuals are already using communal cars and that figure will top 18 billion by 2025. 

But for peer-to-peer car sharing to become a reality, a secure solution is necessary to protect users from payment fraud and ensure their cars are not damaged or stolen. The best answer is a mix of connectivity and immutable blockchain security. 

Processing payments safely

Fundamentally, peer-to-peer car sharing is a business deal made between strangers. This has many benefits, such as flexibility and autonomy, but its impersonal and informal nature can create opportunities for fraud. So to keep transactions secure, an incorruptible processing method is vital — which is exactly what blockchain provides. 

Originally designed as a secure “trustless” solution for transferring Bitcoin, without the need for a “trusted” intermediary, blockchain verifies digital transactions using a decentralized network of computers and stores them as encrypted blocks of data. Its core security lies in the fact that trust and control is devolved: all computers in the network can see and must validate transactions before they are added, and approve any alterations. 

In the context of car sharing, this means blockchain can prevent payment fraud. With no single point of power over the network or weakness, sensitive data — such as deal terms and financial details — can’t be corrupted or stolen. Plus, by using a blockchain platform, individuals can cut out costly middlemen while staying safe. It’s therefore well-suited to individuals and businesses transacting in the car sharing economy, where verifying credentials can be particularly useful in large-scale sharing.

Ensuring asset security 
For car owners, the incentive to enter the sharing market is clear: by leasing their asset when not in use they can make money. And this model has been shown to drive great results, with the apartment rental version capable of generating up to $144,000 annually. Yet it’s also important to recognize that handing over a valuable asset is inherently risky. Not only could property be damaged without record — leaving the owner to pick up the repair bills — but it may also be lost completely. 

Owners must therefore keep close tabs on their assets by utilizing the security advantages of the distributed network blockchain technology offers, as well as harnesses the insights generated by data gathered from large connected networks. The next few years are set to bring a rapid increase in vehicles equipped with 5G LTW WiFi and, in the meantime, they can connect to the web via dongles such as the Onboard Diagnostic II (ODB II) and 4G. These developments allow owners to remotely monitor vehicles using GPS location tracking, thereby protecting them against unfair claims and enabling faster recovery if theft occurs. 

Car owners may also wish to monitor driving behavior to predict maintenance issues, for example, large data sets collected in the network could help provide insights into upcoming issues the car may suffer. In turn, they can combine this with contextual data such as frequency and weather conditions to optimize servicing, which may be especially useful in large car fleets. For rental businesses, this behavioral information may be useful in improving marketing: whether it’s calculating a tailored quote for insurance for an individual, or helping drivers find nearby services, such as fuelling stations or hotels.

Overall, peer-to-peer car sharing brings many advantages for borrowers and lenders alike. But hidden risks could stall market progress if left unaddressed. To keep driving forward, solutions are needed to ensure the security of users’ data and vehicles – and the best solution is a mixture of improved connectivity and immutable blockchain security.