CarBlock is a decentralized blockchain ecosystem that is specifically designed for future transportation applications just launched, with the intention of addressing the major pain points in the current connected car and transportation industry. CarBlock (CAR) is an Ethereum-based token that powers the CarBlock ecosystem.

Although 'CAR' was the ticker assigned at the deployment of the CarBlock token's smart contract, it is in use by another asset that has a larger market presence and higher trading volume on major exchanges. Due to this association and to avoid confusion in the marketplace, the alternative ticker 'CARBLOCK' has been adopted for this token. This designation is specifically used to ensure that assets are distinctly identified.