Do you have a businesses in the shipping industry? Do you work as a transporter? Then, without a doubt, the number of challenges that come your way becomes higher and higher. Traditional systems of records-keeping (stacks of paper documents) cause most of the times proof-of-delivery severe disputes, significant delays in the payment cycle and grant zero-visibility, among other problems. Can you implement a solution to all of these issues? Read in today’s article what the answer to this question may sound like:
A bold step for an entire global industry
Introducing OpenPort - a set of revolutionary blockchain logistics solutions. This project aims to guarantee total trust and transparency for everyone, ensured and incentivized. As a multinational digital logistics provider, OpenPort already delivers supply chain transparency to some of the largest companies of the world. Thus, this platform manages to create direct relationships between shippers and transporters; at the same time, their open source blockchain protocol provides an irrefutable records of events. How detailed can this be, you may ask yourself? Well, it stores all data starting from the pickup points until final delivery.
In doing so, OpenPort manages to maximise security, trust and traceability. With OpenPort’s Logistics Protocol and platform, businesses will be able to know precisely what was delivered, when and by whom; moreover, participants will continuously be repaid for sharing the information that matters and connect the movement of goods with payment for improved cash flow.
Understanding the context and the replication method that will be further used
To implement these features, the OPEN ENTERPRISE LOGISTICS FOUNDATION (OEL Foundation in short) has radically transformed the approach of OpenPort. The results are what we just presented in the previous lines. Moreover, this is not a single phase or action. The foundation wishes to promote this open source protocol so that other distributed applications (dApps) cand operate to provide a better connection between shippers, transporters and other stakeholders).
Find out more about the Token Generation Event
At the core of OpenPort, creators have placed the OPN token - a utility token meant to facilitate all operations on the blockchain (from smart contract validation, offering incentives for users to share information inside the network, to operate as a point of access and stake). The first phase will soon be open to the public, while the second phase is set to be launched in 2019.
Can this platform make supply chain simpler and more efficient? Feel free to visit https://oel.foundation right now to convince yourself and find answers to all other questions regarding this project! Also, make sure to watch the introductory video, access the downloads section of the website and download the latest version of the white paper. This updated document will offer valuable insights regarding a multitude of aspects that describe the current state of the logistics industry and present the technical details of the OEL Foundation’s project: the tokens’ role and distribution, the architecture of the platform, the development methodology, the complete solution and use cases.