The main task of Open Enterprise Logistic (OEL) is to create a brand new, advanced blockchain-system of logistic communication meeting all the requirements of the 21st century.
Standard container shipments that "took off" in the mid-20th century changed only the technical part, accelerating the process many times and increasing volumes, but all documentation is still on paper and the data is handled by operators manually. This problem reduces the efficiency of cargo transportation dramatically and leads to large financial losses of logistics companies.
Intermediaries in the system always negatively affects the pricing. About 10% of the finance spent on logistics goes to intermediaries. Thus, companies are forced to provide third parties who are absolutely not helping the logistics process with well payed job.
The bureaucratic apparatus does not allow to provide fast and reliable delivery, paperwork is a long and expensive process. For some categories of goods, such as medicines or food, this is unacceptable.
The absence of a unified freight monitoring and tracking system entails multimillion-dollar losses for companies dependent on transportation. The fragmentation of local transport and warehouses, their lack of common information infrastructure leads to opacity and complexity of management.
OEL Foundation Solution
OEL works in the B2B sphere and sees its role in uniting various participants of the logistics process in the common ecosystem, moving away from paperwork to using blockchin and eliminating intermediaries.
The OEL platform blockchain provides transparency and security in the entire supply chain. Thus, all actions inside the system will be recorded in the blockchain and can not be faked or hidden. It becomes possible at any time to audit and check the operation of each element of the system. The OEL decentralized platform allows you to conduct secure transactions and manage them through smart-contracts.
The system is developed by Open Port company, which has already built a successful business in logistics and has a clear understanding of all the troubles of this industry. This fact tells any investor about the reliability and potential of the project, because the presence of an extensive client base and experience in a particular area gives a serious bonus to any idea at the start.
OEL Architecture
- The OEL Foundation consists of three components: the platform, the protocol, the network.
- The system's architecture is optimized for:
- Reducing costs and maintaining a constant transaction processing speed.
- Ensuring security of storage and processing of companies' confidential data.
- Rewarding participants for information exchange.
- Open joint management and standardization of work processes.
OEL platform includes management and business analytics tools, which will allow companies to optimize their work, provide maximum performance and scalability.
The OEL protocol provides the basis for the operation of decentralized applications (dApps), directly connecting senders and recipients of goods. This will save companies from the need to pay for expensive and not always justified services of intermediaries.
The OEL network has a hybrid structure, so in addition to the root chain, it includes multiple sidechains. It can also provide interaction with third-party service providers that use their own chains, so it can handle cross-blockchain interaction.
OPN Token
The platform will use the special ERC-20 compliant OPN token created on the Ethereum blockchain. This will allow to get rid of paperwork.
The project will issue tokens and sell them in two stages. The first phase is scheduled for the third quarter of 2018, the second - for the second or third quarter of 2019.
Logistics is a key element in maintaining economic and social stability in the world. The creation of a fundamentally new original platform will revolutionize the industry. An experienced team, already running a successful business, a revolutionary idea - all these factors favorably influence the project's prospects. Investors can expect a huge profit, because such a fresh and high-quality product can not go unnoticed in a very important economic sector.