Project Reviews
VOLT is a platform installed on existing centralized delivery platforms, such as UBER, to enable direct P2P delivery. UBER and others who use central control in response and commissions for 20% commissions. The direct P2P VOLT model enables efficient communication between customers and couriers to eliminate, or significantly reduce, commissions by less than 5%.
VOLT based on blockchain technology along with smart contracts, will decentralize the system among the participants, thereby significantly reducing shipping rates for customers. On the other side of the spectrum, Volts will ensure that both courier and shipping companies will maximize revenue at hand. Not only does VOLT ensure the courier earns a higher income, VOLT eliminates the time and technical barriers to allow anyone and everyone involved in the system.
Consumer expectations and expectations continue to rise -
Up to 25% of customers want to pay additional fees for instant delivery. By 2025, the same day delivery of the product is expected to touch a market share of about 25%. By 2018, the last mile logistics and same day shipments are expected to exceed $ 1.35 billion. The main reason behind the rapid increase in the last mile logistics is e-commerce. Logistics Management has explained that e-commerce is expected to reach $ 2.4 trillion this year.
Konsep VOLTS
VOLT's core concept is threefold; Decentralization, Transparency and Security.
Decentralization : VOLT is a decentralized platform. There is no middleman, leading to lower prices for customers and maximum benefits for couriers.
Transparent : Transparency is what VOLT strives to offer. All customers and couriers, or shipping companies, benefit from the use of personal and transparent expenses and expenses.
Safe : A secure payment system allows two P2P participants to be confirmed to send and receive money, held in Token VOLT form, to successful service exchange between two participants (customers and delegates / shipping agents). In addition to providing a safe environment, the system also ensures privacy.
Challenges and Solutions
The delivery service market has grown dramatically around the world and is expected to grow further in the economic sense. However, current market price estimates of delivery services, shipping speed limitations, inadequate quality and uncomfortable interfaces have created large traps. To solve this problem, the VOLT project was developed.
The existing shipping platform is built on Hub & Spoke's central model. DHL and other companies have grown and seized the worldwide shipping service market by applying this model. Unfortunately, these centralized models have limitations in offering "Same Day Delivery". To improve this system and improve efficiency, the VOLT blockchain-based P2P delivery model was developed.
VOLT's core business utilizes Big Data technology. Big Data Utilization by VOLT to automate the system ensures a more user-friendly service.
Imagine a world that allows you to send confidential documents or contracts to investors with just a few touches. VOLT's innovative delivery-demand system will open a new paradigm, introducing another era of convenience .
How VOLTS Works
Charlie lives close to Manhattan, and commutes to Queens. He can check his application that 10 packages need to be sent from Manhattan to Queens. By sending packets directly on the way, the delivery time can be shortened to 30 minutes or less.
The P2P VOLT delivery platform takes advantage of the nearest courier or network between couriers. VOLT has managed to reduce the price and delivery time by implementing this system.
However, VOLT is not operated through a particular corporate call center, but by a decentralized P2P ledger. It is operated by automated blockchain technology rather than certain companies. Thereby,
the delivery ledger is automatically managed via multi-sig between the sender, 'Alice,' the messenger 'Bob,' and the recipient 'Charlie.'
Scenario:
1.) The customer posts the requirements on our platform. The VOLT Token is transferred to a smart escrow contract.
2.) The envoy will apply the work and then bring the parcel to the shipping location.
3.) Once the packet is sent and confirmed by the envoy, the token in the smart contract contract will be transferred to the envoy successfully. Also, the contract will close after successful delivery.
Here, customers can not make changes or revoke tokens in escrow and, also, the messenger can not accept tokens until the job is done.
If there is a dispute, the arbitrator (either Volt or Third Party) settles it on a case by case basis.
Similarly,% commissions will be sent to the VOLT wallet address by a smart contract.
Benefits
The VOLT platform can keep its security stronger than centralized servers. Its core characteristics are all transparent transactions and, through blockchain, all transactional and courier information can not be created. As is typical today with any model like this, a given service rating can be marked to the messenger for all customers to view.
TOKEN VOLTS
A summary of the entire article is that the VOLTS business model effectively connects customers with courier using block chain technology and smart contracting. For this service, VOLTS Coin is used.
For example, customers who need services can buy coins from Exchange. A customer will buy 100 coins for a 100-coin delivery service. Customers will pay 100 coins to VOLT then VOLT upon request by courier. After the service is complete, VOLT transfers 95 coins to the courier. Approximately 5% of the company text as profit for corporate profits. The percentage of commissions varies and is not constant. Companies sell coins that earn to Exchange to generate revenue.
Details of ICO
Roadmap
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