OEL Foundation — Unified Logistics Blockchain Infrastructure

[Goodcat49]

The introduction of blockchain technology into the sphere of logistics is one of the most interesting of its applications. The modern economy, which, incidentally, is experiencing enormous difficulties in many countries, simply can not exist without clear and transparent logistics.

Whichever business you represent, you will need logistics services. On the other hand, debugging the supply chain to make it work like a Swiss watch is not easy. And even resorting to the services of specialists, large companies incur huge losses of money from the imperfection of existing solutions.

One of the biggest problems in logistics is old technologies such as paper and cash. As a result of lack of transparency of reliable information, there are delays in cash flows and payment disputes affecting shippers and carriers around the world. This situation makes it difficult to maintain liquidity in the transport industry.

What is OEL Foundation?

The Open Enterprise Logistics Foundation (OEL) is a non-profit organization that provides management and resources for the development of the OEL blockchain ecosystem. The OEL ecosystem includes OEL Enterprise’s open source architecture, OPN Token and members of the OEL Alliance.

The creation of a unified infrastructure based on blockchain technology has a number of advantages that you can hardly argue with. Just imagine the scalability and high speed of transactions, which, in this case, once and for all, will save businesses from paperwork, confusion and data loss.

The second important aspect is the confidentiality of data. For the corporate environment, this is simply the most important factor that the existing centralized solutions can not adequately represent.

For ensuring standards required of all participants in the supply chain team is already established and has a successful business that provides its services to a lot of shipping companies with their digital system ePOD (Proof of Delivery) and makes their businesses more efficient and profitable.

A utility token, the OPN Token will fuel smart contract validation, serve as rewards for sharing data to the network, and act as a point of access and stake on the network.

Read more: https://medium.com/@Vladar49/oel-foundation-unified-logistics-blockchain-infrastructure-ee3cfa18cbdf