VOLUM: THE NEEDED SUPPLY CHAIN INDUSTRY BASED ON BLOCKCHAIN

aaaxpress (33)in #crypto • 5 years ago

The advent of blockchain technology has made many things possible such as the transfer of digital assets on a peer-to-peer basis without any Intermediary, which then results in a cost-effective process.
Furthermore, blockchain technology made possible the world of decentralization thereby empowering users to be the masters of their personal data. Another possibility made possible by blockchain technology is the use of smart contracts. With all these possibilities within blockchain technology, it has succeeded in disrupting this current era be it in finance, sports, e-commerce etc.
Thus owing to the possibilities within the blockchain, a group of experts aims to create a blockchain platform with the capacity to revolutionize logistics and supply chain industry. A platform known as VOLUM.

VOLUM is a blockchain platform aiming to offer the logistics and supply chain industry which will include the alcoholic beverages industry, global energy market etc with the needed solution to underlying issues.

The question now is what are these issues?
In the supply chain industry, a study has it that most platforms, sectors or organisation lack the best plan to run their business thus ending up disappointing users or stakeholders. Another issue is, most lack of viable products and services in addition to no revenue model at all. A clear look at these issues will show that these platforms failed to deliver owing to the fact they lack the right team.

WHAT VOLUM IS ALL ABOUT

As earlier stated, VOLUM will be piloted by a team of experts thus having what it takes to deliver value to its members, users or stakeholders.
VOLUM will be able to achieve its aims and objectives owing to the fact its business model is based on an equity stake in many platforms with promising products and services which in the long run will deliver revenue.
In the same way, owing to how experienced VOLUM team is, they will be able to offer outstanding services to supply chain industries with the aid of blockchain technology; with this, the platform will result in a flexible, reliable and trustworthy supply chain platform supporting multiple businesses as well as associating transactions.

Why Blockchain Matters

As earlier stated, blockchain has made the creation of many things possible of which VOLUM isn't an exemption.
Blockchain matters in VOLUM platform as it will help the team in creating two ERC tokens such as ERC-20 and ERC-721. The importance of this is that VOLUM will be able to process varieties of transactions as fast and efficient as possible; that is to say VOLUM token will be ERC compliant thus being a utility token and the native token of the platform with which all services are accessed.
With VOLUM token, VOLUM platform will be able to carry out payments, rewards, legal contracts, purchase orders, delivery tracking, Big Data Analytics etc.

Attributes Of VOLUM

With the aid of Ethereum blockchain, VOLUM will have its utility token which will power all services. At the same time with Ethereum smart contracts, VOLUM will be able to sign and execute contracts.
With VOLUM team of experts, the platform will be able to offer companies organizational skills so as to serve their users well.
Since VOLUM utilizes Ethereum blockchain it will be able to equip companies to Track, Route, Identify as well as Source data activities within their supply chain. In addition, with the immutable nature of the blockchain, all data will be saved on VOLUM platform thus being trusted and reliable.
VOLUM platform will be created in such a way that it will operate as a central location of companies supply chain operations, thus making it possible for them to carry out various transactions. Through this way, VOLUM platform will make it possible for these companies to grow to a global market while having control of their supply chain operations.

CONCLUSION

VOLUM being based on blockchain will be able to create an ecosystem which will satisfy the needs of farmers, manufacturers, distributors, governing agencies, taxing authorities, financial institutions, IoT and EoT data collection and storage etc.
VOLUM will be solely based on Business-to-Business model where services will be accessed with the native token.