Logis : Blockchain Solutions For Tackling Logistics Challenges

in crytocurrency •  3 months ago

Introduction

According to Hines (2004:p76): "Supply chain strategies require a total systems view of the links in the chain that work together efficiently to create customer satisfaction at the end point of delivery to the consumer.

But before the supply chain industry can get to this level that Hines talked about, all hands must be on deck to cut the excesses of the present supply system. Before goods gets to the final consumer, it must have passed through different stages of the supply chain starting from production, transportation, warehouse, wholesale, seller and finally the consumer.

This complex route that these goods has tp take is a thorn in the flesh for freight owners, consumers who are interested in how the goods have being handled, transported and whether they are receiving the correct goods at every point of the supply chain.

This is why there is need for a transparent and efficient system to monitor the movement of goods accross all levels of the chain until it gets to the final consumer who can then get access to this informations thereby building trust along every point of the supply chain down to the final consumer.

The simple solution to all the problems facing the current supply chain is handled by LOGIS blockchain with their transparent schedule and monitoring of all freight deliveries accross all links on the supply chain.

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What Is Logis

Logis is a logistics blockchain platform which tracks and record the entire route that an ordered goods have travelled before they are finally received by the end user

It keeps a transparent and immutable record of all the components of the supply chain such as the logistics information, freight information, vehicle maintenance, the cost analysis of the entire operation, calculate the expected time of delivery and keep tracks of cargo weight.

All this informations will be available to every party in the deal inorder to ensure transparency and be able to resolve dispute easily without the need for exercising legal actions since every details have being registered on the Logis blockchain including transaction history via a smart contract.

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Security and Privacy

The backbone of the Logis Platform is built on the secured blockchain technology which offers security and privacy to its users via its distributive method of storing data. Logis ensures that the users privacy is guaranteed by streamlining the user data to be easily accessible to ONLY the parties involved in the any transaction through the smart contract initiated on the Logis Blockchain. This transactions are managed by all members of the permanent blockchain database.

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How It Works

  • Cargo owners, freight specialist, consigners, wholesalers, consumers, carriers enrols on the Logis platform by first acquiring the Logis coin

  • Cargo owner finds a carrier via the Logis cargo application... A contract is initiated

  • Both parties agrees on the terms of the contract... The blockchain records all this details and makes it available to all parties on the supplier chain.

  • Automatic execution of mutual settlement approved before goods are transported or shipped to the warehouse

  • The blockchain is notified of each events along the supply chain via the sensors and IOTs that will is integrated into the Logis platform to track the movement of goods from one end of the supply chain to another

  • Until it gets to the final consumer, who once enrolled on the Logis platform will be able to view the entire history of the goods........Contract is executed

In case of a dispute, the contract is again initiated to resolve the dispute immediately!

This creates a simple yet trustless system for all the parties involved!

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Full Benefits of the Logis Blockchain

TO THE ECOSYSTEM

Audit capabilities
All transactions can easily be checked to identify if there is anomalies in past trade execution as the blockchain keeps a permanent record of all events.

No hidden settlement
The Logis platform thrives on ensuring that process owners are automatically settled and the blockchain keeps a transparent record of all transactions ensuring that payment process are standardized and optimized.

Smart Contract Automation
Every agreement between all parties on the Logis blockchain is rendered as a smart contract to ensure the integrity of the system. This means that extra cost are avoided in the process.

TO CARGO OWNERS
Cargo owners can easily use the Logis Cargo Application to find carriers at the best prices for the services they provide facilitating interactions of cars and shipping.

Once this happens,A smart contract is initiated!

Other benefits

  • Reduced administrative cost
  • Reduce the number of returns for manufacturers
  • Accurately track inventory
  • Eliminate fraud and counterfeit attempts completely
  • Trust
  • open forecasting.

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Other Possible Use Cases

Drug Enforcement Agency

The drug industry will find the Logis solution quite useful in fighting the war against drug trafficking because any foreign input into the system along any of the supply chain can easily be identified since data at every chain link must correspond with the initial value registered into the blockchain. This could serve as useful tool to track and detect drug traficking attempts.

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Conclusion

Logis platform is re-inventing the way we transport goods through the authenticity of the blockchain leaving little room for humam manipulations while ensuring effective goods delivery.

Logis blockchain will offer a total system view of all the links in a supply chain via effective and efficient documentation.

Check out Logis coin specs below
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Meet the Team

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Roadmap

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Useful Links

Finally made my very first post. Signed up to crypto

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You have a minor misspelling in the following sentence:

This is why there is need for a transparent and efficient system to monitor the movement of goods accross all levels of the chain until it gets to the final consumer who can then get access to this informations thereby building trust along every point of the supply chain down to the final consumer.
It should be across instead of accross.

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