Dafzo (DFZ): Decentralized global logistics platform

One of the biggest issues within the Logistic industry is it handles a pile of data in the old-fashioned, centralized way, and requires unreasonable staff overage. Logistics Industry operates in different locations i.e. different jurisdictions, handling a single supply chain for a single product could pose a nightmare for a beginner, and a serious pain in the stem for even a seasoned logistics expert.

Due to a centralized system, it’s not possible for logistics companies to track record of every movement of their transportation and connect with the receiver at the same time for delivery. Due to this gap receiver often slip window time for its delivery that causes inconvenience, delay of delivery and additional cost to logistics companies for re-delivery of the consignment. Even today logistics companies are struggling with innovate methods for express delivery and 24 x7 support for pick up and drop.

Another problem is, currently International sales i.e. import and export are done in the traditional method import and export are done in traditional method via the centralized banking system.That involves a substantial high fee, a complex method of handling Bills of lading & Letter of credit, other paperwork resulting in delay payment and possession of goods. 

From dispute resolution to order tracking and payment efficiency, blockchain has the answer to the problems that have been plaguing the Logistic industry for decades. 

Introduces you to Dafzo. Dafzo is a decentralized Global P2P Logistics Platform. Dafzo aims to solve the problem of traditional Logistic industry system. Dafzo works on Blockchain with the combination of smart contract, Artifical Intelligence, cognitive science and Machine learning methods to offer robust and advanced security layer of logistics ecosystem.

Dafzo will support multilateral trade and an e-market that has a Mobile App payment wallet, accepts cryptocurrency payments and includes a decentralized notary timestamp system.  As a countermeasure towards fraud and other security issues, as well as the need to enhance efficiency, Dafzo employs the use of Ethereum-based smart contracts.

Utilizing smart contracts on the blockchain's immutable ledger, Dafzo allows International Trade finance, Global e-commerce logistics and consignment forwarding system bypassing expensive third party (including the bank) and geographical barriers in the market. The smart contracts will allow approvals and customs clearance can be quicker and more efficient, reducing processing times for goods at customs checkpoints. 

In order to solve the problem of current traditional Logistics industry, Dafzo solution will provide numerous features include in:

• Patent International Trade Finance technology” system which stands for fully automated International Trade Finance Clearing system.
• Decentralized logistics aggregator ecosystem with borderless e-commerce marketplace at a low price.
• 24x7 within city Express delivery system
• Global P2P custodian & partner programme
• Contribution liquidity & benefits.

In Addition, the Dafzo decentralized Global P2P Logistics Platform has issued its own cryptocurrency coin namely the Dafzo Coin (symbol: DFZ). The token is based on the ERC20 smart contract. The DFZ will be used as following usage:

• Paying for the logistics services
• Payment to Custodians (near future)
• Payment to issue Letter of Credit
• Book shipment for import export to deliver goods
• Use on Business partner platform to book shipment/delivery

Token Usage

The Dafzo token maximum supply is 70 million DFZ. The token wil be distributed in the following manner: ICO Token Sale 65%, Company Reserve 20%, Advisers 10%, Referral 3%, ICO Bounties 2%.

For more information about Dafzo and its DFZ token, you can visit the company Website at: https://www.dafzo.io/, or visit their Whitepaper online at: https://www.dafzo.io/assets/Dafzo.io.pdf

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OEL Foundation's Token Generation Events

Open Enterprise Logistic (OEL) Foundation

The lack of direct control over the logistics of supply like shipping destinations, timetables and even a lack of systems to maintain a constant measure of inventory mean that developing countries can end up racking up fines that could have been avoided with a smarter system.

A smarter system is precisely what OEL wants to make readily available to these countries. With their open-source Enterprise Architecture, the system provides developing nations with a step up in improving their transit system.

OEL's system provides users with greater support in shared-use cases allowing members to collaborate and incentivize innovation.

The Open Enterprise Logistics (OEL) Foundation is a non-profit organisation providing governance and resources for the development of the OEL blockchain ecosystem. The OEL ecosystem is comprised of the open-source OEL Enterprise Architecture, OPN Token and members of the OEL Alliance. A global initiative headquartered in Hong Kong, the Foundation promotes innovative blockchain technologies for enterprise logistics applications.

The Foundation is building an open source decentralised smart contract infrastructure for logistics applications. It is optimised to satisfy four key criteria:

• Low cost and consistent transaction speed
• For scalability
• Data confidentiality
• For enterprise grade applications
• Reward data sharing
• For bridging the gap between the physical supply chain and the decentralised ledger
• Open collaborative governance
• For ensuring the standards required for all participants in the supply chain

OEL's Enterprise Architecture is powered by the 'Open' (OPN) Token, which acts as a utility token providing the following roles within the system:

• Fuel smart contract validation - Validation by nodes under a nPoS mechanism
• Micro-rewards - To incentivise and reward active and passive data-sharing by participants in the supply chain
• Point of access - To manage authorization, participants require a given number of tokens to push, be party to or receive information on the network
• Proof of Staken - PoS is required to run nodes and confirm identity

OEL's OPN scheduled for public sale on two phases of Token Generation Events. Both of which are between late 2018 and early 2019.

OPN Token Generation Event

There will be two token generation events for the OPN Token, the first phase of the token generation event (TGE Phase 1) will occur in Q3 2018 and the second phase of the token generation event (TGE Phase 2) will occur in Q2/Q3 2019. OPN Tokens issued during the TGE Phase 1 will conform to the ERC-20 standard.

PHASE 1

Target: Public

Offering: ERC20

Location: In jurisdiction vetted by legal

Price: 0.5 USD/OPN

Raise Amount: Approx. 5,000,000 USD

Per Person Limit: 200–25,000 USD*

PHASE 2

Target: Public

Offering: New Protocol Token when Main Net is ready (H2 2019)

Location: In jurisdiction vetted by legal

Price: As determined by auction/market price at the same time

Raise Amount: As determined by auction/market price at the same time

Per Person Limit: 200–25,000 USD*

The TGE Phase 1 shall be comprised of a private purchaser pre-sale and a public purchaser main sale. Upon implementation of the OEL Foundation main net, TGE Phase 2 will take place as a public sale in 2019. This sale will comprise an issuance of new tokens at the then prevailing market price and, if relevant, an issuance of replacement OPN Tokens for holders of ERC20-compliant OPN Tokens.

Participants in OPN Token sales will undergo screening processes to comply with KYC/AML (Know Your Customer/Anti-Money-Laundering) regulations of vetted jurisdictions.

TOKEN SUPPLY

OPN Token supply is fixed at 100,000,000 tokens with initial distribution in TGE Phase 1 and Phase 2 in Q3 2018 and Q2/Q3 2019, respectively. The intended token distribution is shown below:

MORE INFORMATION ABOUT OEL FOUNDATION:

WEBSITE | ANN THREAD | WHITEPAPER 

 TWITTER | FACEBOOK | TELEGRAM 

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