Zetochain – An End to Supply Chain Huddles.

in #cryptocurrency6 years ago (edited)

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The supply chain industry, makes distribution happen and is controlled by players all over the globe. The process, most times is time-consuming and very slow due to some regulations which have to be met.

Zetochain first of is a supply chain ecosystem built on blockchain technology to enhance the supply chain industry. Zetochain aims for a more easy and scalable supply chain experience through the provision of a means of payment to help combat the issues of payment delay as seen in the supply chain today. This step will help fasten the distribution of goods and bring about the consumption of quality goods by individuals.

Zetochain will drive mass adoption of blockchain technology in the supply chain industry through its strategy which will enable developers who have no knowledge of blockchain programming and coding to be able to deploy and integrate blockchain technology to their business. This act alone by Zetochain, will see that many supply chain enthusiasts will adopt blockchain and scale their supply chain career more. This will both bring about the mass adoption of the blockchain technology and also a more transformation in the supply chain industry.

The inherent problems of data duplication, poor shipping temperature conditions, the high cost of shipment services, delays during shipping due to paperwork, is what Zetochain tends to address. By integrating the blockchain technology, the problem of data duplication which is most commonly seen today in the supply chain industry will be done with. As the blockchain technology will keep track of every record and it can easily be verified when needed.

The delayed shipping due to paper works will also be eradicated as the Zetochain project will be using the smart contract to execute trades between the parties involved. Delay payment will be over likewise and enhanced fast payment option will be achieved through the use of Zetochain token for payment. This is so because blockchain transactions are both time saving and relatively cost-effective when compared to the traditional payment methods today. Payment within two countries will also be fastened and global trade will be encouraged as some over the counter payment limitation will be removed by the Zetochain project, the blockchain technology will enhance accurate record keeping.

Zetochain not only enhances the supply chain industry but it is also taking into consideration the items which are shipped such as food items and pharmaceuticals. There is a quest for a fresher food items and high-quality pharma products. Due to the distributed ledger of the blockchain, parties involved in the process of the supply chain will be able to verify data and keep track of it. As everything on the blockchain is as well immutable, this will enhance the trust between the parties involved and accelerate the supply and logistics process.

Zetochain blockchain will be a proof of stake blockchain, proof of stake will be used by the Zetochain ecosystem to achieve consensus and master-nodes will be required to handle requests and storage of data. Zetochain ecosystem token will be known with the ticker ZetoToken, it is an ERC-20 utility token which will be used as an authentication mechanism. Zeto Token will be used as a means of access to the Zetochain platform for both the purchase of developer tools and payment of services within the Zetochain platform. Zeto is the access key to everything in the Zetochain platform and without it, a user can not have access to the platform.

Zetochain ICO Details

Zetochain is holding an ICO process in order to raise money and continue the development of the project, the sale period is timed between September 3rd – 28th 2018. The tokens issued is an ERC-20 compatible and is deployed on the Ethereum blockchain. Total supply is capped at 340m Zeto Tokens, 150m will be available for the token sale event. 40.8m Zeto Tokens will be available for the pre-sale and 8.5m is allocated to the bounty campaign. Private investors are accrued to 24.7m Zeto and 116m Zeto is reserved for Zeto. The starting price is pegged at 0.1$ per Zeto Token.

OFFICIAL LINKS

Website: https://zetochain.com/
ANN Thread: https://bitcointalk.org/index.php?topic=3219785
Whitepaper: https://zetochain.com/static/docs/ZetoWhitepaper.0aaa18e97dbb.pdf
Telegram: https://t.me/zetochain

My Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1016770

ETH WALLET: 0xfb3EC7D9cdCaBb656C3779df245Ab0dD4809366c

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The supply chain on a daiy basis is faced with multiple challenges it is good seeing that there are some measures to combating this challenges.

Yes and this measures such as Zetochain is promising a long term solution not one that is short lived.

I will return the favour

It's widely recognized that the shipping industry is among the most inefficient industries in the world despite the introductions such as container shipping. Billions are lost through outdated and uninovative systems which have no place in the 21st century. Zetochain could put an end to this and bring forth a great new era.

Great article @emilyearl, very well done.

A comment on my latest article would be greatly appreciated.
https://steemit.com/cryptocurrency/@salmanmiah/introducing-the-ubbey-box-storage-solution

That is the major reasons for such projects, putting an end to all the inefficiencies as seen on the shipping and container industries.

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