Volt - Blockchain-based P2P Delivery Platform (ICO Review)

noticierobitcoin (54)in #volt • 6 years ago

About Volt

VOLT is a platform that allows centralized platforms such as Uber to be developed in a decentralized manner and allows direct delivery via P2P. Uber and other models play a central control role as intermediaries and receive a fee of 20% or more. VOLT's P2P Direct Deal model is an efficient model that aims to eliminate brokerage fees by reducing direct costs to customers and couriers to less than 5%, or even in the hope of eliminating them altogether.

The existing delivery model is a centralized model, with a system called Hub & Spoke. This centralised model, which includes DHL, has dominated the delivery market worldwide. However, the centralized model cannot meet the requirements of same-day delivery. VOLT is a blockchain-based P2P delivery model that solves the limitation of same-day delivery more than existing models.

The VOLT platform uses technologies that make the delivery system easy to use, fast in time and without hidden fees. The old companies for the delivery of goods used obsolete methods using unnecessary links, personnel who needed to pay and create working conditions.

VOLT eliminates the involvement of intermediaries to a minimum, to reduce personnel costs and their costs of shipping and receiving goods.

Using the services of the VOLT platform, you can track the movement of your package in real time by looking at the gadget or monitor screen and viewing information about the courier service that took your order. The VOLT platform can operate without a physical centre and deliver parcels, goods, etc. in a straight line, thus avoiding warehouses to place and redirect parcels.

Characteristics of the Platform

Decentralization

One of the main features of this project called Volt is that it is a decentralized platform. There is no brokerage or brokerage, which leads to lower cost offered to customers, and also maximizes courier profits.

Transparency

Another important aspect of VOLT is that they offer a transparent environment. All customers and couriers or shipping companies benefit from privacy and transparency of costs and expenses.

Safety and security

One of the most important premises is this aspect, because it is confirmed that a secure payment system that allows two P2P entities to send and receive money held at Token Volt until after successful exchanges of service between the two parties.

Why Use the Platform Services?

Many similar models play the central control role as mediators and receive a reward of 20% or more. The VOLT P2P direct bidding model is an effective model that aims to reduce brokerage fees by reducing direct costs for customers and couriers to less than 5%, or even expect to eliminate them altogether.

The existing delivery model is a centralized model with the Hub & Spoke system, including DHL, which dominated the global supply market. However, it cannot meet same-day delivery requirements.

How does it work in the marketplace?

Volt's business model connects customers and messengers, and provides customized algorithms using Big Data and an appropriate system that uses intelligent contracts to facilitate service delivery. Customers need Volt coins to use this service.

When delivery of food, goods, shipping distance, time taken, taking into account the weight of the goods will be determined according to the amount of difficulty of work. We call this work unit "Jula". For example, if the customer wants to send the item to a point called 2 km away and needs 600 Jula, and 1200 Jula is required to send the same item to point B 6 km away. VOLT is developing an optimal algorithm to calculate this amount of work and will introduce the lowest auction system (auction) for some special shipments.

VOLT coins are required for the purchasers of the service to request delivery. That is, to request some performance from Jula, the corresponding VOLT currency is used. This ratio of Jula to VOLT coins is not always constant. The first coin ratio from Jula to VOLT starts at 1:1. The relationship may change according to the market price.