VOLT is a platform designed to provide direct P2P delivery
All Goods Moving With VOLT
VOLT is a platform that allows centralized platforms such as Uber, to be decentralized and allow direct delivery via P2P. Uber and other models play the role of Central Controller as an intermediary and receive a fee of 20% or more. The P2P VOLT direct transaction model is an efficient model that aims to eliminate brokerage costs by lowering direct costs to customers and couriers, to less than 5%, or even in the hope of eliminating completely. The existing delivery model is a centralized model, with a system called Hub & Spoke. This centralized model, including DHL, has dominated the worldwide shipping market. However, the centralized model can not meet the shipping requirements on the same day. VOLT is a blockchain-based P2P delivery model that completes the same day delivery restrictions more effectively than existing models.
features
Same Day Delivery
Same day delivery VOLT shorten delivery time to 1-5 hours, while 1-3 days in existing online shopping center. Hub & spoke is a system that collects all the items to be shipped, grouped them, and then delivered to the destination. This means that any package that will be shipped from 32nd Street to 54th Street in Manhattan, NY will be sent to Delaware for classification and shipped back to Manhattan. This is time consuming and also leads to huge warehousing costs.
To overcome this inefficiency, a courier located near the 32nd street only collects what will be sent nearby and sends it as P2P so it can be delivered within a few hours.
There are various regulations and requirements for shipping service in every country and region. However, technically there is no way to set the VOLT user. Therefore, VOLT users do not need to spend time and money to comply with these regulations.
VOLT concept
Decentralization
VOLT is a decentralized platform. There are no brokers or brokers, leading to lower costs offered to customers, as well as maximizing profits for messengers.
Transparency
At VOLT, we offer a transparent environment. All customers and couriers or shipping companies benefit from privacy and transparency of costs and expenses.
Security
A secure payment system that allows two P2P entities is confirmed to send and receive money stored in Token VOLT until after successful service exchanges between the parties.
Same Day Delivery
Same day delivery VOLT shortens delivery time to 1-5 hours, while 1-3 days in existing online shopping center. Hub & speaking is a system that collects all items to be shipped, grouped, and then delivered to destination. This means that every package that will be shipped from 32nd Street to 54th Street in Manhattan, NY will be sent to Delaware for classification and sent back to Manhattan. This is time consuming and also leads to huge warehousing costs.
To overcome this inefficiency, the couriers located near the 32nd street only collect what will be sent nearby and send it as P2P so it can be delivered within a few hours.
VOLT FOR MESSENGER
Messengers can set various fields including area, price, available my preferences that upload to smart contract. This enables efficient matching between customers and couriers through preferences and availability. Provide benefits to the messenger that someone can work in an area they like, and can collect many customers in the area. In addition, envoys may receive higher earnings because the brokerage commissions are reduced.
This can be a consistent income for people who are old or old, for example. The couriers will be able to choose their own delivery radius, which means they can use cheaper means of transportation, such as subway, bicycle, or just on foot.
There are many regulations and requirements for delivery services depending on the country and region, but because there are no technical restrictions that limit the use of VOLT. Customers do not need to spend their money and money to meet the rules and requirements.
- CustomerA delivery request sent to Blockchain
- Messenger accepts submissions according to preferences.
- For prepayment, the customer pays the courier with the credit card before shipping
- For deferred payment, customerpays messenger after the delivery is complete
VOLT produces highly transparent and secure shelters for all concerned, offering customers a refund guarantee and secure transfer of funds for courier. In this system, customers transfer money to smart contracts that process funds to a courier only if the product is successfully delivered and confirmed through an independent oracle via Blockchain.
Market
How it works in the Market
The VOLT business model connects customers and couriers, and provides customized algorithms that utilize Big Data and a suitable system that uses smart contracts for easy 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 in accordance with the number of difficulty of work. We call this work unit "Jula". For example, if the customer wants to send the item to a point called A 2km away and you need 600 Jula, and 1200 Jula is required to send the same item to B point 6km away. VOLT is developing an optimal algorithm to calculate this amount of work, and will introduce the lowest (auction) auction system for some special shipments.
A VOLT coin is required for a service buyer to request delivery. That is, in order to request a certain amount of Jula performance, a VOLT coin corresponding to this is used. The ratio of this Jula to the VOLT coin is not always constant. The ratio of the first Jula to the VOLT coin starts at 1: 1. The ratio is changeable in accordance with the price at the market.
THIRD-GENERATION VOLT P2P DELIVERY PLATFORM
A plaorm
that ulizes
the second-generaon
P2P plaorm,
such as
UBER, increases its cost by 25% due to its centralized server. VOLT's
third-generaon
P2P plaorm
ulizes
Blockchain's decentralized system to decrease the price by25%, eliminang
the intermediaryoverhead.
The decentralized delivery plaorm operates through 2 engines; One is
operated by decentralized ledger, and the second is an automated pricing
calculaon
bythe Arficial
Intelligence (AI).
DECENTRALIZED LEDGER AND MULTI SIG
Tradionally,
when ‘Alice’ delivers a package to ‘Charlie’ through the
messenger ‘Bob’, she relied on the centralized server, thus the server's
administrators managed the ledger. Such ledger-keeping is done with
consideraon
of mulple
overheads; including accounng
department,
profit management department, execuves,
markeng
and PR
department. However, VOLT is not operated through a specific
company's call center, but by a P2P decentralized ledger. It is operated by
automated blockchain technology ratherthan a specific enterprise. Thus,
the delivery ledger is automacally
managed via mul
sig between the
sender, ‘Alice,’the messenger‘Bob,’ and the receiver‘Charlie.’
The next queson
is, what are the costs required to replace the
centralized server? VOLT's delivery system produces a decentralized
ledger depending on the delivery's smart contract. These
decentralized ledgers are shared and the transacon
is processed by
miners that validate the 'Block'. The cost is dropped below 1% of the
total deliverycost as it onlyrequires gas cost in ERC20.
TOKEN FLOW
VOLT’s business model is to connect customers with messengers. The
company strives to provide a convenient and user-friendly service
with customized algorithms and a smart contract-derived matching
system using Big Data. For the customers to use this service, VOLT
Coin is required. When delivering items, the value of the delivery
service is determined according to the distance, me
window and
weight ofthe item. For example, a customerrequires 600 Jula foritem
A to be delivered to a desnaon
2km away (Jula being VOLT’s term
for a unit ofwork), whereas it may cost 1200 Jula forthe same item Ato
be sent to a desnaon
6km away. VOLT is developing an opmal
algorithm to calculate the price and is also aiming to introduce an
aucon
system for special deliveryrequests.
The use of VOLT Coins is required for the customer to submit the
delivery request. To determine the amount of ‘work’ required for each
delivery, we must take into account a number of variables such as
the me
of delivery, the shipping distance, the me
required and the
weight ofthe shipment. Combined, we call this unit ofwork “Jula”. The
Jula to VOLT Coin rao
is not necessarily fixed, and may change
according to the price in the market - but the rao
of the first Jula to
VOLTCoin starts at 1:1.
A customer who requires the service can purchase the coins from the
Exchange. A customer will purchase 100 coins for a delivery service
that costs 100 coins. The customer will pay 100 coins to VOLT then
VOLT corresponds the request to the messenger. Aer
the service is
completed, VOLT transfers 95 coins to the messenger. Approximately
5% of the coin is used as a commission to the company profit. The
percentage of commission is subject to vary and is not constant. The
companysells the coin earned to the Exchange to produce revenue.
The revenue is used to maintain the company or provide dividends to
the VOLT shareholders, but not to the coin-holders. If this process
goes through a cycle, the coin demand will eventually be higher than
the supply from the Exchange, resulng
in an increase in value for the
coins. A combinaon
of algorithms and current coin price will be used
by VOLT to adjust the coin/Jula rate. In the long term, the coin/Jula
rate will increase and one will be able to purchase more Jula for 1 VOLT
Coin. This will consequentlyalso increase the value ofJula.
ICO PLAN
Token: VOLT
Platform: Ethereum;
Cost: 50,000 ACDC = 1 ETH;
ICO: 10/05/18 - 05/31/2018
Total number of tokens: 1 200 000 000 000
Payment method:
The proceeds from ETH token sales will be forwarded to:
60% - further platform development;
10% - operating costs;
10% - Marketing companies
10% bonus program;
5% - Security and auditing;
5% - Compliance with all legal norms.
Tokens are used for platform participant interactions, service payments, and users can not order goods. The acquisition token collected by the commission is exchanged by the company.
The VOLT platform is designed to connect service and consumer merchants directly through convenient services using smart contracts and individual algorithms. The cost is determined by the classical method, depending on the distance and weight of the goods. Courier companies, shipping companies, and customers benefit from using VOLT services. Safe, affordable, and reliable. This is a very interesting idea. We are lacking in everyday life. Take a look at the official website to see the progress of the project during ICO. You can contact the team there and learn more about future plans.
Total Published Token: 4,000,000,000
Total tokens sold: 2,000,000,000
Sales Order: 200,000,000
Pre-Sales: 600,000,000
Public Sales: 1,200,000,000
Merging with other currencies will only be available after the token sale is complete.
ROADMAP
CONCLUSION
Blockchain technology is looking to replace a large number of exisng
technologies and the fastest market in which the exisng
technology
is being replaced by Blockchain is the Logiscs
sector. The reason
behind this is that the exisng
delivery market operated through the
cooperaon
of delivery companies that lack transparency. This nontransparency
has limited the partnership between messengers,
increased the overall price, and has slowed down the delivery. To
tackle these problems, Blockchain technology has provided a method
to secure transparency without infringing on the anonymity of the
customers and messengers. This enables the customer to track the
package without any difficulty, whether a single package is delivered
byP2P, mulple
messengers, orthrough a delivering party. In addion,
Blockchain ensures the messengers and delivering party has to access
the order informaon
without special permission, while in a secure
environment.
VOLT's 2 core technologies are AI and Blockchain technology. In order
to share the benefits with both the customers and messengers, it is
necessary to minimize human intervenon
and replace it with AI
technology. In addion,
to verify that there are no anomalies in the
processes, Blockchain technologymust be employed.
The reason behind blockchain technology gaining steam in the 21st
century, is not only because of its technological superiority, but of its
decentralizaon
and distribuon
of the powers and rights in a highly
centralized society. The developers of early cryptocurrency had
focused on these features of the blockchain, but mulple
projects are
nowmoving to focus on the profitabilityand funding.
VOLT's model will minimize the intervenon
of middleman by
employing AI and will verify the processes through distributed
authority and transparency. VOLT aims to create a truly decentralized
economy.
FOR MORE INFORMATION PLEASE VISIT LINKS BELOW:
Website: https://volttech.io/
Telegram: http://t.me/voltico
Facebook: https://www.facebook.com/VoltTechnology1
Twitter: https://twitter.com/Volt_Technology
by POLENG
ETH address: 0x81a9Abdc9662BD7a285Fb1DA5b03E5Fb5c7a6c9a
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