Topic: [ANN]✅ [ICO] Open Packaging Network [ANN]✅ [ICO] - page 9. (Read 3246 times)

I see this is ethereum token. But after platform will it be now a coin or still it is token? U have plan to change token to your own coin?

Very interesting solutions! I'm seeing this project have a great success.

Very grateful for your support. Thanks.

Admin any way I can talk to prototype developer? To know the current progress? And how is the presale ongoing in this bearish market?

Yes please, our platform developer is now in our official telegram group. Please ask your questions there and new Will reply. Also our presale is going very well despite the bear market. Thanks for your support

I can see you have plans for kyc and aml for platform users. But I don't see third party trusted kyc managers or companies in your whitepaper. What of transactions on the platform, how would you manage storage of all this information?

All information regarding storage can be seen in our Storage FAQ that was asked on our telegram channel


OPN FAQ: STORAGE

With so many registrations, uploads, Kyc, and transactions on the OPN ecosystem, How would the numerous data on the OPN platform be managed?
 

ANSWER:

Firstly, all the data available on the platform could be divided into three parts:
 
1.Delivery information:
which includes details about single transaction represented by documents: Purchase Order, Quotation, Order Confirmation, Insurance Policy, Quality Document, Packaging List, Invoice, Delivery Note, CMR
 
2.Bid/Bet public information: which is adjacent to products placed as an item-orders or item-profiles. This might be product name, quantity, price, delivery date etc.
 
3.Personal and Payment information:
which includes customer names, addresses, mobile numbers, KYC data.

Secondly, the 1st group of data is managed by smart-contract since it is crucial information and any loss of that data might make the whole process unreliable and non-valid.

Ethereum network is known for great sense of security and active community that keeps maintaining and developing their network.The 2nd group of data cannot be managed by smart-contract efficiently since it is costly to make frequent operations with highly mutable data structures. Moreover smart-contract are not a good choice for fast and real-time operation.

Thus, the choice was to move this data to non-generic blockchain model using DPoS as a consensus algorithm.
The 3rd group of data is managed by Open Packaging Network in a centralized highly secure storage until we have a chance to move this to a 
decentralized service like Storj.

Does your project have a bug bounty program?

Blockchain in our packaging ecosystem is going to have several advantages on our platform:
High speed transactions
Open transactions
Elimination of middleman barrier
Decentralized operations
Improvement of transparency and trust
Automated tracking of goods and validation of our bid bet model.
Hosting of our consensus Dpos and much more

Huge advantages I see on white paper. But How is the middleman barrier will be broken compared to normal packaging industry in world?

The OPK platform came up with the idea of designing a packaging industry market so that sellers could find their buyer partners and vice versa. This platform utilizes blockchain technology to provide a seamless system for transaction confirmation in real time along with many third party tools and integration.

What purpose does the blockchain have in your project?

The Open Packaging Network aims to provide a seamless system for transaction confirmation in real time along with many third party tools and integration. this is great that will help the packaging industry.