Topic: [ANN] OEL Foundation - Open Enterprise Logistics Enterprise Architecture - page 4. (Read 4543 times)

For bounty-related questions, please ask in the Telegram bounty group or in the MoonForum thread

MoonForum: https://www.moonforum.net/showthread.php?2076-REWARDS-OEL-Foundation-Open-Enterprise-Logistics-Enterprise-Architecture

Rewards Telegram Group: https://t.me/OEL_Rewards

where he sends reports on bounty telegrams?

OEL is ensuring transparency and trust in a highly private supply chain. Did you know that OEL has a  micro-rewards system for information sharing of data ensures greater participation and quality data amongst the supply chain participants, in both developed and developing countries.

Road transportation forms the core of all logistics movements. It is a USD 2 trillion-dollar industry globally in 2017; Involving hundreds of thousands of movements daily – across different legs of supply chain. It involves multiple stakeholders – primary ones being shipper, transporter, driver and consignee. Supported by intermediaries, viz. logistics service providers; banks; custom brokers; technology solution providers; government agencies and regulatory bodies.

Many elements of this process have been automated. eg: Transport Management Systems integrated with ERPs; technology solutions for last mile delivery - typically used by online retailers.

However, lack of secure supply chain control in the distribution channel, particularly in less developed markets, tend to drive up distribution costs due to lost sales, penalties from late delivery, theft or pilferage, and product damage.

With multiple parties are involved in data chain – starting with delivery note from shipper or logistics service provider; commercial and tax invoice from shipper; and finally, delivery confirmation from consignee; to highlight few critical data reconciliation points. One of the greatest business problem of road transportation industry is delivery confirmation or Proof of Delivery (POD); which is prone to being inaccurate and unreliable.

This is ONE of the problems which OEL foundation is endeavouring to solve by building an open protocol for enterprise logistics applications.

Thank you for sharing. Marketing is something OEL is working on, so is adoption from industry leaders and companies. OEL team is actively pursuing on both ends to raise public awareness. I imagine the hype factor will only increase.

 "There is no doubt that the vision for OEL Foundation is vast and the use case is there. If successful in even just a few regions, the OEL Foundation will have made a massive impact in the logistics industry." - Absolutely, adoption is key.

The Coin Radar have just posted an in depth article on the OEL Foundation.


Full review: https://thecoinradar.com/oel-foundation-review/

Greetings folks

First token will be an ERC20 with limited utility, and will have 1-1 parity with the full OPN token which will be generated when the mainnet goes live. The ERC will be tradeable in the meantime.

These are the main technical features of OEL, for those wondering:

Private Blockchain mainchain
Precompiled Smart Contracts
Virtual Machine
Private Consensus (using POS or dBFT algorithms)
Off-chain Storage (e.g. IPFS, BigchainDB)

Glad to have your support for the project Do join our telegram chat at https://t.me/OELFoundation if you haven't already done so

I think this project has a good concept and a team of experts, hopefully with a strong team can improve this project for the better, my friend success, I am waiting for good news next.

Reducing reliance is one of the benefits of the OEL ecosystem. OpenPort has established this already back in May when a blockchain-enabled invoice factoring transaction was completed.

OpenPort used its blockchain to confirm the delivery of a shipment and issue an invoice. All of this was verified without the interacting with the seller’s payor and was bought fast at a lower rate. This is a good example of providing cheap and fast transport financial backing using the blockchain.

This ICO project will improve the demand and supply relationship while reducing the reliance on clearing houses and brokers. The token can be used to directly connect to the suppliers with a greater speed and efficiency.

Greetings everyone,

OEL has provided us with a new article about Token Economy, Pros and Cons, and Final Thoughts, so please check it out

https://medium.com/@100xicos/open-enterprise-logistics-oel-foundation-review-part-3-token-economy-pros-and-cons-and-final-c16dc627ea28

No problem Also, OEL's blockchain architecture design is following the principles of modularity, security, cloud-based, integration, and more  There's a technical paper on their website that you can read if you're curious about tech: https://oel.foundation/wp-content/uploads/OEL-Foundation-Technical-Paper-v1.0-1.pdf

I didn't know that, I'm thankful that you posted and share it with us for us to be able to know some information about it. That would be great most especially to the industry for supply. It is very interesting though.

Amazing great to hear that compliment! Have you checked out the white-paper yet? If not, you can view it here: https://oel.foundation/assets/whitepaper/oel_foundation_whitepaper_v1.0.pdf

In my opinion, this project is promising and profitable, very worthy to be given optimally, hopefully it can be a successful and rewarding project for the world.

Did you know that according to the World Bank in 2016, developing economies face supply chain inefficiencies that drive up costs by up to 25% more? OEL is creating the first end-to-end solution for the supply chain industry to drastically lower costs and improve efficiency. 

Please take a moment to view the OEL Foundation Board Member Max Ward talks about the Foundation with ICOGenius. 👍🏼

Watch the full interview here: https://www.youtube.com/watch?v=MKVr5RRSOVk

Thank you for the kind words, we are glad to have you with us.