Topic: [ANN] QUASA OPEN LOGISTICS BLOCKCHAIN PLATFORM - page 33. (Read 35992 times)

Compare to offers from different companies or on other services, you will have to understand that who is included in freight and clarify what "everything" is not extra. After all, the smallest offer turns out to be the largest in fact. In the QUASA service you will be insured from where the additional points appear in the account, which significantly increase the amount of payment.

In QUASA there is an algorithm that provides the organization of air cargo transportation all over the world. This algorithm and technological solution is no-how of the international air transportation market. Running into operational exploitation will mean the introduction of uniform standards and modern logistics solutions that provide the effective use of geographic prerequisites. This is not the expanding some separate logistics departures but creating new air transportation logistics environment that meets all modern requirements.

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A long path had been traveled before the BLOCKCHAIN logistic solution has been invented. First of all, major carriers integrated the tariffs into their ERP systems in order to be able to give quicker responses to delivery requests. Later on they went online while smaller carriers started using forums and information panels for advertizing their services. Finally, UBER-like cargo services appeared. They typically offer truck transportation, so multimodal delivery is not available yet. All in all, centralized platforms cannot manage up-to-date and competitive prices or algorithms which exclude cargo damages, but new technologies could change this state of affairs.

The business strategy of the multimodal application is based on providing customers with absolutely new way of interacting with the logistics market.

Services for partners.

QUASA is open for cooperation and will take care of its partners. After the first shipments are adjusted, we will organize the signing of contracts with petrol stations, hotel chains, medical centers, and service enterprises, and elaborate corresponding privileges.

Commission received from such companies will become another monetization channel.

Dear Friends!
We invite you to the largest event in the world of blockchain - © Moscow Blockchain Conference
Two-day exhibition and conference.
Conference is dedicated to blockchain, cryptocurrencies, and new type of investment - ICO.
We are waiting for you at our stand A14
You can directly communicate with our team and ask any questions you are interested in!
Join the #ICO: http://www.quasa.io/payment
Prototype #Blockchain Platform: http://quasa.net/
#quasa #revolutionizing #shipping #BlockchainTechnology

Over the past three years the volume of venture capital investments in IT aggregators was equal to $150 mln (for freight). Over 10 private capital deals were closed in the USA, with China accounting for 2 more such deals and the Western Europe accounting for yet several more ones.

Legal status of crypto currencies.
As for the legal status of crypto currencies, we can speak about decriminalization of such currencies in Russia, not about their full legalization.

The Federal Tax Service regards operations with crypto currencies as exchange operations. Currently real efforts of law enforcement authorities are focused on suppressing the volume of exchange operations.

We have conducted the expert factor analysis for the estimation of a potential market share. There are particular conditions for QUASA to obtain a 1-2% share of the world carrier services market. QUASA team intends to achieve this figure after the large-scale launch of the project.

Developed IT infrastructure.
In 2015 GLONASS devices were installed in 100% of Russian truck vehicles, and a data collecting system for location identification was introduced. This will help the developers to introduce general online tracking of cargos with the registration of the transfer of ownership in the blockchain.

Absence of special licensing.
Unlike in other countries, Russian legislation does not provide licenses for carrier activities. This will enable QUASA team to avoid additional costs and start searching clients for beta-testing and localization in the market as soon as possible.

The project team which consists of logistics and IT specialists has developed a working prototype of the service. This enabled us to analyze market needs and compare them to the realization of the fully-fledged project.

Calculation of tariffs from 18 international carriers.
Calculation of air companies’ tariffs received through API or from own database.
System of personal areas, including partner areas.
Cargo exchange.
Administrative panel.

The price is calculated with regard to all cargo parameters selected by the user.
The prototype includes basic functions of a QUASA cargo owner, which will be available in Q2 2018 already. Later on these functions will be complemented by modules designed for involving other participants of the logistics network.

The work with the platform starts with the access page. Here each member of the system has to insert his login and password obtained during the registration process.

Market volume logistics

The logistics field in Russia accounts for 5.6% of the GDP (comparing to 2.7% in the USA and 2% in China). Russian forwarding services market is estimated to generate $1 bln a year and to account for 5% of the logistics market. A growing net of truck vehicles, a considerable number of ports and a leading role in the international trade will help QUASA decentralized service to make a good start.

The use of an external payment system helps:

- not to elaborate own payment system and not to assume additional development risks;

- not to use QUASA platform as intermediary for performing transactions. The first stage includes the use of RIPPLEAPI protocol as payment system. During the selection of a payment system protocol, QUASA focused on open solutions with the following features:

a) availability of a tested and developed infrastructure (industrial mode);
b) open source code;
c) high degree of trust of the community towards consensus protocols and decentralized network of independent centers.

Major payment process. Participants of a delivery agreement, including contactors (cargo owner, carriers) and other related entities, sign a transport agreement. Operational support of the transaction is performed on QUASA platform. The part of QUASA platform in question deals exclusively with the payment process between the partners. The main smart-contract contains the list of partners (with corresponding details and account numbers) as well as transportation and payment terms. Terms of an agreement are the conditions under which the delivery agreement is deemed executed or non-executed (partly or fully). The fulfillment of delivery terms is the trigger for launching payment orders (distribution, sending, money reservation) between the partners. Payment terms include type of payment, currency, price, conditions, and commission. QUASA platform assumes functions of monitoring delivery terms while API Ripple protocol ensures the payment according to technical payment conditions.

QUASA is a multimodal transnational system.

Payment process and interaction with the payment system.

Orders are created by cargo owners. For smart-contracts, order addresses are available on QUASA platform.
Payment terms are formed by cargo owners and designed for smart-contract settlements. After the terms are fixed, cargo owners confirm the order. QUASA platform performs automatic verification of the transaction against the delivery terms and then makes a request through API Ripple protocol in order to check whether the indicated payment terms can be fulfilled (clients’ requisites in the client database, account balance confirmation and money reservation, other bills, etc.).

If QUASA agrees to accept the order for execution, the platform performs necessary preparation for payment using API Ripple protocol (reservation of the necessary amount for fulfilling smart-contract terms (holding)).
Smart-contracts are formed by QUASA platform.
Smart-contracts addresses are available on QUASA platform. Order addresses are saved in order to track transaction statuses in smart-contracts. QUASA platform automatically complements smart-contracts with formalized payment terms taken from the order terms and complemented with the description of transaction details and other necessary conditions.

The status of a delivery order related to the smart-contract and the smart delivery agreement automatically sends two following requests:


I. Request for control over the term of the smart delivery agreement. Such a request is initiated if the date of the smart delivery agreement is past with respect to the current date.
II. Request for waiting for the contract terms to be fulfilled. If the term of the smart delivery agreement is the earlier one, it is given the “Expired” status, and further manipulations with this agreement are made in accordance with the delivery agreement terms. In this case the status of the order related to the smart-contract is changed to “Expired” as well.

If actual execution of the contract is the first one to take place, the smart delivery agreement sends a reserve request for performing a payment and activates Ripple protocol using API. The protocol based on payment terms of the smart delivery agreement performs the payment in favor of the carrier.

After the launch of the payment execution with the use of “Paid Outside Closing” parameter (POC), the payment receives the “Closed” status. The status of the order related to the smart-contract is changed to “Closed” as well. The transaction if performed.

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Standardization of the process of placing orders,
which includes the elaboration of the technical solution for this process in the blockchain and the elaboration of a preliminary smart-contract.

Standardization of the process of closing deals,
which includes the elaboration of the technical solution for this process in the blockchain and the elaboration of actual (real) smart-contract.

Standardization of the process of providing insurance services,
which includes the elaboration of the technical solution for this process in the blockchain.

Standardization of the process of providing additional services,
which includes the process of connecting carriers to the service.

In other words, the full complex of services is foreseen for all the transportation modules. Standardization activities are being performed simultaneously with its technical realization

Indirect competition

The main competitors are national aggregators, cargo exchanges, and local companies. Despite the fact that these market players use obsolete principles and models, they have already taken a secure position in the logistics market. We should definitely create a strong infrastructure which will be able to transform an obsolete logistics into a LOGISTICS 2.0, as well make our platform one of the leaders of the market. Besides, since we take the responsibility to block scum companies and to provide our investors only with the companies which we trust ourselves and which offer not only promises but something that already works, we are going to establish a corresponding division which will be engaged in quality control and product verification before the product is launched.

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