The global logistics market is valued in 12 digits and it continues to grow.
Logistics is generally associated as a supporting operation for other business. The reality is that logistics is comprised of a massive flow of operations in itself and a huge portion of it has shifted to digital interactions. While the in-ground relations remain primarily the same, the inter-business communication in logistics is, like any industry, greatly eased by the internet. There are, however, strict limitations to what the internet can achieve in its current state.
Presently, despite the myriad opportunities and benefits the internet has provided, it cannot internally support value transfer. The interactions in logistics are value additive but the internet can only provide a medium for communication or information. Blockchain technology holds the key to taking the internet from being the internet of information (transfer) to the internet of value (transfer). One of the greatest beneficiaries of this shift will be the logistics industry as most of the participants in a logistics operation don't just need to communicate with each other, but also need to pay one another.
At present, despite the size of the logistics market, value transfers happen through intermediaries that act as middlemen who absorb fees by merely providing the medium of value transfer. This adds a burdensome cost to any logistic operation even though the intermediary’s fee has nothing to do with the actual transport.
Blockchain technology provides the means to escape this inefficient structure and gives the participants of any logistical operation to sustain the value transfer by themselves.
Logistics of the Future
SKYFchain is creating an Operational Platform for the logistics market where much of the communication of a logistical operation can also internalize its value transfer.
SKYFchain's Operating System sits atop the blockchain and this means each interaction can exist as a transaction. Thus, the information exchange and intertwined with the value exchange. This exchange relies on SKYF Tokens (SKYFT), which serve as the internal currency of the SKYF Operating System.
This provides optimization to the logistics market as interactions and value transfer are not just more efficient, faster, and cost-effective, but also safer.
SKYFT makes it possible for cross-border logistics operations to be insured by third parties, financed by institutions, and paid for through a single currency, thereby foregoing the currency risk and exchange fees that would otherwise be involved.
There is, however, a strict limitation to the abilities of SKYFchain as it acts as a Business-to-Robots (B2R) Operating Platform.
This gives a two-edged factor to this new development.
The limiting factor is that much of SKYFchain's value additives are limited to logistical operations that are being fulfilled by autonomous vehicles (aka computerized vehicles).
On the other hand, SKYFchain has developed its own transport fulfillment drone and aims to onboard partners who also provide transport fulfillment via drones. This alligns SKYFchain with the future of logistics which will largely involve automated logistics due to their cost-reducing attributes. SKYFchain, through its ability to internalize information and value transfer within a logistical operation, makes the usage of autonomous vehicles only more attractive for logistics.
SKYFchain Essential Links
🌐 Website: https://skyfchain.io
💡 Whitepaper: https://fpivc.box.com/v/SKYFchainWhitePaper
👨 ANN Thread: https://bitcointalk.org/index.php?topic=2799527.40
💻 Telegram: https://t.me/SKYFchain
Connect with me:
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internet is big revolution by which we can imagine globally from home but without blockchain we can not imagine lots of good projects which are based on blockchain technology
The blockchain evolves the current abilities of the internet and the product can be utilized for plenty; SKYFchain aims to leverage the benefits to create a better logistics market.
Will it possible for a drone to work for a logistic company to deliver product from one hub to another.As Everythings comes with advantages and disadvantages.
That is the goal of this project: allows AVs, like drones, to make deliveries. However, it adds in all the blockchain benefits. I will delve deeper into this with my next post.
lets see if it works or not there are some good chances of working as well as bad ..but we can expect to happen it till 2025
You are right that developing projects should be taken as that: developing and not perfect products. The vision of this one, though, is quite impressive.
I'd like to order pizza in my window. :)
Haha that would definitely be the best use case for this :)
it will take time to place drone in logistic
Actually, drones are already being used in logistics at an expansive pace. SKYFchain wants to build on that and make powerful drone delivery networks.
SKYFchain will be assist lots of logistic companies.
No doubt :)
Yes, there is no doubt dear brother.
skyfchain is amazing opperchunity
Nice blog, blockchain technology are future technology
This post has received a 73.98 % upvote from @boomerang.
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Yes sir, I am ready.
Gaming fun.
Sir,always a pleasure to read you.