OEL: Join the OEL Enterprise Transport Management, Next Generation Solution for Efficient Logistics

The art of moving goods is termed as logistics, and with the help of technology, it can be greatly improved. People working in the industry are worried about the future of the logistics. Many companies work in optimized ways in which they can sustain growth and scale their services. But, the challenges in the logistics industry are immense, so creating better solutions is the only answer. The logistics market is too fragmented and filled with the league of intermediaries.

They play hard to keep their profits high in any condition. Too many paper records are being handled by the companies, and there is a need for integrating digital solutions in the market. The lack of tools for real-time tracking of goods leads to the liquidity squeeze in the market. Many view these challenges to be extraordinary, but they can be easily solved with the technology integration. Do you think that technology can be helpful in finding solutions to these challenges?

Solution offered

OEL foundation is developing solutions for the logistics industry based on the blockchain technology. They are creating an open and transparent governance model for the platform. By bringing decentralized platform into the world of transport, they are creating a revolution in transport management. OEL Enterprise architecture is designed to bring similar minded individuals and companies into an alliance in which many useful services are offered, and the market data is shared. Rewarding the data contributors is one of the important aspects of the platform as it maintains the long-term relationship with the clients.

To remove the problems of the lack of liquidity, they have created Proof Of Shipments which drives cash flow in the market. Reducing the reliance on the intermediaries is one of the core objectives of the platform. Bringing the job functions with the smart contract will allow the members of the alliance to communicate better and enable the faster transaction between different participants.

Management of the cash flow, drive hours, invoices, services offered, alliance members special requests and incentives are all part of the OEL ecosystem. Three tier memberships in the alliance is offered to the stakeholders and the services offered vary accordingly. OEL NETWORK, OEL PROTOCOL and OEL PLATFORM are three important entities of the ecosystem.

ICO INFORMATION AND TEAM

100,000,000 OPN Tokens are created for the project in which 66% of the tokens will be sold via ICO. The exact dates for the ICO are yet to be announced, but most probably they will be conducted in the coming months. The funds will be spent on the development and design of the platform. The team working on the platform is experienced in the fields of blockchain technology and entrepreneurship.

Conclusion

Globalization has created unlimited opportunities for the countries and industries. Retail sales in the emerging economies are set to take over the sales in the developed countries. The unprecedented growth in sales can only be sustained by the efficient enterprise logistics management. Efficient road networks are the big boon for the economy, and the logistics contribute a sum to the overall cost of the item. Enterprise Resource Planning (ERP) includes all the technicalities and the management of resources for a company.

The transport management is also a part of it. Blockchain can be the game changer for the companies in terms of creating an efficient, sustainable and secured supply chain solution. Many companies are already looking for investment and research in the transport management to save cost and increase efficiency. Do you think that this platform will be successful in creating a sustainable solution for the industry?

Website- https://oel.foundation/

Whitepaper- https://oel.foundation/assets/whitepaper/oel_foundation_whitepaper_v1.0.pdf

Published By- Kishan748
Btalk Profile- https://bitcointalk.org/index.php?action=profile;u=1027561