17.000.000 1.000.000 5.000.000.000
Sea freight containers Air freight containers Shipments per year
An industry ripe for disruption
Logistics is the engine of global trade. The competitive set among players is fierce resulting in high cost pressure and low margins. Despite this, logistics is a highly unintegrated domain. Over 200 documents and manual emails have to be sent around by one person to process one international shipment
CHALLENGE
The problem in logistics today
Inefficiencies caused by document deviations and delays lead to estimated US£$ 38 Bil. additional costs yearly
INTRODUCING
The LOGI CHAIN will lead the way towards a more efficient, client-centric and cost-effective industry. Our aim is to build a fully integrated, seamless logistic ecosystem based on blockchain technology that will be available at minimal cost to all industry players.
Work
Providing the information required
A physical logistical unit (i.e. container, parcel, product, etc.) is mirrored as a virtual product (chip) on Blockchain infrastructure. Various documents and attributes can be linked to the chip and made accessible to relevant parties in the process (customs, freight forwarder, contractor, shipper, buyer, warehouse workers).
Using the Blockchain infrastructure
We will split documents between public and private blockchain infrastructures with different access permissions, to allow the right stakeholder to see the relevant document. The different parties in the shipping process will get access through an open source reader.
LOGI CHAIN benefits
Lower costs per shipment
Less shipping delays
Eliminate not integrated documents & emails
Decentralized shipping process
Total transparency of shipments
Free up manpower
Project setup
The LOGI CHAIN Foundation is the independent sentinel of the ecosystem. Every player in the market can join: freight forwarders, airlines, customs, container providers, pooling companies, etc.. The free system will be defined in an open source code on GitHub.
The LOGI CHAIN ecosystem is fuelled through the LOGI token. All transactions made in the LOGI CHAIN will be paid in LOGI tokens. There is a finite amount of 100M LOGI tokens created. The LOGI token will be the reference payment currency to process a shipment efficiently worldwide.