Volt Tech Platform: Same Day Delivery services via Blockchain
- a platform that allows centralized platforms such as Uber, to be developed in a decentralized manner
- enables direct delivery through P2P
- Uber and other models play a role of Central Control as middlemen and receive a fee of 20% or more
- aims to eliminate brokerage fee
- no middleman or broker
- offer a transparent environment
- A secure payment system that allows two authenticated P2P entities to send and receive money
- same day delivery shortens delivery time to 1-5 hours
P2P DELIVER PLATFORM BASED ON BLOCKCHAIN
Volt tech – Same Day Delivery Services via Blockchain – Faster and Cheaper Delivery
VOLT is a platform that allows centralized platforms such as Uber, to be developed in a decentralized manner and enables direct delivery through P2P. Uber and other models play a role of Central Control as middlemen and receive a fee of 20% or more. VOLT’s P2P direct deal model is an efficient model that aims to eliminate brokerage fee by lowering direct costs to customers and messengers, to less than 5%, or even in hopes to eliminate completely.
The existing delivery model is a centralized model, with a system called Hub & Spoke. This centralized model, including DHL, has dominated the delivery market worldwide. However, the centralized model is unable to meet the needs of same day delivery. VOLT is blockchain-based P2P delivery model that solves limitation of the same day delivery more effectively than existing models.
VOLT is a decentralized platform.
There is no middleman or broker, which leads to lower the cost offered for customers, and also maximize profit for the messengers.
In VOLT, we offer a transparent environment. All customers and messengers or delivery companies benefit from the privacy and transparency of the fees and expenses.
A secure payment system that allows two authenticated P2P entities to send and receive money that gets held in VOLT Tokens until after a successful exchange of services between the two parties.
Same Day Delivery
VOLT’s same day delivery shortens delivery time to 1-5 hours, whereas 1-3 days in the existing online shopping mall. Hub & spoke is a system that collects all items to be shipped, classifies them, and then delivers to their destination. This means that any parcels to be delivered from 32nd Street to 54th Street in Manhattan, NY will be sent to Delaware for classification and delivered back in Manhattan. This is time-consuming and also incurs large warehousing costs. In order to solve this inefficiency, a messenger located near 32nd street collects only what is to be sent nearby and delivers it as P2P so that it can be delivered within a few hours.
How it works in the Market
VOLT’s business model connects customers and messengers, and provides customized algorithms that leverage Big Data and a matching system that uses smart contracts for easy service delivery. Customers need a VOLT coin to use this service.
When the delivery of food, goods, shipping distance, time required, taking into account the weight of the goods shall be determined according to the amount of work difficulty. We call this unit of work “Jula”. For example, if customers want to ship the goods to a point named A 2km away and you need 600 Jula, and 1200 Jula is required to ship the same goods to B point 6km away.
VOLT is developing an optimal algorithm to calculate the amount of this work, and will introduce the lowest bid (auction) system for some special deliveries.
A VOLT coin is required for a service buyer to request delivery. That is, in order to request a certain amount of Jula performance, a VOLT coin corresponding to this is used. The ratio of this Jula to the VOLT coin is not always constant. The ratio of the first Jula to the VOLT coin starts at 1: 1. The ratio is changeable in accordance with the price at the market.
A customer who requires the service can purchase the coins from the Exchange. A customer will purchase 100 coins for the delivery service that costs 100 coins. The customer will pay 100 coins to VOLT where VOLT corresponds the request to the messenger. After the service is completed, VOLT transfers 95 coins to the messenger. Approximately 5% (the rate can be adjusted to maximize profit) of the coin is used as a commission to the company profit. The company sells the coin earned to the Exchange to produce revenue.
The revenue is used to maintain the company or provide dividends to the VOLT shareholders, but not to the coin-holders. If this process goes through a cycle, the coin demand eventually will be higher than the supply from the Exchange, resulting in higher price for the coins. A combination of algorithms and current coin price, VOLT adjusts the coin/Jula rate. In long term, coin/Jula rate will increase, and thus able to own higher Jula with 1 VOLT Coin. And consequently increases the value of Jula.
Website link: https://volttech.io