VOLT is a platform that allows centralized structures such as Uber, to be developed in a decentralized manner and permits direct delivery through P2P. Uber and different models play a function of Central Control as middlemen and get hold of a rate of 20% or more. VOLT’s P2P direct deal model is an efficient mannequin that goals to dispose of brokerage price through reducing direct fees to clients and messengers, to less than 5%, or even in hopes to get rid of completely.
The present delivery mannequin is a centralized model, with a machine called Hub & Spoke. This centralized model, together with DHL, has dominated the transport market worldwide. However, the centralized mannequin is unable to meet the wants of equal day delivery. VOLT is blockchain-based P2P delivery mannequin that solves challenge of the same day transport more effectively than existing models.
There is no intermediary or broker, which leads to decrease the price offered for customers, and also maximize profit for the messengers.
In VOLT, we provide a transparent environment. All clients and messengers or delivery companies gain from the privacy and transparency of the costs and expenses.
A impenetrable charge machine that allows two authenticated P2P entities to send and get hold of cash that gets held in VOLT Tokens till after a profitable alternate of services between the two parties.
VOLT 's identical day delivery shortens shipping time to 1-5 hours, whereas 1-3 days in the existing online buying mall. Hub & spoke is a gadget that collects all gadgets to be shipped, classifies them, and then offers to their destination. This capacity that any parcels to be delivered from 32nd Street to 54th Street in Manhattan, NY will be sent to Delaware for classification and delivered again in Manhattan. This is time-consuming and additionally incurs large warehousing costs.
In order to remedy this inefficiency, a messenger located close to 32nd street collects solely what is to be sent nearby and delivers it as P2P so that it can be delivered inside a few hours.
VOLT's business mannequin connects clients and messengers, and affords personalized algorithms that leverage Big Data and a matching system that makes use of clever contracts for handy carrier delivery. Customers want a VOLT coin to use this service.
When the shipping of food, goods, delivery distance, time required, taking into account the weight of the items shall be decided in accordance to the amount of work difficulty. We call this unit of work “Jula”. For example, if customers prefer to ship the goods to a point named A 2km away and you want 600 Jula, and 1200 Jula is required to ship the equal goods to B point 6km away. VOLT is creating an most beneficial algorithm to calculate the quantity of this work, and will introduce the lowest bid (auction) system for some special deliveries.
VOLT coin is required for a provider client to request delivery. That is, in order to request a positive amount of Jula performance, a VOLT coin corresponding to this is used.
A patron who requires the service can purchase the cash from the Exchange. A client will buy a hundred cash for the delivery service that costs a hundred coins. The customer will pay one hundred cash to VOLT where VOLT corresponds the request to the messenger. After the carrier is completed, VOLT transfers ninety five coins to the messenger. Approximately 5%(the rate can be adjusted to maximize profit) of the coin is used as a fee to the corporation profit. The organisation sells the coin earned to the Exchange to produce revenue.
The income is used to hold the enterprise or furnish dividends to the VOLT shareholders, however not to the coin-holders. If this method goes via a cycle, the coin demand eventually will be greater than the grant from the Exchange, ensuing in greater fee for the coins. A mixture of algorithms and contemporary coin price, VOLT adjusts the coin/Jula rate. In long term, coin/Jula price will increase, and hence capable to very own greater Jula with 1 VOLT Coin. And subsequently will increase the value of Jula.
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