Press Release

VOLT, Decentralization, Transparency and Security with P2P Delivery Platform based on Blockchain

Share

In this digital age, communication takes place very briefly, quickly, and practically. When we want to send letters or goods, people does not have to wait for days to get what they want. For example when you want to send a letter, now there has been electronic mail. In addition, there are also video calls, short messages (chat), pictures, videos, and everything can be sent from one person to another directly without the difference in time and distance between them. This happens because of technological sophistication that not only saves time but also without intermediary. The development of practical communication also occurs in the financial service field. To be able to transfer from A to B, a person needs a financial institution, such as a bank as an intermediary. However, now there is blockchain technology as an alternative.

Blockchain technology emerged in 2009. Blockchain technology emerged in response to concerns of some parties to the way software work is centralized. Blockchain allows decentralized systems to improve efficiency. blockchain decentralization allows each server to connect and has a similar role to form a kind of peer to peer network (P2P). Blockchain is basically a global online database that anyone can use anywhere in the world connected to the internet. Blockchain technology was created to update a centralized scheme of circulation. Benefits provided by blockchain facilitate transparent and transparent flow. Through blockchain technology, transactions between A and B can occur without intermediaries, in a short time, cheaper, and safe. With the adventages of blockchain technology, so VOLT  opens up a platform that allows centralized platforms such as Uber, to be developed in a decentralized manner and enables direct delivery through P2P. VOLT’s direct P2P model allows efficient communication between the customer and messenger to eliminate, or significantly reduce, the commission to less than 5% . The core concept of VOLT is three fold; decentralization, transparency and security.

What is VOLT?

VOLT is based on blockchain technology and combined with smart contracts, will eliminate the dependence on the centralized system between the participants, significantly reducing the price of deliveries for customers. On the other side of the spectrum, the messengers and delivery companies will have higher income in-hand. Not only does VOLT guarantee messengers get a higher income, VOLT eliminates the time and technical constraints to allow anyone and everyone to use the system.

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’s Concept

  • Decentralization

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.

  • Transparency

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.

  • Security

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.

Volt’s Feature

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.

* There are various regulations and requirements for shipping services in each country and region. However, technically there is no way to regulate VOLT users. Therefore, VOLT users do not have to spend time and money to meet such regulations.

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.

Token Flow

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.

* The above example assumes a situation where 1 VOLT equals to 1 Jula, and the fee that VOLT charge to messenger is 5% of the consumer price regardless of VOLT-Jula’s calculation rate change.

VOLT ICO Plan

VOLT Token Sale Plan

VOLT aims to create a truly decentralized economy. Imagine a world that allows you to send confidential documents or contracts to the investors with just a few touches. VOLT’s innovative delivery-request system will open a new paradigm, introducing another era of convenience.


ICO DETAILS

Category: Supply & Logistics
Project Type: Token
Platform: Ethereum
Public-sale starts in: 10th May 2018 10:00 UTC
Total Tokens Issued: 4,000,000,000
Total token for sale: 2,000,000,000


 


WHITEPAPER | WEBSITE | TWITTER | TELEGRAM | FACEBOOK | LINKEDIN | MEDIUM | INSTAGRAM | YOUTUBE


Author
Bitcointalk Profile: Pixmartz
ETH Address: 0xa38370065430E1c101A339f0c779D52685c754D7


Share

Leave a Reply

Your email address will not be published. Required fields are marked *