The supply chain industry has many actors who have different technical capacities. However most of them lack the stable technical capacity to develop and maintain communications and data efficiently. Due to a lack of skilled IT experts, outdated technology, and inefficient business models, the sector as a whole is struggling with complicated and expensive logistics procedures. Creating a simple and efficient data and communication center built on a trusted platform that everyone can use regardless of their technical capacity and knowledge will solve complications and bring significant cost benefits to the sector.
OBORTECH is an easy-to-participate and easy-to-use unified communications and data exchange center powered by blockchain and IoT for the supply chain.
Real life request
The supply chain process has many actors who have different technical capacities. Sharing data is often a manual, time-consuming and complex process, asking for the same information and tasks over and over. The existing digital systems are mostly dedicated to specific organizations and their own environment. The system is difficult for other players to adopt with different conditions. Users lacking IT knowledge and resources are unable to build and maintain such systems. Complete supply chain visibility and trust only occurs when all actors at all levels of the supply chain actively participate and have control over the same information flow.
Fully digital and simple ecosystem for everyone
What if we had a complete digital network that was simple and easy to use like Facebook in the supply chain where everyone has equal participation rights, control their own data, decide who they want to connect to, share information remotely in a unified format, receive time notifications real, and are judged on their performance history verified by other members of the network instead of complex procedures by a single organization?
We aim to create a Smart Hub, a fully digital ecosystem for all actors in the supply chain, with which they can collaborate remotely in a decentralized and democratic blockchain network that everyone will love regardless of their size and IT capabilities. Smart Hub offers:
~ Blockchain and cloud powered communication hub
~ Seamless, unified and online document exchange
~ IoT-based real-time visibility and tracking
~ An open and decentralized network marketplace
Decentralized and democratic network
Unlike a centralized system, Smart Hub users themselves have more control over the network, take the lead in implementing it, and benefit from the revenue stream. Prior to joining, every new member in any supply chain network from Smart Hub needs to be invited and approved by the existing members of the supply chain network on the Smart Hub. In addition, if a member in the network behaves badly or enters false information multiple times, the score / ranking of that member on the network will be lowered by the other members.
- Increased operational efficiency and better fleet management
- Better risk analysis and faster trade finance process
- Transparency on product traceability and provenance
- Increased visibility and accurate planning
- Broader market access and stronger customer relationship
- Reduced disputes caused by inconsistent and late data sharing
Solve real life problems
Due to the pandemic situation, physical interactions are severely restricted in the cross-border trade in meat products between Mongolia and China. It makes for a process that relies heavily on paper-based and manual information gathering, 7 times slower and 4 times expensive. Currently, OBORTECH is working with meat exporters and regulators in Mongolia to make the process a fully digital solution that allows actors to remotely access the same stream of information on the blockchain.
Being a pioneer in the take-off market – Mongolia, OBORTECH has established partnerships with logistics companies and government agencies in Mongolia, Europe and Australia. One of the largest logistics companies in Mongolia is investing in OBORTECH and funding the development of its prototype.
Blockchain and cloud powered communication hub
Accessible via easy to use web and mobile user interfaces, and an open API, the Smart Hub brings together supply chain actors, and enable their supply chains to share information, collaborate, conduct data analysis, and validate product traceability in real-time on a trusted platform
Tamper-proof, unified and online document exchange
The Smart Hub allows secure sharing and exchange of documents with supply chain partners using blockchain powered version control. Authorized parties to any shipment can immediately see when changes have been made, and by whom, along a shipment journey.
IoT based real-time visibility and tracking
IoT sensors are installed on containers/trucks and transmit data to the Smart Hub dashboard to track valuable shipments, monitor their key physical measurements, and protect high-value products against theft. A client gets positioning data for shipment in real-time, irrespective of the shipping carrier they choose
Open and decentralized networking marketplace
Based on the blockchain based trusted network established among the Smart Hub participants, the marketplace ecosystem will enable verification and scoring of stakeholders in supply chain without the need for third-party credentials. Moreover, the marketplace is a blockchain based decentralized ecosystem that enables buying, selling and exchanging of services without the need of intermediaries among the users.
The OBOT token is the main digital economy instrument of the Smart Hub network. Network members can use OBOT tokens to make transactions on the platform, award contract bonuses, launch crowdfunding activities to the network community, exchange services on the Smart Hub Marketplace, vote on governance policies and network activity, and earn rewards based on their performance ratings on the network.
Smart Hub transaction fee
OBOT token will be used for paying Transaction fee of bundled services offered by the Smart Hub. Every transaction revenue received by OBOT is split in the following way: 5% for token burns, 20% for marketing & community building, 5% for Non-Profit activities, and 70% for Network Admin fee.
OBOT token can be used for promoting contract performances between the Smart Hub users. Users collaborating via the Smart Hub can convert some portion of their contract funding into OBOT tokens and allocate them in Escrow Contract as a bonus payment.
Members of the Smart Hub can launch crowdfunding activities to OBOT token holders in the Smart Hub Marketplace. It will be done either by lending with algorithmic interest rate protocol based on calculation of member score/rating or by pledging (similar to Kickstarter) between creators and backers based on Escrow Contract and performance tracking in the Smart Hub’s blockchain network.
OBOT token will be used in the Smart Hub Marketplace when its users exchange services among them. The Smart Hub Marketplace is a blockchain based decentralized ecosystem that enables buying, selling and exchanging of services without the need of intermediaries among the Smart Hub users.
The Smart Hub members will be rewarded by OBOT tokens based on their score/rating in the Marketplace. Members will be scored/rated by various ways based on blockchain data and performance histories in the Smart Hub network.
OBOT token allows holders to participate in Governance decisions of the Smart Hub Marketplace. They can exercise voting rights on policies of member enrollment, service exchanges, and crowdfunding activities of the Marketplace.
The Smart Hub members themselves are the governing bodies of the network. Before joining, every new member in any supply chain network of the Smart Hub needs to be invited and approved by existing members of that supply chain network in the Smart Hub.
Usage of funds
Bitcointalk Username : Mame89
Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=924342
ETH Wallet Address : 0x079549B932Dd97De3E8EFAFE822b9eF70B77A4Ce