The supply chain and Logistics Industry seems to be doing well at the moment. However, can it more? Blockchain technology provides a way to do this and the Quras blockchain is the solution to this.
The logistics and supply chain industry has been topsy-turvy since the dawn of the new millennium. So many issues have made many logistics and supply chain systems to change from being simple down-to-earth and easy to use to becoming complex and most times incomprehensible.
This has made many nightmares come true for organizations with losses ranging from thousands to millions of dollars. This has however changed over time with the introduction of solutions that have changed the outlook of the supply chain and logistics industry. Automated systems have created a paradigm that at worst ensures that the basic deliverables are met in any kind of scenario.
This has created a robust yet open system with many gaps that are supposed to be filled.
The supply chain and logistics industry has so many facets to it that need to be considered critically. The following trends indicate what needs to be considered, why and where.
- The total logistics market is said to be worth $15.5 Trillion by 2023,
- Activities linked with transportation and logistics account for 10-12% of Global GDP.
- Transportation Management Software improves Freight Savings by up to 8%.
- About 63% of companies don’t use any technology to monitor their supply chain performance.
- The global transportation management software market size was worth $1.8 billion in 2018 and is said to become worth $4.8 Billion by 2025.
A Different Approach
While the above statistics point to a bright future at some level for the industry, the industry can become so much more. This is because the demand for logistics and supply chain systems are increasing faster than regular developers can supply them to corporate organizations.
This is why the situation needs to be considered from an entirely different perspective. If this doesn’t occur, the quality assurance that keeps the systems developers on their toes will be lowered and many solutions deployed will lead to increased problems and frustrations for the corporate world.
This is why centralized solutions while commendable won’t be able to meet up with demand. Decentralized solutions, on the other hand, can deploy end-to-end solutions which when deployed can run out-of-the-box without the need for setup processes thus and procedures saving time, cost and energy.
Blockchain solutions present this best-case scenario.
Quras Can be the Supply Chain and Logistics Industry Catalyst
Quras the next generation blockchain is one of the world’s most innovative solutions that can not only revolutionalize the Supply Chain and Logistics Industry, it can also be the catalyst for the bright future that everyone has been expecting.
This is because the Quras blockchain has been designed with evolution in mind. It doesn’t rely on proof-of-work as means of confirmation but rather on proof-of-stake via consensus.
The use of zero-knowledge proof and Ring signature have provided top-notch encryption for transactions on the blockchain provide protection for sensitive goods in transit example given. Users can prefer their smart contracts to be executed based on this.
The Smart contracts in the Quras blockchain provide some of the best flexibility available. This allows for out-of-the-box solutions which are easily adaptable to any kind of situation. The Supply chain and logistics industry can run off the Quras blockchain using some of the best and the most flexible smart contracts which deliver repeatedly.
The Quras Ecosystem Rewards Itself
Operators of decentralized applications within the Quras ecosystem share in transaction fees based on activity within the app itself. This gives a unique opportunity for cost-minimization and profit-sharing along the supply chain and logistics solutions operators who will get continuous revenue from activities undertaken.
Nodes which serve as the confirmation points within the blockchain aren’t left out as well. Nodes are allowed to earn in a variety of ways including when sending tokens (XQC) and also when executing Smart contracts (XQG) which is the blockchain’s gas.
For the users, they get the ability to get Quras gas (XQG) just for holding the token in their wallets every 18 seconds. The volume earned is reduced every 2 million Quras blocks to encourage the holding of the XQC token.
With adaptability and scalability in mind, Quras has everything it takes to create a new paradigm where a cryptocurrency ecosystem goes from glory to glory and from strength to strength due to its scalability, flexibility, and security.
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