Consumer expectations and expectations continue to increase - Up to 25% of customers want to pay additional fees for instant delivery. By 2025, the same product shipments are expected to touch a market share of about 25%. By 2018, the last mile logcs and same day shipments are expected to exceed $ 1.35 billion. The main reason behind the rapid increase in last mile logcs is e-commerce. Logiscs Management has clarified that e-commerce is expected to reach $ 2.4 trillion this year.
The last mile shipment provides technological support for a business model that aspires to serve consumer expectations for delivering quickly. In the future, some very unique and modern shipping modes will be available and things like Autonomous Ground Vehicles (AGVs) and drone shipments will soon get more because of their virtue of providing fast service.
The delivery service market has grown dramatically around the world and is expected to grow further in economic terms. However, unclear market price services, the rate of delivery speed, inadequate quality and an uncomfortable interface have created many important things.
The shipping service market is increasing dramatically around the world. The online shopping market extends over 20% annually, and expansion is directly correlated with the delivery service market. Even the market of food delivery services has recently increased dramatically worldwide, leading to a correlated increase in the delivery service market, as well. Both online shopping and crucial food delivery require an efficient, reliable, and fast system.
Most shipping companies can only offer "Next Day Delivery" and do not have the capacity to offer "Same Day Delivery" (immediate delivery). This is due to the fact that the centralized delivery system has reached its limits and can not facilitate the required speed, nor does it have the ability to provide affordable services using the current model. If someone A is from Manhaan New York, as it is necessary to send a packet to person B in Queens, the package must be through Delaware that is worked out for sorting - which takes up to 2 additional business days, resulting in inefficiency and delays in delivery. The main reasons for this inefficiency can be illustrated from the above scheme.
First-generation delivery systems operated by individual customers calling regional call centers, and sending centers for their messengers or transferring calls to the appropriate call centers. This system requires call-center agents to allocate the nearest messenger manually, so the couriers must be on standby. In addition, the difficulty of finding the messenger closest to the package, negoang price and set the delivery service proved to me to eat and inefficient. In return, the shipping process is slowed and call center operating costs are increasing.
The customer is not notified with the final shipping price and thus asked to request confirmation. This operation rearranges the system further by slowing down the customer service team. Developed after completing services that are regionally limited by first-generation systems, the second-genera system implements a centralized delivery system including companies such as UBEReats. The customer places an order through a centralized server where the message then confirms and receives the order to be sent. An important difference between first and second generation is the use of centralized servers instead of several call centers.
The centrallimitaon of this centralized server is the operaonal cost. If the customer orders delivery from UBER, which operates via a centralized server, the customer pays $ 10 USD. UBER gave a $ 2.5 USD credit for their own and the courier received $ 7.5 USD. This means that the customer is responsible for maintaining centralized server operations. That's why we ask: Will centralized server deletion minimize costs?
There are 3 main parts participating in the existing shipping system; Customers requesting delivery, intermediary agent, and messenger. If person A sends a food delivery request to person B, person B then contacts C to initiate delivery. Through this operation, person B receives a 23% commission, in which a large amount of overhead flows towards person B. This organization (structure) raises two critical issues: Unnecessary overhead costs have to be paid from customers and have exclusive messenger in a system ultimately increasing the distance for taking, and consequently the final shipping price.
VOLT is a platform that allows centralized platforms such as Uber, to be decentralized and allow direct delivery via P2P. Uber and other models play the role of Central Controller as an intermediary and receive a fee of 20% or more. The VOLT P2P direct transaction model is an efficient model that aims to eliminate brokerage costs by lowering direct costs to customers and couriers, to less than 5%, or even in the hope of eliminating completely.
The existing delivery model is a centralized model, with a system called Hub & Spoke. This centralized model, including DHL, has dominated the worldwide shipping market. However, the centralized model can not meet the delivery requirements on the same day. VOLT is a blockchain-based P2P delivery model that completes the same day delivery restrictions more effectively than existing models.
The following are core concepts of VOLT such as: Decentralization - VOLT is a decentralized platform. No intermediaries or brokers, which leads to lower cost offered to customers, and also maximize profits for the messenger; Transparency - In VOLT, we offer a transparent environment. All customers and couriers or shipping companies benefit from privacy and transparency of costs and expenses; Security - A secure payment system that allows two authenticated P2P entities to send and receive money held in Token VOLT until after successful service exchanges between the parties.
And here are the excellent features of VOLT: Same Day Delivery - same day delivery VOLT shortens delivery time to 1-5 hours, while 1-3 days in the existing online shopping center. Hub & spoke is a system that collects all the items to be shipped, grouped them, and then delivered to their destination.
This means that every package that will be shipped from 32nd Street to 54th Street in Manhattan, NY will be sent to Delaware for classification and shipped back to Manhattan. This is time consuming and also leads to huge warehousing costs. To overcome this inefficiency, a courier located near the 32nd street collects only what will be sent nearby and sends it as P2P so it can be delivered within a few hours.
The VOLT business model connects customers and couriers, and provides customized algorithms that utilize Big Data and a suitable system that uses smart contracts for easy service delivery. Customers need VOLT coins to use this service. When shipping food, goods, shipping distance, time taken, taking into account the weight of the goods will be determined in accordance with the number of difficulty of work.
VOLT calls this work unit "Jula". For example, if the customer wants to send the item to a point called A 2km away and you need 600 Jula, and 1200 Jula is required to send the same item to B point 6km away. VOLT is developing an optimal algorithm to calculate this amount of work, and will introduce the lowest (auction) auction system for some special shipments.
VOLT coins are required for service buyers to request delivery. That is, to request some performance of Jula, the corresponding VOLT coin is used. This ratio of Jula to VOLT coins is not always constant. The first Jula to VOLT coin ratio starts at 1: 1. The ratio may change according to the price in the market.
VOLT comes in the form of a digital currency named ACDC. The ACDC Token will go on sale from May 18, 2018 to June 7, 2018, at a price of 50,000 ACDC equivalent to 1 ETH. The token purchase itself can be done with foreign digial currency such as ETH. Do not forget, get also purchase bonuses at certain time period.
VOLT itself is the result of teamwork led by Philip Lee, VOLT strives to provide their best capabilities in this project. In addition, the team also strives to provide the best benefits and services, to anyone interested in joining the project.
Volttech has been designed and manufactured by a team of highly experienced technology experts. Team members bring together expertise that gives them an in-depth understanding of the challenges many crypto companies face including legal, regulatory and compliance issues.
So that' s all our ICO project review for this time, hopefully can increase your knowledge in choosing the best project ICO to you invest. If you are interested in joining this project, or intend to buy a token in the sale. You can visit their official website and page below:
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