White paper: Building the Blockchain Logistics Protocol
2.4 Token Economics
OPN is a Digital Token Driving the Data Economy of the Logistics Protocol
Information from these various sources are qualified against multiple criteria before packets are packaged into blocks that make up different parts of available workflows, or they are connected to active shipments to form supporting data types like tracking information, shipment events, or as part of the resulting ePOD.
Ultimately, the distributed nature and granularity of the information enables various stakeholders in the supply chain with access to varying levels of data. The unique application of micro-rewards to the transport network drives adoption and subsequently increased validity of various data points, thereby contributing to the ability to generate various recommendations such as (1) most cost-effective delivery windows, (2) optimized goods to asset type, (3) or sustainability recommendations like CO2 impact per freight movement.
Value of Exchange and Micro-Rewards:
- A key function of OPN is to reward logistics operatives for submitting information to the network:
- Active Micro-Rewards: incentivise sharing of information for specific shipments (pick up events, picture uploads, delivery events etc.) as determined by the principals.
- Passive Micro-Rewards: encourage sharing of information for the benefits of all actors on the network. The OpenPort Marketplace governs passive micro-rewards.
Currency and Store of Value:
OPN can be used as a currency for:
- Fast payment for transport services secured by smart contracts linked to the Protocol.
- Payment for SAAS powered by the Protocol.
- Shipper, transporters and other third party need to hold a minimum of one token to access OpenPort’s Protocol and Platform.
- Access to OpenPort analytics and dashboard.