White paper: Building the Blockchain Logistics Protocol
OpenPort is Part of the Blockchain Ecosystem Creating a New Era in Emerging Markets Enterprise Transportation and Logistics
At OpenPort, we are committed to solving one of the greatest challenges in the modern supply chain – the cash flow problem.
With paper POD as the de facto standard, we aim to change the industry through the adoption of electronic records. We are already doing this today, with our digital ePOD (electronic proof of delivery) being used to improve cash flow for clients across Asia. This technology is facilitated by our ecosystem which includes our OpenTM (transport management) software and Driver App, an application that allows truck drivers to use their phones to capture ePOD and send shipment data during transport.
Now, we are using blockchain technology provided by the OEL Foundation to create an immutable ePOD with an indisputable record of the freight’s history, linked to a digital agreement – a ‘smart contract’.
Digital payment via the OPN Token (OPN), made upon fulfilling the conditions of the smart contract and successful ePOD, will drastically accelerate the payment cycle to the benefit of all parties.
To learn more about the OEL Foundation, and read the full whitepaper, please visit https://oel.foundation