Indiegogo: Why should we build a future of decentralization?
“Decentralization isn’t about the best dApp platform, it’s about the shared energy, wealth, resources and power of the human species, to find the most optimal way to evolve as an organism that deserve to live and to do good in the galaxy. It’s about the root essence of what energy and money means, to the future of humanity,” wrote Michael K. Spencer in his Medium article, The Future of Decentralization .
Here at ParcelX, we aim to be more than only an app for effective cross-border parcel delivery. In fact, we strive to usher in a new era of decentralization in the cross-border logistics industry.
Leveraging on blockchain technology, ParcelX will connect shippers, logistics service providers, logistics integrators and consumers through the architecture of a distributed and decentralized ledger system.
For example, with a well-connected network of worldwide service providers, online shoppers can now enjoy more quality cross border delivery options, in line with their schedule and budget. Additionally, anyone or service provider can trust and participate in the ecosystem through revolutionary blockchain Technology.
As the world’s first blockchain-powered parcel network, we will provide a radically transparent, efficient and inexpensive service for consumers.
OPENSEA.PRO sums up the major advantages of deploying blockchain as follows:
Quick processing time and real-time updates
Instead of mailing the documents to various parties, the exchange of information is instant and proceedings which are taking weeks to be completed can be done within a few minutes. Blockchain technology will also automate tasks that are typically accomplished manually.
Since all the execution of contracts and other processes are automated, there is a lower possibility of errors.
The information is stored in a place where everyone can have access as long as the user has the required access key. This gives full transparency to market participants and also the counter-party risk is simply assessed when anyone can have access to the By each party.
All information is encrypted, something which adds security on its own. The fact that users cannot tamper with the system and amend the information stored in the blockchain protects the market from fraudulent activities and manipulations.
A big part of the trade financing costs is related to documentation, procedural delays, discrepancies or errors. These costs can be omitted and total cost currently spent for various intermediaries will be avoided and replaced by a much lower cost of the blockchain.
Easier access to the market
Everyone can have access to the blockchain technology and therefore the entry barriers will be able to develop direct communication without the need of intermediaries and the overall chain will become lighter.
For example, according to an article in International Business Times , IBM estimates that the implementation of blockchain or going entirely digital can save shipping carriers about $38bn per year. IBM and Maersk have already carried out a test case using a batch of avocados shipped from Mombasa to Rotterdam. While the calculated costs of the shipping container itself is more than $2,000 , the cost of associated paperwork comes to $300 (15% — 20% of total costs). To think about 70 million containers are shipped each year.
Join us at ParcelX in our mission to build a global cross-border parcel delivery ecosystem that will be able to contribute to a sustainable future!
Visit our page on Indiegogo and support ParcelX today!