LogisticsX (PNP) ICO Review
LogisticsX is a decentralized social networking platform that is putting users privacy and satisfaction as its first priority. It is an innovative approach towards transparent and independent means of user data ownership, reward on ads and free of speech. It is the first get paid to content creation and sharing ecosystem that leveraged OCR token payments for its reward system.
|Ico Time||Unknown – Unknown|
|Price||1 PNP = 0.04 USD|
|Soft Cap||2,000,000 USD|
|Hard Cap||11,000,000 USD|
More about LogisticsX (PNP) ICO:
LogisticsX aims to utilise blockchain technology to create a decentralised platform that will transform last-mile logistics. We envision that the trustless nature of our platform will provide the foundation for a harmonised ecosystem, between the different stakeholders involved in the last-mile process such as the third party logistics companies, e-commerce retailers, logistics couriers and end recipients. LogisticsX envisions to set forth a global standard for communications between logistics stakeholders to increase efficiency, transparency, and security in the global parcel delivery network.
LogisticsX offers traceable and verifiable last-mile logistics between multiple Third-Party Logistics players, and incorporates the use of a flexible workforce to complete the final delivery steps. Payment of fees to involved parties, without commission, are an integral and automated component of the platform.
The last mile delivery sector is set for a major revolution where opportunities are abound. Not only does the booming e-commerce industry bring about a urgent need for smoother logistics flow, it also presents an opportunity for wider economic empowerment through the involvement of more flexible workers in the logistics ecosystem.
The large headroom for growth for this sector also calls for more transparent and seamless integration between the different stakeholders. A continual demand by customers for faster, better, cheaper – and now, fairer service must also be met through innovation.
The last mile delivery sector is set for a major revolution. This sector is presented with an enormous growth potential driven largely by the booming e-commerce industry. At the same time, there is also an opportunity for the sector to create wider economic empowerment through involving more participants in the logistics ecosystem. At the heart of any innovation is the customer, where there is a continual demand for faster, better, cheaper – and now, fairer service.
To capitalise on all the opportunities, a solution must first be designed to overcome inherent challenges that plagues the current system. We have identified three (3) key challenges currently faced by last mile logistics companies globally. The first key challenge is the high parcel delivery failure rate, which will undoubtedly increase the cost of operations due to the need for redelivery. The second key challenge is the low efficiency in parcel delivery, this is caused by the wide utilization of the traditional “Hub and Spoke” delivery model, where parcel delivery routes are highly affected by any delays in the central warehouse. The third challenge is the poor treatment of on-demand logistics couriers, these individuals have openly voiced out their unhappiness with regards to the lack of employment benefits and harsh work culture. Hence, we think there is a need for a system that will ensure parcel delivery can be performed in a low cost and efficient manner is of paramount importance to meet the growing demands.
LogisticsX aims to utilise blockchain technology to create a decentralised platform that will tackle the challenges mentioned above. It is envisioned that the trustless nature of the platform will provide the foundation for a harmonized ecosystem between the different stakeholders involved in the last-mile process such as the third party logistics companies, e-commerce retailers, logistics couriers and end recipients. With various technologies and connection methodology used between the logistics stakeholders currently, LogisticsX envisions to set forth the global common standard for the connection between logistics stakeholders to increase efficiency in a global parcel delivery network.
Moreover, due to the shared nature of the ecosystem, LogisticsX believes that the future of last mile logistics will have more stakeholders involved than the traditional “Hub and Spoke” model. Freelance individuals will be able to participate in various segments of the delivery process. Additionally, logistics companies will also have a new way to redirect their deliveries to the nearest Parker Point (explained below) to receive parcels on behalf of the end recipient. Lastly, the platform also aims to improve the compensation of on-demand logistics couriers by establishing close collaborations with strategic partners such as Blue Whale Foundation (“Blue Whale”). We aim to leverage on their potential capabilities to provide freelancers operating in the LogisticsX ecosystem with more comprehensive and sustainable benefits.
To sum, LogisticsX aims to transform the last mile delivery sector by increasing traceability and transparency while reducing the fragmentation currently present between stakeholders and actors in the logistics business.
Introducing Freelance Stakeholders into the Logistics Ecosystem
With the rise in sharing economy services such as Uber and Airbnb disrupting the traditional transportation and hospitality industry respectively, logistics stakeholders are increasingly turning to crowdsourcing of freelancers to fulfill deliveries from retail stores or distribution centres.1 The aim to have more freelance logistics stakeholders is to increase the efficiency and reduce cost of last mile delivery as depicted in a research paper published by The Logistics Institute of Asia Pacific at the National University of Singapore.8
LogisticsX will introduce the concept of freelancers delivering parcels on an adhoc basis (“Runners”) between the collection points and end recipients. Freelancers may also opt to use free spaces in their homes or shops to operate parcel collection points (“Parker Points”).These freelancers operating these spaces will be referred to as parkers (“Parkers”) in this Whitepaper.
Figure 4 below shows the traditional model, where there is only an average of three (3) stakeholders in each end-to-end parcel delivery from collection point A (Retailers) to delivery location B (Recipient). LogisticsX believes that increasing the stakeholders involved in a each parcel delivery order will make the process more efficient. This is due to the rise in sharing economy where individuals are able to perform collection or delivery services at their convenience, which increases manpower during peak delivery periods.
As depicted in Figure 5 above, LogisticsX will aim to utilize the network of Parkers and Parker Points as provided by Park N Parcel. This will serve as the backbone of the decentralised last-mile logistics network that LogisticsX will be building.
Parkers are introduced into the end to end parcel delivery process to house parcels near to the final address of the end recipient. In the event of a missed delivery, the 3PL can deliver it to the nearest Parker Point operated by Parkers instead of going back to the 3PL warehouse. They can then instruct the end recipient to collect it at the Parker Point, which saves the need and cost for redelivery. Additionally, with parcel tracking information being distributed on blockchain, Parkers would benefit from the adoption of LogisticsX. They would have access to real-time overviews on the status and detail of the parcels, which might previously have been unknown or unavailable to them, since 3PLs do not usually furnish such information to Parkers who are not final recipient of the parcels. This improved transparency for Parkers may allow them to plan their space and inventory with greater efficiency.
With the rise of sharing economy, LogisticsX will introduce the concept of freelancers delivering parcels on an adhoc basis (“Runners”) between the collection points and end recipients. This aims to reduce the time taken for each parcel to be delivered. For Runners, LogisticsX will either build its own network or leverage on existing sharing economy platforms.
Runners are intended to provide the last leg of delivery to the recipient doorstep. For example, when the recipient is home and wishes to have his parcel delivered to him within the next hour, a Runner would be notified of this job within the LogisticsX mobile and web application and would fulfill the delivery. Recipients may use real-time tracking through the geo-positioning of the Runner to provide greater transparency of tracking the parcel.
Freelancers will be able to sign up as a Parker or Runner using the LogisticsX mobile or web application, this will allow them to participate in the logistics sharing economy at their convenience. With the introduction of more freelance stakeholders, LogisticsX envisions the last mile delivery to be more seamless and efficient in the near future. This also has the potential to bring about economic empowerment through the creation of new work opportunities.
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