Logix Coin- The Technology Used & The Future Envisioned
An AI-powered cryptocurrency and blockchain-enabled solution that envisions revolutionizing the Logistics sector and facilitating national and international trade.
The Logistics sector forms the backbone of global and regional trade. However, much like other sectors, the present functioning of the industry is too crippled with certain problems. The logistics sector is affected by industrial inadequacies, fragmentation, operational inefficiencies, data misuse, poor route optimization, record management, costly operations, and obsolete practices. These factors not only make the operations redundant but also hampers growth and efficiency.
To overcome the challenges and give the logistics sector the much-needed technological and digital push, our experts have come up with the solution of- Logix Coin after years of market research and study.
Logix Coin rests on the Smart Chain (BSC) technology and is a native BSC BEP-20 token operating on a peer-to-peer model. Binance Chain was launched in April 2019 by Binance. The primary objective of it is to facilitate fast and decentralize (or promote non-custodial) trading.
BSC, which is best described as a blockchain, runs parallel to the Binance Chain and effectively boasts smart contract functionality and compatibility with the Ethereum Virtual Machine (EVM). It thus enjoys a high transaction capacity and cross-chain compatibility without further inflating the gas cost.
Furthermore, the BSC is not a mere off-chain or layer two scalability solution. It is an independent blockchain solution that could even run if Binance Chain went offline. Thus, needless to say, the technology that goes into the making of Logix Coin is revolutionary.
As a BEP-20 token, Logix Coin is an extension of ERC-20 (Ethereum Request for Comments) token interface standards that define parameters like token ownership, issuance, transference, etc. The platform of Logix Coin allows the users with the much-needed flexibility to configure a varied set of tokens that can range from actual currency to equality. It envisions bringing together the global economy and promoting trans-border trade.
Logix Coin provides a platform for industrial logistics operations of trans-border cargo vehicles — drones, trucks, ships, and others. It enables a paperless solution of logistic flow and empowers the sector with an AI-driven block-chain enabled token option.
Also, Logix Coin allows the users to make token withdrawals and deposits that correspond to actual financial transactions without encountering the high transaction fees associated with Ethereum. It tokenizes a reserved asset, such as cryptocurrency, for use on different blockchains.
Thus, Logix Coin holds the key for working on the existing problems and revamping the logistic industry.
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