The Problem Of Secure Shipment Tracking
As a blockchain-based solution, Logix Coin extends traceability and tracking as its core offering.
The logistics industry is primarily affected by operational inefficiencies, fragmentation, infrastructural inadequacies, record management, poor route optimization, costly operations, frauds, and obsolete practices restricting its growth.
To overcome these presiding issues, we have come up with the solution of Logix Coin- a much-needed revolution that has been crafted after years of research and developed using the technology of blockchain.
Delayed in shipments and mismanagement between the stakeholders can cost loss of millions. The block-chain enabled technology in Logix Coin has been crafted as a bridged to build up trust in the supply chain.
By the means of “smart contract,” the suppliers and the receivers can track the consignment in real-time, thereby creating accountability on both ends. Based on the handling of situations, the value of the transported goods can be accessed and managed.
The mechanisms of blockchain in the platform of Logix Coin thus provides with the following benefits:
- Secured shipment of data and goods by the means of “smart contract and blockchain technology.”
- Real-time tracking facility and handling/adjustment of data.
- Real-time monitoring of data and other conditions.
- Access to details on mobile and website applications.
Logix Coin rests on the Binance Smart Chain technology (BSC). BSC is a blockchain that runs parallel with Binance Chain (BC) and is formulated by the Binance Chain community. The Logix Coin is a native of the BSC BEP-20 token and operates on a peer-to-peer model. It supports smart contracts and offers greater compatibility via Ethereum Virtual Machine, thereby ensuring a higher transaction capacity and cross-chain compatibility without inflating the gas cost.
As a BEP-20 token, Logix Coin is an extension of ERC-20 token interface standards that define parameters like token ownership, issuance, transference, etc. It allows developers a great deal of flexibility to configure a varied set of tokens that can range from actual currency to equity — in the present case, the value applicable to the global logistics industry.
Despite the technological advancements, the majority of the logistics operations are still operated using pen and paper. This has resulted in a tedious and decentralised ecosystem. The power of Blockchain in shipment management and delivery in the logistics sector help to create one umbrella platform that is more secure, transparent, user-friendly, centralized and robust. Neither it can be manipulated by anyone, nor can it be tempered with. It makes the users the master of their own consignments, thereby eliminating any third-party and possible fraud.
🛎Reach Logix Coin on: