LOGISTICSX

UPIK05

INTRODUCTION

LogisticsX aims to develop a decentralised blockchain network with the vision of connecting global logistics stakeholders including e-commerce retailers, third party logistics (“3PLs”), individuals managing Parker Point (“Parkers”), individuals couriers delivering parcels (“Runners”) and parcel recipients in a multiparty trust free network as shown above in figure 2.

LogisticsX will seek to demonstrate how blockchain technology can be used to solve the challenges and tap on the opportunities as mentioned in the preceding section. Based on a published report by DHL and Accenture, blockchain technology has shown potential capabilities to improve the transparency and traceability in the last mile logistics network.11 This will potentially allow more parties to be involved in a trustless ecosystem.

Over the last two (2) years, our team has experienced the challenges and pain points as mentioned in section 1. We saw the pressing need to create a global solution in order for logistics companies to meet the demands of the future. Hence, armed with our collective knowledge and experience, the team set out to utilise blockchain technology to solve the pressing challenges and tap on the opportunities presented above through the implementation of the LogisticsX platform.

Vision Of LogisticsX

REDUCE MISSED PARCEL DELIVERIES

LogisticsX connects global e-commerce retailers and logistics companies with Parker Points in an optimised manner, this will effectively reduce the number of missed parcels.

INCREASE PARCEL DELIVERY EFFICIENCY

Efficient multiparty ecosystem that ensures global logistics deliveries can be in a trustless and immutable manner.

IMPROVE EMPLOYMENT CONDITIONS OF FREELANCE LOGISTICS COURIERS

Provides freelance logistics couriers an opportunity to obtain employment benefits in the sharing economy model.

LogisticsX First Partner – Park N Parcel

We intend for our first partner to be Park N Parcel, due to its strong extensive network with logistics stakeholders.

How does Park N Parcel work

Park N Parcel recruits neighbours and neighbourhood retail shops as parcel collection points (“Parker Points”). As of May 2018, the numbers have grown to a vast network of more than 1500 Parker Points across Singapore alone. Park N Parcel aims to further expand their network of Parker Points across Asia.

Additionally, Park N Parcel has been serving major stakeholders which consist of international third party logistics companies and E-commerce retailers, which includes more than 30 merchants and a community of 2000 online sellers.

There are direct technical infrastructures with their existing partners to obtain instant logistics booking details, to receive immediate notification of the parcel status and volume estimation which ensures a smooth and efficient end to end parcel delivery.

The following list indicates some of Park N Parcel existing partners:

LogisticsX aims to transform the last mile delivery sector by increasing security and transparency while reducing the fragmentation between logistics stakeholders.

Shopping Online Is Easy And Fun

Waiting Around For Your Parcel Isn’t.

Trustless Connect

Let the parcel speak for itself.

At the heart of the network, Trustless Connect is our indelible ledger upon which all our parcels will be tracked on. No one Logistics Provider is able to reverse changes without the other knowing. By protecting parcel transit details in the blockchain, there is no longer a requirement to require implicit trust between Logistics Provider records.

Real-time, immutable timestamping

With parcel movement timestamps cryptographically locked into the blockchain, with real-time transactions enabled via loopchain technology, every participant will have the same point of reference, with tempering being virtually impossible.

Transparent interoperability

With each parcel going through so many different logistics providers, sharing common information on a parcel’s status is crucial. Logistics Providers will just need to create transactions in the blockchain to signal transfer of responsibility at FOB points.

Everyone Can Be Part Of The Last-Mile Ecosystem

We envision a new logistics last mile market, where any individual can contribute to improving the parcel delivery experience and earn in the process, reducing your wait time for parcels.

Parker Service

Now anyone can open up free spaces in their homes or shops (“Parkers”) as a parcel collection points for your neighbours. Help your neighbours reduce the distance of travel for last mile collection and get paid for it.

Runner Service

Anyone can also sign up to be a freelance logistics courier (“Runners”). Earn from delivering parcels when you’re walking or driving back home from work.

LogisticsX & Blue Whale Foundation

LogisticsX has partnering with Blue Whale Foundation, a blockchain tailored for the Gig Economy, where independent workers can take part in the sharing economy, while ensuring that they are fairly reimbursed for their efforts. With this, we are empowering the workers which will power the next-gen last-mile logistics economy.

Rewarding Stakeholders

Advancing logistics towards a decentralised, gig-based economy requires a way to pay and reward all stakeholders. Our collaboration with the Blue Whale Ecosystem will allow us to do so, ensuring everyone get paid their dues.

Contribution Activity Manager (CAM)

Leveraging on Blue Whale Foundation, the Contribution Activity Manager will keep track of rewards earned by gig economy participants, through their activities.

For example, Runners who complete a certain number of parcels in a week will be given a bonus reward via this system.

Reward Bank (ReBa)

The Reward Bank is the means of receiving and disbursing payouts and reward tokens to the stakeholders.

With this system, we are able to ensure transparency and trustworthiness in the distribution of LogisticsX tokens.

Transforming Last-Mile Logistics

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.