SyifaQhollby98: VOLT - a platform that allows centralized platforms such as Uber, to be developed in a decentralized way

https://volttech.io/

What is VOLT

VOLT is a platform that allows centralized platforms such as Uber, to be decentralized and allow direct delivery via P2P. Uber and other models play the role of Central Controller as an intermediary and receive a fee of 20% or more. The P2P VOLT direct transaction model is an efficient model that aims to eliminate brokerage costs by lowering direct costs to customers and couriers, to less than 5%, or even in the hope of eliminating completely.

The existing delivery model is a centralized model, with a system called Hub and Spoke. This centralized model, including DHL, has dominated the worldwide shipping market. However, the centralized model can not meet the delivery requirements on the same day. VOLT is a blockchain-based P2P delivery model that completes the same day delivery restrictions more effectively than existing models.

Challenges and Solutions

The delivery service market has grown dramatically and means growing further in economic sense. However, the current price services, speed of delivery speed, inadequate quality and not allowing for a big trap. To resolve this issue, Developer VOLT project.

The existing shipping platform is built on Hub & Spoke's centralized model. DHL and other companies that have evolved and applied in the world by applying this model. Unfortunately, these centralized models have limitations in offering "Same Day Delivery". To improve this system and improve efficiency, the blockchain-based P2P delivery model developed VOLT.

VOLT's core business utilizes Big Data technology. Big Data Utilization by VOLT to automate a more user-friendly service system.

Imagine a world that allows you to send secret documents or investors with just a few touches. VOLT's innovative Demand-delivery system will open a new paradigm, the comfort of another era of comfort

https://youtu.be/hbP4aAKA3E8

How it works in the Market

The VOLT business model connects customers and couriers, and provides customized algorithms that utilize Big Data and a suitable system that uses smart contracts for easy service delivery. Customers need VOLT coins to use this service When delivery of food, goods, shipping distance, time taken, taking into account the weight of the goods will be determined in accordance with the number of difficulty of work. We call this work unit "Jula". For example, if the customer wants to send the item to a point called A 2km away and you need 600 Jula, and 1200 Jula is required to send the same item to B point 6km away. VOLT is developing an optimal algorithm to calculate this amount of work, and will introduce the lowest ( auction ) auction system for some special shipments.

VOLT coins are required for service buyers to request delivery. That is, to request some performance of Jula, the corresponding VOLT coin is used. This ratio of Jula to VOLT coins is not always constant. The first Jula to VOLT coin ratio starts at 1: 1. The ratio may change according to the price in the market.

features

Same Day Delivery

Same day delivery VOLT shorten delivery time to 1-5 hours, while 1-3 days in existing online shopping center. Hub & spoke is a system that collects all the items to be shipped, grouped them, and then delivered to their destination. This means that every package that will be shipped from 32nd Street to 54th Street in Manhattan, NY will be sent to Delaware for classification and sent back to Manhattan. This is time consuming and also incurring huge warehousing costs To overcome this inefficiency, a courier located near the 32nd street only collects what will be sent to nearby and sends it as P2P so it can be delivered within a few hours.

There are various regulations and requirements for shipping service in every country and region. However, technically there is no way to set the VOLT user. Therefore, VOLT users do not need to spend time and money to comply with these regulations.

Core Concept

Decentralization

VOLT is a decentralized platform There is no middleman or broker, which leads to lower the cost offered for customers, and also maximize profit for the messengers.

Transparency

In VOLT, we offer a transparent environment. All customers and messengers or delivery companies benefit from the privacy and transparency of the fees and expenses.

Security

A secure payment system that allows two authenticated P2P entities to send and receive money that gets held in VOLT Tokens until after a successful exchange of services between the two parties.

Token Flow

Customers who need services can purchase coins from Exchange. A customer will buy 100 coins for a shipping service that costs 100 coins. The customer will pay 100 coins to VOLT where VOLT is on demand to the courier. After the service is complete, VOLT transfers 95 coins to the courier. Approximately 5% ( tariffs can be adjusted to maximize profits ) coins are used as commissions for corporate profits. The Company sells coins earned to the Exchange to generate income in use to defend the company or give dividends to VOLT shareholders, but not to the coin holders. If this process runs through the cycle, the coin demand will eventually be higher than the supply of the Exchange, which results in higher prices for the coins. Combination of the algorithm and the current coin price, VOLT adjusts the value of the coin / Jula. In the long run, the coin / level of Jula will increase, and thus can have higher Jula with 1 VOLT Coin. And consequently increase the value of Jula.

The above example assumes a situation where 1 VOLT equals 1 Jula, and the cost VOLT charged for the sender of the message is 5% of the consumer price regardless of the VOLT-Jula calculation rate change

Fund Allocation