Logisticsx ICO Review

pjyeon193
5 min readOct 18, 2018

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1. Introduction

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 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

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

2. Features

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.

Shopping Online Is Easy And Fun

Everyone Can Be Part Of The Last-Mile Ecosystem, improving the parcel delivery experience and earn in the process, reducing your wait time for parcels.

Trustless Connect

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.

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.

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.

3. Team & Advisor

Strong Team

4. Partner

LogisticsX is partnering with the Blue Whale Foundation, a blockchain dedicated to the economy of concerts, where independent workers can participate in a shared economy, ensuring that they rightly recoup their efforts. With this, we empower workers who will lead the next generation’s logistics economy to last-mile

In short, Blue Whale is a decentralised ecosystem that empowers the world’s freelance community. It aims to provide freelancers with benefits that otherwise free-lancers might not have, such as paid-time-off, and retirement pensions.

This partnership will allow LogisticsX to leverage on several services provided through Blue Whale blockchain network to provide freelancers operating in the LogisticsX with freelancers’ benefits

Park n parcel partners

5. TokenSale info

Token : PNP
Total number of tokens released : 1 000 000 000 PNP
Total number of tokens for sale : 400 000 000 PNP
Accepting : ETH, BWX, ICX
Price of the token : 1 PNP = 0,04 $
Soft cap : 2 000 000 PNP
Hard cap : 11 000 000 PNP

6. More Info

Official Website: https://logisticsx.io
Whitepaper: https://logisticsx.io/documents/LogisticsX-Whitepaper-V1.4-11-June-2018.pdf
Telegram: https://t.me/LogisticsX
Twitter: https://twitter.com/LogsXOfficial

7. Conclusion

After looking at their web size as well as their white paper,dev team, advisors, partner of LogisticsX, I saw tt is a good project with diverse prospects, nice vision and a worthy team. My recommendation to join today. Waiting for good results from a strong team and wish a big profit!

Rate : 8/10

About Author
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ETH Wallet : 0x64d6e0774917bcc18bba2b3051283aad4e20afea

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