Lohncontrol: What is lohn ?

Lohn
Lohn
Nov 6 · 2 min read

After World War II, human society entered a new stage of development and the appetite for consumption led to the emergence of a new industrial revolution. The profit maximization chase pushed consumer goods manufacturers to look for cheaper production options.
Thus, in the 60s, the outsourcing of a part of production in emerging countries that had the advantage of both cheap raw materials and low labour costs seemed the most convenient way for most big producers.

Industries such as textiles, footwear, electronics and home appliances, machine building, wood industry through furniture production and many others have seen the huge potential of lohn industrial production. World-renowned brand owners have become engaging buyers and have provided expertise and markets while emerging country manufacturers have integrated the production of goods on demand and absorbed a huge and cheap labour force in their home countries. All parties involved were winning. The brand owners had found a way to grow their profits steadily and the manufacturers had the opportunity to gain access to the rich markets and to develop their national economy. However, the advantages came with disadvantages and imbalances. The strong ones became even stronger and those who depended on them had to accept their increasingly restrictive conditions and especially the labour cost policy.

Why lohncontrol.com ?

lohncontrol.com is a real business project that will build a trading platform called lohncontract.com for processing economy in over 30 industry branches. On this platform, the companies from developed economies will be the buyers and will launch production orders for various consumer goods to the production companies in emerging economies that can produce commodities at competitive prices due to the cheap labor they have and the proximity of raw materials at low prices. lohncontract.com will evolve as a complex ecosystem in which besides buyers and manufacturers will be present the suppliers of raw materials, logistics, quality management, industrial process management, legal services and settlement of payments between the parties. The relationship between them will be managed in blockchain through the lohncontrol smart contract.

At present, the annual production achieved in lohn globally exceeds 10,000 B $, representing 10% of Gross Domestic Product. The target of lohncontract.com platform for next years is 0,1% from this statistic.

Lohn

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Lohn

Lohncontrol develops a B2B platform for processing economy and proposes a innovative consensus protocol, Proof-of-Tasks, derived from Proof-of-Stake.

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