IOST X dKargo | IOST’s Exploration In Logistics Industry With Lotte Global Logistics’s Partner — dKargo

IOST Foundation
IOST
Published in
3 min readApr 28, 2020

The 10-trillion dollar logistics industry is projected to be worth $15.5 trillion by 2023 and still inclined to grow bigger thereafter. Similar to many industries, logistics faces several challenges, with transparency issues being the most evident one. It is not uncommon to find untrustworthy parties involved in one supply chain.

Blockchain technology is a game-changer in the logistics industry. It is estimated that the blockchain supply chain market will grow to a billion-dollar market by 2023. Thanks to its ability to permanently and securely record transactions, all parties involved can quickly establish trust among each other and take action proactively.

IOST’s enterprise edition Aiou technology is dedicated to offering blockchain solutions in multiple fields and the supply chain is one of its focus. It is able to help enterprises improve supply chain management services, integrating transaction flow, logistics, and capital flow, and building a consensus and immutable infrastructure.

Lotte Global Logistics’s Partner dKargo Joins IOST

IOST Foundation is excited to welcome our new partner node dKargo, a decentralized global logistics project based in South Korea. dKargo is a subsidiary to DeLeo, the supply chain service provider for Kakaopay Express in collaboration with Kakaopay, and Lotte Global Logistics. As a series C startup backed by top Venture Capitals, Deleo provides logistics platform optimized for global E-commerce and currently has more than 150 global brands selling products on its network. Deleo also has more than 150 logistics partners globally, including UPS, China POST, FedEX, CJ Korea Express, and LA POSTE.

Source: https://dkargo.io

Upholding a similar ambition to IOST, dKargo strives to utilize blockchain technology to solve trust issues among participants scattered in the logistics industry and establishing an efficient logistics network based on cooperation that was previously unimaginable.

IOST looks forward to conducting more exploration with dKargo in the field of logistics, just as commented by dKargo’s Business Development Team Lead Seungho Yeom:

With this collaboration opportunity with IOST, dKargo plans to conduct joint research to introduce the real life application of dKargo service through IOST’s excellent technology and network.

In the process, we will actively cooperate so that the technical excellence of IOST can be spread to domestic and foreign industries. In addition, we will work together to further develop the IOST ecosystem.

IOST Node Program Is Always Open & Looks Forward To You Participation

Now, the total staking volume of IOST has reached 4.35 billion, and this number continues to increase on a daily basis. IOST looks forward to working with dKargo to further grow our increasing Korean community.

Since the launch of the Node Program, IOST has successfully attracted more than 400 applicants all around the world, including full-stack developers, experienced community builders, Crypto influencers, IOST enthusiasts, etc. Each of them contributes to the mainnet in a unique and valuable way while earning rewards for their great work as returns. IOST here calls for more potential partner node candidates to join IOST and share a successful ecosystem and rewards. Click here to learn more about IOST Node Program and apply!

Join The IOST Community!

IOST’s Node Program is widely praised as the globally leading staking program by numerous blockchain research institutions with attractive returns, low risk, and ease of use as some of the key program highlights.

If you would like to hang out with the IOST community on chat, social media or to discuss product development, we have something for everyone:

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