Supply chain fulfillment in developing countries: Coming soon!
Olam use case #41 out of 953
In 2018, supply chains in developing countries usually fare somewhere between terrible to non-existent due to a severe lack of participating supply chain parties. That’s the thing with chains: If one link is missing, it’s not really a chain after all. If you have access to ships but can’t find a trucking company to pick the container up, the operation can’t be sustained (which is part of why it’s so darn hard and/or expensive to shop online in developing countries).
A global logistics standard like Olam means small logistics companies will be free to accept fulfillment challenges and bid for open contracts to fulfill various legs in a supply chain. Any company with even 2–3 trucks can see an open contract and bid to compete over fulfilling it, without needing to be a massive company with a large fleet of vehicles.
Furthermore the existence of such a network could incentivize entrepreneurs in developing countries to purchase vehicles needed to fulfill sections of a global supply chain, lending themselves to a vibrant and rapidly expanding ecosystem which will DRASTICALLY reduce prices for everybody involved. Uber for shipments, anyone?
Olam Foundation is launching the only truly neutral, open-source logistics IT platform, supporting both legacy paperwork and future smart-contract-based transactions as part of its global logistics ecosystem.
To learn more about the Olam Foundation, its vision, and it’s token generation event, join us on Telegram or reddit! The project’s whitepaper and proof of concept (in real-time) can be accessed via the website http://olam-platform.org.
