Obortech x Satoshi Club AMA Recap from 29th of July
Welcome to another episode of our AMA series. Today we are glad to tell you about the AMA session with our friends from Obortech, a project with strong fundamentals addressing real-life problems. The AMA took place on July 29 and our guest was Tamir B., CEO and Founder of Obortech.
The total reward pool was 500$ and was divided into three parts. In this AMA Recap we will try to summarize some of the most interesting points for you.
PART 1, INTRODUCTION AND COMMUNITY QUESTIONS
Mary | Satoshi Club: Hello Satoshi Club! We are happy to announce our AMA session with Obortech! Welcome to Satoshi Club. @B_Tamir welcome here.
Tamir B: Thank you. I’m happy to be here with you all.
Gold Rocket | Satoshi Club: Let’s start! Introduce yourself. How did you get to be involved in crypto & OBORTECH? Tell us please about yourself and your position in OBORTECH.
Tamir B: I’m CEO and Founder of OBORTECH. Before the project, I was a project developer and communicator for international development projects that were implemented by governments of USA, Switzerland, Mongolia, etc. Most of their projects were implemented in transportation, energy efficiency, and mining sectors. I also have passion for UX/UI design for over 10 years and always wanted make things simpler with design ideas. As for the crypto industries, I was one of the passionate people who joined the 2017–2018 bull run and learned a lot about the blockchain and crypto back then. Based on my professional experience international development project, a passion for design to make things simpler, and interest in crypto/blockchain, I started the OBORTECH project in 2019 with my colleague.
Gold Rocket | Satoshi Club: What is the essence of your project?
Tamir B: We are aiming to solve one of the most complex and big problems faced with any economy of the world, which is supply chain inefficiency. OBORTECH aims to create the Smart Hub, a fully digital ecosystem where all actors in supply chain remotely collaborate in a decentralized and democratic blockchain network.
Gold Rocket | Satoshi Club: Also we would like to know about your team. Who is on the project team?
Tamir B: Sure. We ourselves have been in logistics and project development fields for a long period of time. Our co-founder has been in the logistics sector for over 20 years, and now leads one of the biggest logistics companies in Mongolia. Our Chief Counsel/Lawyer is Harvard Graduate and has extensive experience in corporate law and regulations. Our CFO/Finance person has over 20 years of experience in central banking, financial and investment institutions. Our blockchain architects have also been in software development for 20 years and in the blockchain field for 6 years. We have a team of veterans for their respective fields.
We are an international team. Some of us working in our office, and others working remotely from different parts of the world. Also current pandemic situation urges us to work remotely even when we are in a same region. So, I think working as a remote is a new norm for all of us.
Q1 from Telegram User @josegamboac
The world’s current situation, necessitates the adoption of emerging technologies in the transportation and logistics industries. People all over the world have now realized the importance of blockchain and other newer technologies in supply chains. As a platform developed in Blockchains and the crypto world, what is the contribution that Obortech makes to the current global situation of pandemic by Covid 19?
Tamir B: Good question. Some recent studies show supply chain managers are now more aware of importance of technologies for smart logistics. Because, the Covid 19 tested all our readiness and agility to react quickly on unexpected situations. On that, smart and agile supply chains were winners. From now on, it will more require digitization of all sectors. So, having smart logistics underpinned by emerging technologies like blockchain and IoT is imperative for all companies now. Simplest example is we need fully digital ecosystem in supply chain that everyone not physically interact to exchange paper based information to avoid contagions.
Mary | Satoshi Club: So, with your system we won’t need any paper documentation?
Tamir B: Yes. All is digital. Even though you need to exchange paper document via old way, you can scan your document and our system will read and convert it to digital document using OCR technology. And your colleague on other side can accept your document remotely using blockchain based validation on our system. So, you won’t need to deliver your paper based document in person.
Q2 from Telegram User @orlemys
I read that you offer IoT sensors for real time visibility and tracking, as this is a key feature in your project, I’d like to know what is this IoT technology, how efficient and accurate it is, and if it’s up to industry standards, or if it is more experimental? Also, more importantly, how safe is this tech against hacking, in fact how safe is your overall platform against hacking and theft?
Tamir B: Alright. The biggest advantage of IoT technology is you can get the real-time data of movement and condition of the cargo installed with IoT without needing to call freight forwarders or transporters. We are using IoT sensors and installing them on trucks and containers that monitored via our platform. So, it can monitor location, temperature, sealing, humidity of the cargo in real-time for you. Actually, all IoT sensors we are using in our platform have already been commercially accepted and used in the industry. As for the security issue, we are using industry accepted technologies that are already being used by big companies. For instances, our blockchain platform is based on Hyperledger Fabric, which is used by many big enterprises. Our IoT sensors have already gotten many security standards and widely used by many companies. So, there will be less chance of hacking these technologies.
Gold Rocket | Satoshi Club: By the way, if an insured event occurs and the goods are either stolen or damaged, who compensates for the loss of customers?
Tamir B: It will mainly depend on the terms of the service between parties and established contract between them. However, our system’s role will be informing all the parties in real-time whenever there is sealing breach in container or shipment route deviations. Since all events are registered on blockchain and responsibility of any party will be identical on our platform, the disputes will be resolved quickly between parties on our platform. As for the traditional systems, such disputes take months to be resolved because of lack of audit traces and trusted information about the events.
Q3 from Telegram User @Asela1112
Using CERTIK, Obortech audited the Smart contract. But when I took a look, 93% tell Obortech secure & remaining 7% say it is insecure. Why is that? In CERTIK audit report, safety assessment is in average level as they mentioned. Will you take actions to evolve Obortech platform as a more safety platform? you have audit just one time even you start Obortech concept in 2019. As I think, Obortech should be audited 3 times at least by 2021. So will you bring more audits in future to the Obortech ecosystem?
Tamir B: Sure. It is just a starting point. We’ll do more work on our platform and get more audits not only by Certik but also by different agencies for different parts of the platform. For instance, we are aiming to get GDPR compliance audit by third party agency this year on our main platform. GDPR is a data protection and privacy regulation by European Union. The GDPR compliant platform means it’s users personal data is protected and more control is given to its users. One of the most important factor for decentralization.
Q4 from Telegram User @Arisabela
There is an alliance between Obortech with logistic companies and governmental institutions from Mongolia, Europe and Australia. Can you explain to us what problems in these countries you intend to solve with OBORTECH digital solutions? How important is this participation especially with the Mongolian companies for the project?
Tamir B: A major problem OBORTECH is trying to solve is supply chain inefficiencies caused by mistrust between parties and absence of unified information exchange. Particularly in Mongolia, there is a trust gap between regulators, private sectors, and even between border and regulating agencies in neighboring countries. Because of these, there are more complicated and manual procedures lagging shipments and trade processes between parties involved in business relation. So, we are collaborating with logistics companies, exporters, regulators, international organizations in Mongolia to build unified data exchange digital platform based on blockchain and IoT for all actors. So that trust is built between them and create more smooth process of trade and logistics.
Mary | Satoshi Club: Which countries are you expect to work with in the nearest future?
Tamir B: We’ll start from Mongolia first. However, we’ve received some early interest messages from companies in Germany, Belgium, and other European regions. Once our main platform is launched, we’ll do more marketing in regions other than Mongolia.
Q5 from Telegram User @Highpee
Your total token supply is 300,000,000 and out of this, 20% is reserved for team, 3% for management whereas 43% is kept as ecosystem reserve. Why do you allocate a high % of token to the team which is almost equal to the 23% of $OBOT you sold to the public during token sale? What is the difference between the team and management allocation? Is the founding team different from management team or why are they having separate allocations? Also, what is the purpose of the ecosystem reserve and why is almost half of your token allocated for this purpose? Who controls the administration or utilisation of this fund and when is it released?
Tamir B: As for the 20% allocation of team tokens, those are locked for 2 years with 25% release every 6 months. That means, all that tokens for the team can’t be released in a single time. For tokens of management, those are locked for full 2 years and reserved for future management of the team in a long-run such as third party advisory board members etc.
The ecosystem reserve is the tokens for future release of different activities similar with other tokens in the market. As you can see that there are many well-known crypto projects that just released only less than 20% of their total token supply and keeping their remaining supply for future activities.
Gold Rocket | Satoshi Club: By the way, share your tokenomics with us please.
Tamir B: you can see it on our website at https://www.obortech.io/obot-defi
Mary | Satoshi Club: Which activities do you plan in the nearest future?
Tamir B: Our major aim now is to launch the Smart Hub this year and do more marketing after that. We’ll produce more use-case videos and contents afterwards. Also expect more partnership news this fall. We are having many discussions with different parties at the moment for collaboration opportunities. We’ll release their news only after the confirmation of the formal collaboration.
Q6 from Telegram User @nhairym
OborTech is only available on Uniswap and ProBit Global exchanges, as is the purchase process, have you considered joining other chains and creating a more adaptable and accessible space for your investors and buyers? Do you have a pre-sale process planned soon, how do you see the project in the long term, what are your projections to close this year?
Tamir B: We are thinking of possibilities migrating to BSC, Cardano etc. But, currently waiting our main platform’s development. We are also thinking of third exchange but that needs to happen only after the Smart Hub launch.
PART 2, TELEGRAM COMMUNITY LIVE QUESTIONS
The chat was open for 120 seconds; a lot of questions were posted by Satoshi Club community. Our guest chose some of them.
Q1 from Telegram user @potentialsake
You have a feature named Smart Hub so what is Smart Hub and what are the features of Smart Hub?
Tamir B: The Smart Hub offers:
- Blockchain and cloud powered communication hub,
- Tamper-proof, unified and online document exchange,
- IoT based real-time visibility and tracking,
- Open and decentralized networking marketplace.
Explore more on our website.
Q2 from Telegram user @coinresearcher
Where do you get IoT sensors? Do you manufacture them?
Tamir B: We collaborate with leading IoT sensor producers trusted by big brands. We combine their devices into our platform service as a one-stop solution for both blockchain and IoT.
Q3 from Telegram user @Einsteinyl
I’m just curious, do Obortech token have burn&buyback feature for the token, could you introduce how the mechanism work for burn or buyback from your project?
Tamir B: Every basic transaction for the Smart Hub, paid for in OBOT is split in the following ways:
- 70 % to OBORTECHglobal OÜ as a Network Admin fee,
- 10 % to marketing & new user growth pool,
- 10 % to community building pool,
- 5 % returned to OBORTECHglobal OÜ for Non-Profit/CSR Activities,
- 5 % IS USED FOR TOKEN BURNS TO PROMOTE SCARCITY OF THE TOKEN.
Q4 from Telegram user @orlemys
One thing that makes me curious about your project, is its governance system. You are a decentralized platform, with community governance, but it is stated that Smart Hub members are the ones to invite and approve any new members. And this is quite confusing, when you refer to Smart Hub members, who are you referring to? Can all users be Smart Hub members? How can we become one?
Tamir B: The Members are organizations using the Smart Hub platform. In supply chain, business data privacy is the most important. So, the Smart Hub platform network members should know who is joining their network. OBOT token holders are a separate community. If you want to join the Smart Hub, you need an organization operating in supply chain.
Q5 from Telegram user @Korryl
Well from what I read on today ama, Obortech really a great project, may I know about Obortech public sale and presale? where will Token listing? Any info regarding future list on exchanger?
Tamir B: Thank you. Our presale is finished. Currently, OBOT is traded at Uniswap and Probit. You can see their links from here: https://www.obortech.io/obot-defi
Q6 from Telegram user @KASG95
You mention that with Obortech users can exchange services in the Smart Hub Marketplace, but how will it really work? How can these services be exchanged? If so, will these services be NFT tokenized?
Tamir B: This feature will be introduced when the Marketplace part of the project is developed in 2022. It will be done via smart contracts on the platform between users. We are not clear at the moment to integrate NFTs, but will consider it.
Q7 from Telegram user @xperia3
Obortech have 2 headquarters according to its website and these are in Estonia and Mongolia. Which one of these are the main office and why did you choose the other country for opening your second office? I would like to ask if Obortech aim to be active on Asia and Europe only of do you already have plans to expand and become a global project?
Tamir B: Currently, our aimed markets are Asia and Europe. We might establish different companies in different regions depends on the market needs of our service.
Q8 from Telegram user @Jodasf
Nowadays it is important to know how to promote projects, since there are many projects that even having great products and services have been forgotten or discarded by users, so, how OBORTECH promotes adoption, what strategies are you using to avoid getting stuck with the same amount of users and get lost over time?
Tamir B: The Smart Hub is designed for easy to join and simple to use principles for quick adoption. The marketing will be led by regional anchors and champion partners who well know their local markets. OBORTECH will take partner-driven approach for the promotion of its business. In each supply chain ecosystem, the project will select anchor or champion partner to promote the network, attract potential clients, and lead the Smart Hub adoption there. A revenue sharing model will be offered to them.
Q9 from Telegram user @Ishan1_7
What social media accounts do you have so that we can stay up to date on your project? Please share it with us.
Q10 from Telegram user @DF3295
Are you going to be working on a single blockchain for Supply Chain or do you have any multichain perspective?
Tamir B: We are using two blockchains. Ehtereum for public chain and tokenization, Hyperledger Fabric for private and main platform for supply chain.
PART 3, QUIZ AND INFO
As usual, for the third part, Satoshi Club Team asked the chat 4 questions about Obortech. A link to a Quiz form was sent into the chat. Participants had 10 minutes to answer. 300$ were distributed between the winners.
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