January 1, 2018 by Bitsonline PR 0 Comments January 1st, 2018 (Italy) – Local World Forwarders (LWF) aims to create an efficient and innovative platform based on blockchain as well as DPoS (Delegated Proof of Stake) Technology for a democratic and decentralized disruption of the Global Logistics Market, expected to be worth $15.5 Trillion by 2023. This is a press release provided by Token Media With more and more shipments to residential addresses due to the booming e-commerce industry, the major impediments of the logistics industry have become more prominent than ever before.
Custom duties make imported goods tacks on unnecessary fees and increases prices, or shutting companies out of entire markets entirely. This is seen with India’s recent tax increases on cell phones affecting major companies such as Apple, Samsung, and LG.
Furthermore, there is no singular company that handles logistics globally, further causing complications when it comes to global shipments, especially when a package is transferred from one jurisdiction to another. Integrating different companies together would be difficult due to the lack of a standardized system, making developing new API’s or combining data structures unfeasible.
LWF looks to change all this with their multi-service logistics platform, with a DPoS-based blockchain as the backbone. The platform will be capable of decentralizing the entire logistics supply chain to get rid of central points of failure, as well as making management immutable, ensuring records are authentic and can be validated by anyone.
For the first time ever, anyone that is part of the platform can generate an income using LWF’s P2P platform. Users can receive or ship parcels across the globe, providing secure and decentralized logistics on a international scale. Read more from bitsonline.com…
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