Meet the blockchain that can save billions of dollars in global trade

A decentralized contact center provides DeFi service for digital supply chains, eliminating the time-consuming and complex processes of keeping businesses running smoothly and securely.

Creating an infrastructure defined as Smart Hub, Obortech allows key elements at every point of the supply chain to share information and collaborate through easy-to-use mobile and web interfaces. All of these features can help ensure productivity and provide end-to-end verifiable product traceability, which is vital for companies operating with tight profit margins.

This state-of-the-art approach means that documents can be made available through the integrated system while ensuring they are resistant to alteration. Smart Hub works with Internet of Things (IoT) receivers that are installed in containers that allow valuable data to be monitored in real time, protect expensive products against theft, and ensure that they are stored under the most favorable conditions.

Overall, Obortech’s goal is to create an all-digital network as simple as Facebook. An environment that offers real-time notifications, equal participation rights and allows counterparts to have full control over the data.

The technical paper (whitepaper) of the project answers those who are curious about why this infrastructure is necessary. Surprisingly, the World Economic Forum suggests that the processing of global trade documents accounts for 20 percent of the logistics costs. Worse, it turns out that $ 7 billion of fresh food spoils before reaching consumers in North America, according to estimates. Moreover, most of this loss is due to the complex nature of supply chains.

Advanced use cases

When many blockchain projects are in the development phase, theoretical data are usually presented. Obortech’s Smart Hub prototype, on the other hand, has already been implemented in real-world examples to help facilitate the export of meat from Mongolia to China, rather than theorizing in an abstract form.

The project is currently aiming to take advantage of being the first mover and Smart Hub will be operational in the second half of this year. Partnerships have been established with a number of companies and government agencies in Mongolia, the Netherlands and Australia. Obortech has the goal of serving 5 percent of the domestic transportation of perishable products between Europe and Asia within four years.

The Whitepaper contains information that “Obortech’s service is in more demand during the COVID-19 pandemic.” “Industry professionals agree that their supply chains should be more flexible and resilient. They also concluded that from source to distribution can take place in days or weeks, while the process takes months or years. In addition, with a fully digital and remotely controlled smart system, contamination can be limited by limiting physical interactions in supply chains. the risk will also be greatly reduced. “

MORE INFORMATION ABOUT OBORTECH HERE

In control members

Obortech says he wants to adopt the Uniswap model and set up the system to operate without a central governing body. This means that members of the ecosystem can gain control over the network, achieve expansion and benefit all participants from the revenue streams generated.

The platform provides integrity with the OBOT token, which will be at the center of the Smart Hub network. While this token facilitates transactions, it also allows token holders to vote on governance policies that will affect the future moves of the project. The first stock market offering started on March 10.

Obortech was launched in the midst of a global health crisis by a core team with superior experience and understanding of the supply chain industry and the challenges it faces.

The project also plans to develop new blockchain-based systems that take advantage of artificial intelligence and big data technologies. Obortech believes artificial intelligence will be necessary to automate the repetitive tasks that currently need to be done by humans.

Obortech’s goal is to deliver heavily-needed next-generation infrastructures that will allow businesses around the world to focus on what they do best as global trade begins to return to normal.

Learn more about Obortech.

Disclaimer. Cointelegraph does not endorse any product content on this page. While we aim to provide you with all important information that we can obtain, readers should do their own research and take full responsibility for their decisions before taking any action with the company. This article cannot be considered as investment advice.

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