“Revolutionizing Supply Chain Management with P2P Automated Verification: An ETG White Paper”
Through a wide variety of mobile applications, we’ve developed a unique visual system.
- Client George Wallace
- Date 15 June 2022
- Services Web Application
- Budget $100000+
Traditional shipping transactions start from a fixed, centralized location and are prone to a number of limitations. To address these issues, we propose a peer-to-peer decentralized blockchain application that allows participants to engage in the production and distribution of goods and services. This system incentivizes participants to contribute through partial ownership of the production and distribution process.
Strategy
Effective promotion strategy for peer-to-peer decentralized blockchain application in shipping & logistics industry: market research, online presence, networking, partnering, content marketing, token launch, & continued development.
Design
The application’s design will be clean, professional and futuristic, with a focus on functionality, ease of use, and visual representations of the production and distribution process. The user interface may also use graphics, animations and visual aids to explain the blockchain technology and reward process, inspiring confidence in users.
User Experience
The user interface will be sleek, intuitive, and visually appealing, emphasizing functionality, ease of use, and understanding of the peer-to-peer decentralized blockchain process and rewards system. Aiming to inspire confidence and communicate reliability through design.
Shipping transactions have long been centralized and susceptible to delays, fraud, and a lack of verification. This results in the advantage being tilted towards the centralized authority. To address these issues, we propose a peer-to-peer decentralized blockchain application that allows for the production, distribution, and verification of goods and services. Through smart contracts and a proof of stake consensus protocol, participants can engage in the production cycle and be incentivized through partial ownership of the process. The proposed system will have the capability to verify orders, optimize production and distribution, and reward participants with tokens for their contributions. Non-Fungible Tokens (NFTS) will also be produced to verify ownership of assets and provide real-time tracking of their value.
Product Description: Our peer-to-peer decentralized blockchain application allows participants to engage in the production, distribution, and verification of goods and services. The system will use smart contracts and a proof of stake consensus protocol to allocate labor and resources and reward participants with tokens for their contributions. The system will also use metadata from transactions to make decisions about the production process and verify authenticity and ownership of transactions. The network will form a dynamic consensus network where production and shipping processes can be automated and verified through metadata parameters on the blockchain. The real-time metadata collected on the network will also be used to determine the value of Non-Fungible Tokens (NFTS) that verify ownership of assets produced through the process.
Business Goals: The primary goal of Emerging Technologies Group (ETG) is to develop the peer-to-peer decentralized blockchain application. The development team will create a proof of concept within 60 days. The company will also aim to understand the competitive landscape and target customers that would benefit from this consensus network. The website will serve as a platform for advertising the product and reaching out for funding and investment opportunities.
Development: ETG is currently in the process of hiring a team of developers to build the web3 application. The application will allow participants to send metadata to verify transactions in real-time and assign Non-Fungible Tokens (NFTS) to products to verify ownership. The application will also allow participants to participate in the creation and distribution process and advertise to receive help with shipping and selling their products.
Conclusion: The peer-to-peer decentralized blockchain application proposed by ETG aims to revolutionize the traditional shipping process by providing a decentralized, verified, and incentivized production and distribution system. The real-time metadata tracking and Non-Fungible Tokens (NFTS) will provide a secure and transparent process for the production and distribution of goods and services.