The Hype over the blockchain, and corresponding technologies has grown rapidly, so no one can claim not to have heard about it, and more people have been pulled into it, and are finding ways to use to the best of their advantage. When blockchain technology came, so many things changed, for better, we say. So many businesses have improved, so many companies have started using crypto currencies in their work. New ideas are coming every day, and people are willing to invest in the new and innovative ideas and projects.
Countless businesses are leveraging on the Blockchain technology to move their businesses forward. It is common knowledge and known fact that start-up businesses and projects are plagued with the challenge of shutting down before they even set out to perform their goals. This has dwindled the interest of investors as no one is willing to take up the risk of investing in a business that won't thrive. However, there's a unique blockchain powered project called Volum, which aims to helps in reviewing and verifying businesses to ascertain if it is worthy of investmenting in before investors can invest.
WHAT IS THE VOLUM PLATFORM ALL ABOUT?
The VOLUM decentralized platform is a robust and flexible supply chain management and commerce platform that that supports a diverse ecosystem. All transactions are completed through the exchange of VLM tokens with self-executing smart contracts. While the initial focus of the Volum platform is for the production, sales and distribution of alcoholic beverages and for the smart energy industries, the platform has capabilities for many other industries. Volum blockchain platform operates as the one central location for businesses and supply chain operations. Companies and businesses who use this platform will be able to perform a variety of blockchain powered transactions, which includes; Payments, Rewards, Purchase Orders, Legal Contracts, Regulatory Compliance, Taxation, Shipment Management, Letters of Origin, Customs Documents, Inputs/Outputs and Inventory Ordering, Delivery/Parcel Tracking, IoT Monitoring and Reporting, Big Data Analytics, Inputs and End-Product Tracking or Traceability etc.
USER BENEFITS
¶ Thе Vоlum plаtfоrm will bооst thе trаnspаrеncy оf supply chаin mаnаgеmеnt аnd аlsо stаbilizе thе supplychаin еcоsystеm.
¶ Thе supply chаin mаnаgеmеnt infоrmаtiоn will bе stоrе оn thе plаtfоrm smаrt cоntrаct which аrе vеrify аnd аuthеntic оn this plаtfоrm. Thеrеfоrе, usеrs will bе fully rеliаblе оn еvеry infоrmаtiоn gоttеn thrоugh thе Vоlum plаtfоrm.
¶ Thе Vоlum plаtfоrm will givе rооm fоr bоth smаll аnd lаrgе firm tо mаnаgе thеir pоrtfоliо businеss thеrеby еnlаrging thе еcоsystеm аs wеll.
HOW TO USE THE VOLUM PLATFORM
The platform is quite easy to use. A profile service is provided to every user. Users will begin their operations 1st by going through the KYC/AML procedures. This method is critical for the parties to understand one another and to stop scams. Users will read the small print like business info, tax, works through this profile will enter the small print of companies. An Escrow contracts is put together once the business orders product from any works. The smart contracts stop the mutual transfer of cash till the products reach the client. When the merchandise reaches the client, it presses the confirmation button and also the entire charge is transferred from the buyer's Volum account to the seller's Volum account. Everyone is happy in the end!
WHAT IS THE VOLUM PLATFORM OFFERING
¶ Volum enables businesses to get rid of paper wastage and make large amounts of personnel savings. Businesses can order orders over the Volum system. These orders are recorded on smart contracts and in the event of any wrong or incomplete cases, the parties are entitled to claim rights.
¶ In the period from bottling to sale of beverages, transaction costs increase considerably. Enterprises that can communicate with shipping companies via the apis can observe where their products are. In addition, the customer can keep the records of the past orders and the income and expense balances on the dashboard.
¶ The biggest disadvantage of customs clearance is that the origin of the goods is not fully known. Many countries do not allow the introduction of unknown products into their countries. With the barcode technology developed by the volum system, traces of each product can be seen. This process can be recorded at every stage from farmers to the market.
¶ The biggest problem of the drinks produced as a large portion of glass bottles is the deficiencies that occur during the transfer and depending on the seasonal conditions. With the volum insurance system, users can keep records of the goods they have and send these records to the insurance company via smart contracts. The number is entered into escrow contracts before the goods are loaded. In case of losses, beverage companies may collect these funds. Especially in expensive products such as aged wine or champagne, this situation offers great advantages to enterprises.
THE VOLUM TOKEN
The VLM is the cryptographic token that will be used in the Volum ecosystem for payments, rewards and overall clinching of deals on the platform. It is of ERC20 standard.
Token: VLM
Type: Utility
PreICO Price : 1 VLM = 0.28 USD
Price: 1 VLM = 0.35 USD
Platform: Ethereum
Accepting: ETH
Tokens for sale: 236,800,000
Distributed in ICO : 74%
Soft cap: 1,000,000 USD
Hard cap: 74,600,000 USD
Country: Estonia
Whitelist/KYC: KYC
Restricted areas: USA, China
TEAM
MY VIEW:
The VOLUM team have draw out a business model to touch various helms of B2B business. It is common knowledge and known fact that start-up businesses and projects are plagued with the challenge of shutting down before they even set out to perform their goals. This has dwindled the interest of investors as no one is willing to take up the risk of investing in a business that won't thrive. However, Volum helps in reviewing and verifying businesses to ascertain if it is worthy of an investment before investors are advised to go ahead with the business. This saves investors from the risk of being at a total loss when the business fails or collapses.
The links below will be very helpful in understanding this project better. Please do well to consult them.
Website: https://volum.io
Whitepaper: https://volum.io/assets/images/volum-whitepaper.pdf
Twitter : https://twitter.com/IoVolum
Facebook : https://www.facebook.com/volumproject/
Telegram: https://t.me/volumholdings
Bounty0x Username: evolution2k46