Smart contracts QUASA work independently of the platform services. The effectiveness of smart contracts is based on the separation of functional and computing processes.
Today the cargo shipping market has very much in common with the taxi market before it was conquered by internet companies: it is nontransparent, chaotic and divided between regional companies, not thanks to competition but due to unknown internal reasons and rules.Not many people realize that transport logistics is a huge field which can be compared to the biggest global industries in terms of size. Yet, despite its volume, this field remains largely fragmented and inefficient, with wide presence of intermediaries and the existence of nontransparent business schemes. This definition can be to a greater a lesser extent attributed to both emerging and developed countries.
Logistics is not only about moving a cargo. It also involves the movement of big volumes of information about shippers and receivers, the nature of the cargo, how to handle and pack it, what should be done with this cargo in the final place of destination, etc. It goes without saying that logistics deals with huge paperwork which makes this complicated industry even more opaque. The end receiver is not able to track the path that had been made by the cargo before it reached the receiver.
problem to be solved by the project:
The substitution of centralized services with SMARTCONTRACT and BLOCKCHAIN technologies will ensure transparency in the logistics market. The generation of the commission will become clear, and prices for the services will be reduced thanks to open and transparent interaction between all participants of the supply chains. QUASA technologies will considerably reduce time, financial, and labor resources involved in the shipping process. At the same time new markets will open for the carriers while QUASA platform will become a benchmark of the quality of the services offered in the market.
Problems of the industry:
According to the studies, in the US transport and logistics sector total losses caused by economics crimes amount to USD8-30 bln. People are offered to develop contracts with partners and clients from the legal and economic point of view in order to avoid losses in the amount of USD40 bln a year, while 20% of cargos are not yet fully insured. Strategic problems lead to certain risks of opportunistic behavior which are already included in the price of cargo shipping.
Final settlement is normally performed after the cargo owner receives the cargo from the carrier. This makes carriers conduct the due diligence analysis of cargo owners and charge premium for the risk of possible insolvency with respect to their obligations. Logistic companies charge the premium of up to 30% and even decline certain deals depending from the reputation of the partner.
A cargo can be damaged during the transportation but the carrier can stay ignorant of that. If the cargo owner (or, anyway, the last person in the supply chain) receives damaged goods, then there is no possibility of demanding compensation in court since it is unknown who is responsible for the damage incurred.
Control over cargo shipping is exercised on request until the deal is successfully closed. All the actions are registered in the blockchain which excludes trust-lacking relations between the parties. The Smart-contract which is going to be agreed upon in the beginning of the shipment will automatically perform complete mutual settlements according to the data contained in the blockchain.The authorization of trustworthy suppliers and cargo owners increases the total degree of responsibility. Using contemporary DLT technology, QUASA will provide suppliers with personal licenses. Other organizations will have to receive and verify these data.
QUASA involves several suppliers and carriers in order to secure step-by-step integration of all the participants of the supply chains into the delivery platform, and this requires a unified register. An open register proposed by Cisco Systems seems a suitable solution. The use of the standardized realization will help to secure smooth integration with other IOT services (Internet of Things which connects the objects with the Internet, thus helping to perform the analysis and obtain data about the object in question). Thanks to the implementation of this register, the data will be transferred to the service in a unified format. With the help of this register our clients will be able to use even more detailed contracts which will enable wider process automation.
qqCisco service ensures:
- mass transfer of the object identity between the partners using the supply chain and realizing the so-called “anti fake”;
- the delivery confirmation through automated signing of the object during the delivery by drone or delivery man;
- verification of the evidence of the production chain for trade financing.
What is QUASA? What does it do?
QUASA implements a full cycle of freight traffic in the functionality of one application, using blockchain and smart contracts technology to eliminate the problem of trust, information barriers and court costs. QUASA’s trusted environment is the digital space of the QUASA platform, where trust is ensured through blockchain technologies, smart contracts and economic incentives for all participants. QUASA infrastructure: a set of decentralized applications and services, as well as digital tools for building a business on the QUASA platform.
To use all modules and full functionality in QUASA, each connected company will need to use a set of services provided by the platform.
Payment methods are variable, the commission for services can be collected in percentage, be fixed, and can consist of any combination. There may be a zero commission, or there may be a commission payment at the expense of the seller, as in modern credit cards. In addition, “reverse commissions” are possible – material encouragement of users for transactions.
Monetization of QUASA services occurs at the last step of each successful delivery in the form of a payment, instantly increasing the demand for QUA tokens.
We have different ways to influence the growth in the value of QUA: each connected company is an information guide, every successful one is an even larger, louder information guide. Every time a company starts taking QUA, this is good news. We have a lot of such companies, and there will be many positive news, we will be constantly on hearing and will be able to influence the course.
The value of our currency will be provided by the real services provided by the QUASA platform, which will change the idea of cargo transportation.
ICO Review & Analysis
Website and Domain
- User Interface is good.
- Main Objective: Translate Current Project QUASA.NET to BLOCKCHAIN.
ICO Token & Economics
|Hard Cap||1,623 ETH|
|Soft Cap||1,000 ETH|
|Total Token Supply||50,769,000 QUA (for-sale)|
|PRE- Sale||1 ETH= 6000 QUA
1 QUA= 0.19 USD
|ICO||1 ETH= 3000 QUA
1 QUA= 0.4 USD
|Restricted Country||USA, China|
- 65% formation of services described in the previous section;
hiring of new employees and bearing the expenses related to the corresponding development;
elaboration of the infrastructure for developing a logistics market 2.0 as well as developing the member community;
- 17% – overheads for launching preICO and ICO, bonuses for the developers
legal costs and other bureaucratic expenses;
bonuses for the founders and for the developers of the platform;
repayment of borrowings used for creating the platform;
- 10% return on investments made by investors on the earliest stages of project;
- 8% – payment of PR services used at preICO, ICO, and Release stages.