What is VOLT?
VOLT is a platform where you can develop a decentralized centralized platforms like Uber and that allows direct delivery via P2P. Uber Models and others play a Central Control role as intermediaries and receive a commission of 20% or more. VOLT's P2P model is efficient and aims to eliminate brokerage charges by reducing direct costs for customers and couriers to no more than 5%, or even in the hope of eliminating them altogether.
The existing delivery model is a centralized model, with a system called Hub & Spoke. This centralized model, including DHL, has dominated the delivery market worldwide. However, the centralized model is unable to meet the needs of same day delivery. VOLT is blockchain-based P2P delivery model that solves limitation of the same day delivery more effectively than existing models.
VOLT is based on locking technology and in combination with intellectual contracts and eliminates dependence on a centralized system between poorly structured banks, which significantly reduces delivery prices to customers. On the other hand, courier companies and shipping companies will have a higher income. Volt not only guarantees that the couriers will gain higher profits, but also the Volt eliminates the technical limitations that allow anyone to use the system. This allows the use of a wider range of couriers, including retailers or people who want the second job. In addition, the order adjustment system can be further facilitated by couriers that determine a delivery radius based on the preferred means of transport. The main business VOLT uses Big Data technology. Liza on Big VOLT date for system Automation offers a cheaper service.
Why Use VOLT services?
Many similar models play the role of central control as mediators and receive a reward of 20% or more. The VOLT P2P Direct offer model is an effective model that aims to reduce brokerage fees by reducing direct costs for customers and couriers to less than 5%, or even hoping to eliminate them completely. The existing delivery model is a centralized model with the Hub & Spoke system, including DHL, which dominated the global supply market. However, it cannot meet the same delivery needs of the day. VOLT is a P2P delivery model based on a block system that resolves the delivery on the same day more efficiently than existing models.
Advantages
Same day deliveries
Deliveries on the same day of VOLT decrease the delivery time to 1-5 hours, while in the current online trade delivery time is 1-3 days.
Hub & Spoke is a platform that collects all the articles that are sent, orders and transports them to their destination. That is, any parcel delivered from 32 Street to 54 in Manhattan, NY, will be sent to Delaware for its qualification to be returned in Manhattan. This is laborious and also carries a great cost of storage.
Strengths of the project:
- Verifiable, professional and meaningful team. Basically a very young team of students and graduates, a somewhat more experienced CEO. The last mile delivery service is already in the
- The team has the vision to develop a token with the management system to adjust the end of delivery of the chain delivery services. This sector of services in a changing world will certainly have a huge increase in demand. Scalable local business models have enormous growth potential;
- There are several investment partners and many existing customers in the company in which the project operates.
Token Flow
A customer who requires the service can purchase the coins from the Exchange. A customer will purchase 100 coins for the delivery service that costs 100 coins. The customer will pay 100 coins to VOLT where VOLT corresponds the request to the messenger. After the service is completed, VOLT transfers 95 coins to the messenger. Approximately 5%(the rate can be adjusted to maximize profit) of the coin is used as a commission to the company profit. The company sells the coin earned to the Exchange to produce revenue.
The revenue is used to maintain the company or provide dividends to the VOLT shareholders, but not to the coin-holders. If this process goes through a cycle, the coin demand eventually will be higher than the supply from the Exchange, resulting in higher price for the coins. A combination of algorithms and current coin price, VOLT adjusts the coin/Jula rate. In long term, coin/Jula rate will increase, and thus able to own higher Jula with 1 VOLT Coin. And consequently increases the value of Jula.
Management and Development team
Philip Lee (CEO)
Philip Lee is the CEO and Founder of Volt Tech Ltd. He received his master’s degree from UCLA. Philip has made Quick Quick an online and offline service company that reduces the cost of last mile delivery by implementing Uber-style delivery system. Currently, VOLT (Brand: Quick Quick) is the largest last mile delivery service provider in Korea.
Sangchun Shim (CSO)
Dr. Sangchun Shim brought 30 years of his experience from KT (Korea Telecom). He was known as the ‘rainmaker’ at KT; He has an experience of managing and turning around 55 affiliates from total of $42million loss to 140million profit in mere 2y years’ time. Dr. Shim also spearheaded successful acquisition, value upgraded, and sale of “Kumho-Rent-Car”. The company was acquired at $300milion value and sold to Lotte Group at $1bilion in 2015. Dr. Shim received his MBA from George Washington University majoring in MSTI (Management of Science, Technology and Innovation) and earned PhD from Hanyang University.
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