Logipia & IOLAB
Signed development partner agreement
Logipia Foundation is a nonprofit foundation established in 2018. By utilizing blockchain technology, make an improve the quality in the traditional logistics industry. It is also established to monitor and manage the fair distribution of cryptocurrency used in blockchain platforms.
Logipia Foundation is established for operating blockchain platform which is innovation in the entrenched industrial sector. At the start with logistics platform development, which seeks stability in the market by solving the problem of the time-to-regional imbalance in the logistics industry, Logipia Foundation is striving to establish an ecosystem of cryptocurrency economies that can be easily used such as cryptocurrency remittances, payments, and funds by ordinary people.
Blockchain is a decentralized model that allows equal distribution of social capital, such as information or money. It through a method of breaking the centralized authority monopolized by a middleman, such as a bank. logipia Foundation took note of the way data was processed which blockchain technology leads to innovation in the logistics industry by creating trust in the system without a central power.
Blockchain technology is expanding into sales, contracts, medical services, sharing, and logistics industries. By applying blockchain to the logistics industry, the transportation time will be shortened, security will be strengthened, and verification of origin will take place in real time, enhancing efficiency and reliability of the work. In addition, the ability to efficiently manage the transshipment volume emphasizes the innovation and economics of management.
Blockchain distributes data and saves it. All entities using the system are called nodes on the blockchain network and all the information is agreed and processed together. Blockchain technology is recognized as a future innovation technology in that transactions are made without the help of managers thanks to such distributed trading records.
In the blockchain, 'block' is the book in which data from a peer to peer transactions (P2P) are recorded, and these blocks have a 'chain' structure that is connected sequentially over time. The reason that all users have transaction records so that blockchain is safer than traditional security systems. It is because of its unmodifiable write-only features. It is only possible to add information that a node has without being able to correct or erase from mistakes or fraud.
Development Agreement Partner Company 'IOLAB' supports the development of logistics platform technology to the Logipia Foundation and development of the Logipia Foundation's blockchain platform.