The decentralized call center operates Defi’s digital supply chains, eliminating complex and time-consuming processes to keep the business smooth and secure.
Obortech is building an infrastructure known as the Smart Hub that allows the largest players at each point in the supply chain to share information and collaborate through user-friendly web and mobile interfaces. All this can contribute to efficiencies that are crucial for companies that operate with low profit margins, and provide controllable product traceability from start to finish.
This innovative approach means that documents can be exchanged through a unified system that cannot be tampered with. Smart Hub is complemented by IoT containerized sensors that track valuable shipments in real time, and which protect valuable products from theft and keep them under optimal conditions.
Overall, Obortech’s goal is to build a fully digital network as simple as Facebook – an environment that delivers real-time alerts, ensures equal participation and allows all parties to have full control over their data.
The project’s technical document explains in a convincing way why this infrastructure is necessary. He cites data from the World Economic Forum which document handling in global trade accounts for a staggering 20% of total transport costs. To make matters worse, it is estimated that fresh raw materials are worth $ 7 billion before they reach consumers in North America – often this can be attributed to very complex supply chains.
Compulsory use cases
While some blockchain projects in the very early stages of development talk about their ideas in abstract terms, the Obortech Smart Hub prototype has already been tested in real-world conditions, helping to facilitate the export of meat from Mongolia to China.
The project is now fully committed to getting the most out of the first station function, and Smart Hub will be launched in the second half of the year. Partnerships have been established with a number of companies and government agencies in Mongolia, the Netherlands and Australia. Obortech now aims to handle 5% of the domestic movement of some perishable goods between Europe and Asia for a period of four years.
The official document states: “Obortech services are increasingly in demand in relation to the COVID-19 pandemic.” “The industry has come to the conclusion that supply chains must be more flexible and flexible, and have the ability to change purchasing and distribution in days or weeks, not months or years. In addition, a fully digital and intelligent remote control system will greatly reduce the risk of infection by reducing the physical interactions in the supply chain. ”
More information from OBORTECH here
Obortech says it wants to embrace the Uniswap model by operating without a centralized governing body, which means ecosystem members can control the network, use it and take advantage of the revenue streams it generates.
The platform is supplemented with the OBOT code, which will be the heart of Smart Hub, which facilitates transactions and allows owners to vote on management policies that will affect the project’s future direction. The first exchange offer began on 10 March.
Obortech was created by a core team with deep experience and understanding of the supply chain industry and the challenges it faces, especially in the midst of the global health crisis.
The project also plans to develop new systems using artificial intelligence and big data, in addition to introducing blockchain. Obortech believes that artificial intelligence will be important in automating the repetitive work that humans currently have to do.
As global trade begins to return to normal, Obortech is committed to providing much-needed innovation that will enable companies around the world to focus on what they do best.