QUASA The First Decentralized Platform of Freight. We replace all traditional platforms and offer solutions to such problems as: bureaucracy, high commission fees and limitations of insufficient insurance, information barriers and court costs.
Our mission is to help cargo owners, cargo carriers, consignees, and other industry participants to receive and transport cargo on the most favorable terms.
QUASA implemented a unique algorithm that provides the organization of cargo air transportation around the world. This algorithm and technological solution are the know-how of the international air transportation market. Running into operational operation will actually mean the introduction of uniform standards and modern logistics solutions that ensure the effective use of geographic prerequisites. This is not about expanding individual elements of logistics, but about creating a new air cargo logistics environment that meets modern requirements.
In QUASA, prices for trucking are formed using an exceptional algorithm that collects them via IT channels from leading Russian and international carriers. The functionality of the system is designed to protect cargo owners and cargo carriers.
When comparing offers from different companies or on other services, you will have to understand that who is included in freight and clarify what “everything” is not superfluous. After all, often the smallest offer turns out to be the largest in fact. In the QUASA service you will be insured against unclearly from where the additional points appear in the account, which significantly increase the amount of payment.
QUASA technologies will significantly reduce the amount of time, financial and human resources involved in the rail transportation process. At the same time, new markets will open up for carriers, and the QUASA platform will become the standard of quality of services provided on the market.
QUASA – LOGISTIC 2.0
- Industry Standard
- Environment for growth and competitive development of companies
- Guarantees for cargo carriers and cargo owners
- Exit to the main markets
- Optimizing the use and delivery of services
- Advertising and consulting for companies of different scales
MARKET PROBLEMS
Today, the freight market is very similar to the taxi market before it is captured by Internet companies: it is opaque, chaotic and divided between regional companies, not because of competition, but for some internal reasons and rules.
Not many realize that transport logistics is a huge industry comparable in size to the largest global industries. And despite its size, it remains an extremely fragmented and inefficient branch, filled with intermediaries and non-transparent schemes of doing business. This definition relates more or less to the markets of both developing and developed countries.
Logistics is not just the movement of cargo. Together with him a lot of information is moving: about senders, recipients, about the nature of the cargo, how to deal with it, how to pack, what to do in the final paragraph … Of course, logistics deals with a huge document circulation, which further burdens an already complicated industry. The end user can not trace the path that the product did before it fell into his hands.
All the applications and services that were ever made in the logistics business came from a large or small transport company. Their software has always been a means of automating processes
The essence of the problem that the project decides
At the moment, the commission for intermediary services during the transportation of an average of 10 to 25% of the total amount of the order. At the same time, the formation of this amount and its change are not controlled by the customer in any way.
Most of the risks in the logistics industry are related to finances and shortcomings in the transmission of information, which may be false or incomplete.
Avoiding work with centralized services and using SMARTCONTRACT and BLOCKCHAIN technologies will ensure transparency in the logistics market. The formation of the commission will become transparent, and the prices for services will decrease due to open and transparent interaction of all participants in supply chains. QUASA technologies will significantly reduce the amount of time, financial and human resources involved in the transportation process. At the same time, new markets will open up for carriers, and the QUASA platform will become the standard of quality of services provided on the market.
Another problematic process is the ability to obtain information about the movement and condition of the cargo. Now additional funds are being used for this, and, accordingly, the size of the commission increases. When using the QUASA platform, this data will be entered in BLOCKCHAIN, and the smart-contract will ensure compliance with all the terms of the contract and automatically perform mutual settlement in accordance with the data stored in Blockchain.
Thus, compliance with the terms of the contract will be monitored.
The customer of the service is given the opportunity to openly and transparently interact with the carrier, which leads to the solution of all the primary aspects of cargo transportation.
Problems of the industry
More than 80% of all freight is carried out by intermediaries. The reasons why this happens are:
- The problem of trust
In the US, according to research, the total losses in the transport and logistics sector from economic crimes range from $ 8 to $ 30 billion. People are encouraged to develop contracts with partners and clients from a legal and financial point of view in order to avoid losses of $ 40 billion per year, while 20% of cargo is not yet fully insured. Targeted problems entail certain risks of opportunistic behavior, which are already included in the cost of transportation.
- Risk of insolvency of the cargo owner
The final payment is usually made after the moment when the owner of the cargo receives it from the carrier. This forces freight carriers to conduct due diligence of cargo owners and to charge a premium for the risk of a possible default on their obligations. Logistic companies change their fees in the range of up to 30% and even deviate from the transaction depending on the reputation of the counterparty.
- Danger of hidden damage
During transportation, the cargo may be damaged, while the carrier may not be aware of this. If the owner of the goods (or the last link in the supply chain) receives defective goods, sometimes it is not possible to demand compensation in court, since it is not known who is responsible for the damage.
- The risk of tax evasion
If there is a suspicion of the tax regulator, in relation to at least one of the parties to the supply chain in tax evasion, the goods will be withdrawn or frozen.
- Currency risk
Carriers and forwarders can set prices in a currency that is different from the current currency. In this case, the logistics company is forced to supplement the contract with the payment of fees in order to exclude the risk of currency devaluation. This makes logistical services more expensive.
- Insufficient insurance
Most forwarding companies practice insurance only for transport losses, but not for cargo loss and compensation for damage
- The problem of information barriers and high prices
The costs of finding information on tariffs and transactional costs of the carrier are critically high due to fragmentation of the market and the lack of standardization of payment algorithms, document flows, availability of additional services and taxation. This leads the market to less competitiveness and makes it a managed seller. Thus, the cargo owner faces the need to know in advance and compare the prices for transportation and to do some expensive checking. This problem affects both cargo owners and cargo carriers. For example, the lack of a common information space leads to loss of efficiency and delays due to the lack of data on empty containers.
- The problem of idle runs
The pendulum principle means up to 50% loss of efficiency in the logistics sector. The problem is that the balance of exports and imports is skewed in the subregions, that is, the truck driver delivers the drink from Arezzo to the brilliant Thessaloniki and returns empty, because there is nothing to export from Thessaloniki. Thus, the charterers, as a rule, double their rates.
DECISION
The main task is to reduce the cost of logistics, so that its share in the cost of goods is minimal
- The problem of trust
The control of cargo transportation is carried out, upon request, until the transaction is successfully closed. All actions are recorded in the blockchain, which excludes non-trusting relationships between the parties; The Smart-contract, which will be approved at the beginning of the shipment, will automatically perform a mutual settlement in accordance with the data stored in the blockchain. The opportunistic behavior that is already included in the freight cost.
- Risk of insolvency of the cargo owner
Authorization of trusted suppliers and cargo owners increases the overall level of responsibility. QUASA will issue, according to modern technology DLT, personal licenses for suppliers. Other organizations should receive and verify this data.
- The decision of the currency and tax market
QuasaCoin is a single virtual currency in which all payments will be made through the QUASA service.
- Insufficient insurance
Automatic cargo insurance covers not only the risk that is possible through the opportunistic behavior of counterparties, but also the risk of damage caused by force majeure.
- The problem of information barriers and high prices
A common information system effectively analyzes data and indicates simple equipment. In this regard, there is a significant reduction in the delay rate and the overall higher efficiency. Forecasts help reduce the load on the ports, extending the planning horizon, c avoiding bottlenecks. The customer himself chooses the option of delivery, which corresponds to his point of view about the price, terms and additional services. Relatively low payment for services (2-3% versus 8-15% for ordinary forwarders and 10-25% for brokers) distinguishes QUASA from industry competitors.
- Danger of hidden damage
Online GPS-tracking of cargo location and the state of its damage at the moment, is carried out using blockchain technology. In the early stages, QUASA will integrate with existing tracking providers, according to their protocols (https, mqtt, etc.). Data will be merged and shown to end users.
The introduction of a full cycle of freight traffic into the functionality of one application will allow QUASA to provide valuable services in the logistics market: business processes using QUASA are backed by guarantees more profitable and reliable than direct interaction of freight carriers with cargo owners.
Solutions for the client, cargo owner, for the carrier, freight forwarder and for the market as a whole, read in the WhitePaper project.
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By:Betawiarab
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