CRYPTOKID: DAFZO: BLOCKCHAIN-BASED LOGISTICS PLATFORM

ABOUT DAFZO

Dafzo is a decentralized Global P2P Logistics Platform. Dafzo aims to solve the problem of traditional Logistic industry system. Dafzo works on Blockchain with the combination of smart contract, Artifical Intelligence, cognitive science and Machine learning methods to offer robust and advanced security layer of logistics ecosystem.

Dafzo will support multilateral trade and an e-market that has a Mobile App payment wallet, accepts cryptocurrency payments and includes a decentralized notary timestamp system. As a countermeasure towards fraud and other security issues, as well as the need to enhance efficiency, Dafzo employs the use of Ethereum-based smart contracts.

DAFZO MISION

Dafzo is combination of Fintech + logistics Blockchain ledger that used decentralised Ledger Technology to develop fully automated Global Logistics Aggregator by placing the power - entirely into the hands of the importer & exporter community and replace existing financial intermediaries.

DAFZO VISION

To create a unique decentralised ecosystem built around the Dafzo Utility Token for Independent paper les International Trade finance ecosystem without bank to facilitate Importer/buyer to issue Letter of Credit and Global shipment forwarding system for exporter/seller, without any geographical barrier, to empower the community & SME through an innovative automated ecosystem for decentralization and optimum efficiency. Dafzo aims to create a Utility Token market for the world, especially focusing on cryptocurrencies friendly countries EU, Asia and especially India, democratizing funding for new Blockchain Projects.

Dafzo ERC20 compliant cryptocurrencies Smart Utility Tokens also act as a gateway to cryptocurrency based logistics markets for EU Blockchain companies and a go-to place for launching new ones, Dafzo P2P platform will help prospective business build a legal framework for digital assets and execute successful logistics projects. Dafzo in the near future allows exchanging Dafzo token from ETH to EUR or US dollars in moments through DLT programmes partnership with crypto friendly countries government programmes by obtaining a license.

CURRENT LOGISTIC PROBLEMS

One of the biggest issues within the Logistic industry is it handles a pile of data in the old-fashioned, centralized way, and requires unreasonable staff overage. Logistics Industry operates in different locations i.e. different jurisdictions, handling a single supply chain for a single product could pose a nightmare for a beginner, and a serious pain in the stem for even a seasoned logistics expert.

Due to a centralized system, it’s not possible for logistics companies to track record of every movement of their transportation and connect with the receiver at the same time for delivery. Due to this gap receiver often slip window time for its delivery that causes inconvenience, delay of delivery and additional cost to logistics companies for re-delivery of the consignment. Even today logistics companies are struggling with innovate methods for express delivery and 24 x7 support for pick up and drop.

Another problem is, currently International sales i.e. import and export are done in the traditional method import and export are done in traditional method via the centralized banking system.That involves a substantial high fee, a complex method of handling Bills of lading & Letter of credit, other paperwork resulting in delay payment and possession of goods.

DAFZO SOLUTION

Dafzo use of Blockchain & smart contract to solve existing problem. The Blockchain is one of the most disruptive technologies after the introduction of the internet. Blockchain is a distributed ledger that can record transactions between two parties efficiently

and in a verifiable and permanent way. Blockchain brings the centralized system to the decentralized and empowers the general public instead of posing the power in too few people.

“From 50 USD to any Million USD transactions, all can be done on Dafzo ecosystem without any collateral and heavy financial transactions fee”: Dafzo

Blockchain not only empowers the public but also it increases the transparency. This is because every transaction or data recorded on to the Blockchain cannot be tampered or altered, in any manner which makes it untampered and reliable for all the parties. Blockchain not only eradicate the intermediaries but also Blockchain increases the efficiency and decreases the TAT for any process execution. Furthermore, by using Blockchain Dafzo achieve cost savings by operating leaner, more automated, and error-free processes. As well as adding visibility and predictability to logistics operations, accelerate the physical flow of goods. Provenance tracking of goods can enable responsible and sustainable supply chains at scale and help to tackle product counterfeiting. Additionally, Blockchain-based solutions offer potential for new logistics services and more innovative business models.

DFZ TOKEN

DFZ will be used in the Dafzo Ecosystem for each process and every activity. Dafzo token will be used for the issuance of Letter of Credit and for other business activities with upcoming features including: