The immutable and transparent nature of blockchain technology makes it ideal for use in the supply chain and logistics applications. Realizing its importance some of the leading shipping and logistics companies have already started exploring its users.
However, most of these applications are currently being built over existing generic blockchain protocols. Changing it is SLOGN, which stands for Smart Logistics Network. SLOGN is an AI blockchain coin for decentralized logistics. The SLOGN platform makes use of advanced technology to revolutionize a multi-billion dollar industry with an estimated annual worth of over $8 trillion.
The SLOGN AI blockchain platform targets a portion of the global logistics industry, particularly the trucking industry in the United States. The platform aims to optimize the operations of over 400,000 trucking companies in the country, which are so far untouched by innovation. Currently, these businesses and more than 3.5 million drivers employed by them have no way to share critical data related to the cargo, its condition, etc., in a reliable fashion. It has forced customers as well as the companies to depend on the trust of the entity reporting that data.
SLOGN enables these companies, drivers and other parties responsible for handling and possessing the consignments to share relevant information over an unbiased decentralized database. As SLOGN continues to develop the system, the platform has announced an ICO to raise the required funds. The funds raised during the crowdsale will not only be used to develop the platform and necessary infrastructure but also to support other open source projects.
The creators of SLOGN have set in place the “Open Source Fund”, to which 7.5% of the total coin supply is dedicated. Overall, the total contribution from SLOGN to open source projects will be around $10 million.
Much before the ICO, SLOGN has already initiated a Pre-ICO campaign, which began on July 17, 2017. During the Pre-ICO, investors stand a chance to grab the tokens at a 70% premium. However, those who would like to avail this attractive offer must hurry as it is limited to a total of 5000 ETH in contribution. The campaign will end once the target is reached.
More information about the platform and its Pre-ICO is available on the official website.
Disclaimer: The opinions expressed in this article do not represent the views of NewsBTC or any of its team members. NewsBTC is not responsible for the accuracy of any of the information supplied in Sponsored Stories/Press Releases such as this one.
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