[ANN] OEL Foundation - Open Enterprise Logistics Enterprise Architecture

[imma24]

Hey guys,

If you haven't already, make sure to check out this TechBullion article which just summarizes the OEL project:

https://www.techbullion.com/oel-foundation-the-open-enterprise-logistics-blockchain-ecosystem/

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[DutchTranslator]

There have been a few questions about token allocation and Openport's role in this. Openport will be allocated 10% of the supply and these tokens will be distributed to OpenPort according to a 15-month vesting schedule. Advisors and partners will be allocated 5% of the supply and these are subject to a 12-month vesting schedule

For more on this, check out page 34 and onwards of the whitepaper: https://oel.foundation/assets/whitepaper/oel_foundation_whitepaper_v1.0.pdf

[GreenSkyTrails]

There have been a few questions about token allocation and Openport's role in this. Openport will be allocated 10% of the supply and these tokens will be distributed to OpenPort according to a 15-month vesting schedule. Advisors and partners will be allocated 5% of the supply and these are subject to a 12-month vesting schedule

For more on this, check out page 34 and onwards of the whitepaper: https://oel.foundation/assets/whitepaper/oel_foundation_whitepaper_v1.0.pdf

OpenPort is going to be playing a key role in developing the OEL Enterprise Blockchain, so that makes sense.

[oa17]

This is for bounty hunters 

Check out the rewards thread and join the Telegram group

REWARDS PROGRAM

MoonForum: https://www.moonforum.net/showthread.php?2076-REWARDS-OEL-Foundation-Open-Enterprise-Logistics-Enterprise-Architecture

Rewards Telegram Group: https://t.me/OEL_Rewards

[oa17]

Learn more about the Token Generation Event
https://oel.foundation/token-generation-event/

[GreenSkyTrails]

Learn more about the Token Generation Event
https://oel.foundation/token-generation-event/

Phase 1 starting end of Q3 2018!

[naderba666]

Seeing from the purpose of this project to have many benefits needed to develop the future, I hope this project can develop well and can have many investors.

[Lensherr]

Seeing from the purpose of this project to have many benefits needed to develop the future, I hope this project can develop well and can have many investors.

I believe the team appreciates your support & are glad to have you here too

[ribenapurpz]

Since this thread has begun the team has been growing  

Of course, there is a full list of all the team and advisors on the website including LinkedIn links here: https://oel.foundation/leadership/

Here we have some additions to the tech side of things, Paul Bell and Relly Noman with over 40 years of technology experience.

[adefirman98]

 I hope the development team can do their best at every opportunity to make this project grow into a great and rewarding project for many people.

[gorogoronomi]

I hope the development team can do their best at every opportunity to make this project grow into a great and rewarding project for many people.

Thanks for the encouragement, the team is working hard to realize the roadmap. Be sure to follow their social media and join the discussion.

Medium blog: https://medium.com/oel-foundation
Reddit: https://old.reddit.com/r/OELFoundation/
Twitter: https://twitter.com/OELFoundation
LinkedIn: https://www.linkedin.com/company/oelfoundation/

[imma24]

A promising option for ensuring transparency and trust in a highly private supply chain. This blockchain technology will be a one source of truth for indisputable recordkeeping of all events in the supply chain process, from pickup to final delivery.

[ribenapurpz]

How will the OPN token be used?? 

[imma24]

Another good thing about OEL is their micro-rewards system for information sharing of data ensures greater participation and quality data amongst the supply chain participants, in both developed and developing countries.

[ThatICOguy]

OEL Foundation Featured in Top 8 ICOs to Watch in Q3 / Q4 2018

Source = https://thecoinradar.com/icos-to-watch-q4-2018/

OEL is a non-profit organisation founded by existing company OpenPort, whose creation is intending to bring numerous stakeholders and supply chain leaders in the industry into an alliance. Together, these key figures will form the basis of a board that will make decisions collectively to improve current flaws in the logistics industry and propel the use of OpenPort’s blockchain-based solution.

The OEL Foundation has been established so that those within the supply chain industry can come together to work toward a shared objective that encourages adoption of a single solution that encompasses all parties. Because of the fragmented nature of the industry, success would not be possible otherwise.

By switching to a blockchain-based system (initially built on Ethereum) actions along the supply chain are recorded digitally as immutable entries on the blockchain. This means all records throughout a shipment's journey such as locations, handovers and exceptions along the way are all linked to an indisputable digital agreement (i.e. a smart contract). This comes with the following benefits:

Through the use of a distributed ledger, all entries form a tamper-proof log of activity across the consignments journey. – This limits room for dispute and allows immediate shipment updates to be shared across the network transparently.

This transparency reduces room for disagreement and improves efficiency. All parties are able to see alerts as they happen, allowing those affected to make decisions in real time, based on the entries provided by those on ground level.

Because of the improved trust and automation that comes with a blockchain-based system. The need for a middleman is also greatly reduced, thus saving overheads on third party contractors resulting in significant supply chain savings.

In addition to this, documents, fees and payments can be all be transferred instantly through the use of a predefined smart contract. Once all parties are satisfied, manufacturers, customer and shipping companies, all parties can be paid almost immediately. Cutting average payment speeds down from months to a small number of days.

OEL Foundation is built upon a team with a wealth of experience aware of exactly what problems plague the logistics industry. The vision of the OEL foundation is huge, their target market wide. Success will dependent on the involvement of key industry figures and implementation will require disruption of a fragmented, archaic system.

https://thecoinradar.com/icos-to-watch-q4-2018/

[tsby1988]

OEL Foundation Featured in Top 8 ICOs to Watch in Q3 / Q4 2018

Source = https://thecoinradar.com/icos-to-watch-q4-2018/

OEL is a non-profit organisation founded by existing company OpenPort, whose creation is intending to bring numerous stakeholders and supply chain leaders in the industry into an alliance. Together, these key figures will form the basis of a board that will make decisions collectively to improve current flaws in the logistics industry and propel the use of OpenPort’s blockchain-based solution.

The OEL Foundation has been established so that those within the supply chain industry can come together to work toward a shared objective that encourages adoption of a single solution that encompasses all parties. Because of the fragmented nature of the industry, success would not be possible otherwise.

By switching to a blockchain-based system (initially built on Ethereum) actions along the supply chain are recorded digitally as immutable entries on the blockchain. This means all records throughout a shipment's journey such as locations, handovers and exceptions along the way are all linked to an indisputable digital agreement (i.e. a smart contract). This comes with the following benefits:

Through the use of a distributed ledger, all entries form a tamper-proof log of activity across the consignments journey. – This limits room for dispute and allows immediate shipment updates to be shared across the network transparently.

This transparency reduces room for disagreement and improves efficiency. All parties are able to see alerts as they happen, allowing those affected to make decisions in real time, based on the entries provided by those on ground level.

Because of the improved trust and automation that comes with a blockchain-based system. The need for a middleman is also greatly reduced, thus saving overheads on third party contractors resulting in significant supply chain savings.

In addition to this, documents, fees and payments can be all be transferred instantly through the use of a predefined smart contract. Once all parties are satisfied, manufacturers, customer and shipping companies, all parties can be paid almost immediately. Cutting average payment speeds down from months to a small number of days.

OEL Foundation is built upon a team with a wealth of experience aware of exactly what problems plague the logistics industry. The vision of the OEL foundation is huge, their target market wide. Success will dependent on the involvement of key industry figures and implementation will require disruption of a fragmented, archaic system.

https://thecoinradar.com/icos-to-watch-q4-2018/

Thanks for sharing that. The team is really happy to have you.

[zulkarnaen]

At this time the Logistics industry needs a lot of changes, integration with blockchain is a good choice to develop this sector. OEL Foundation is one of the new players in this sector that offers several advantages, I think this project will have a good impact on the logistics industry.

[imma24]

As a proof-of-stake blockchain, the OEL Enterprise Architecture is optimised across four key criteria:

1. Low costs and consistent transaction speed – For scalability
2. Data confidentiality – For enterprise-grade applications
3. Rewarding data sharing – For bridging the gap between the physical supply chain and the decentralized ledger
4. Open collaborative governance – For ensuring standards required of all participants in the supply chain.

[Joshuella24]

At this time the Logistics industry needs a lot of changes, integration with blockchain is a good choice to develop this sector. OEL Foundation is one of the new players in this sector that offers several advantages, I think this project will have a good impact on the logistics industry.

Like you said, it will make same major changes and it will be great for the logistics industry.
Thank you very much for your kind words and supporting the project 

If you are not on our Telegram group, please join us https://t.me/OELFoundation 

[DutchTranslator]

The Open Enterprise Logistics (OEL) Foundation is a non-profit organization providing governance and resources for the development of the OEL blockchain ecosystem. The OEL ecosystem comprises the open-source OEL Enterprise Architecture, OPN Token and members of the OEL Alliance. A global initiative headquartered in Hong Kong, the Foundation promotes innovative blockchain technologies for enterprise logistics applications.

Check out this introduction video by ICOGenius if you are new to OEL: https://www.youtube.com/watch?v=q0xgQiJDbv4