Olam

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Ico logo olam.jpg The Global Supply Chain, Streamlined
Rating 4
Team Vision Product
5 5 5


Summary[edit]

Olam is a transformative open-source platform and protocol designed to completely streamline communications for the entire global supply chain industry.

Token OLM
Price 1 OLM = 0.1 USD
Bonus Available
Platform Ethereum
Type ERC20
Accepting ETH, Fiat
Distributed in ICO 40%
Soft cap 5,000,000 USD
Hard cap 40,000,000 USD
Tokens for sale 606500000
Country Switzerland
Restricted areas USA
preICO start preICO end ICO start ICO end
2018-05-01 13:00:00 n/a n/a 2019-01-01 13:00:00


About[edit]

As we progress into the 21st century the demand for global shipping is increasing rapidly. This growth is driven by the vast array of consumer goods, food and pharmaceuticals. Serving the endless needs and desires of the consumer has become the driving force behind this industry.

The rapid increase in shipping traffic is accompanied by both old and new problems. From planning to execution, the most critical challenges concern the efficiency and security of transportation. These concerns, combined with the global waste problem of perishables, leaves the industry in need of innovative solutions. Furthermore, it may come as a surprise that still most processing of shipments is paper-based and that the digitization of the logistics process is considered cutting edge technology. This outdated paper processing mechanism greatly reduces the efficiency of the supply chain flow.

The Olam project was born of the notion that the road to a digitized supply chain starts with a common language among all stakeholders. Beginning with the shipper, through the brokers and carriers, and all the way up to the receiver, an efficient communication platform for all stakeholders is required to achieve the full potential of the supply chain industry. This conceptual language is based on Information Technology (IT) and will enable enterprises and various other supply chain vendors to thrive, compete and even cooperate in a decentralized, trusted and fair environment.


The Olam team has come up with a fresh approach to these problems which involve the following:
 A revolutionary yet non-disruptive solution for a rapidly growing $9 trillion industry.
A neutral Not-for-Profit organization supporting a standard for the logistics space.
APIs where an ecosystem of solutions and services can thrive.
Cooperation and alignment with governmental authorities and regulatory bodies.
Enhancement and automation through the use of smart contracts and IoT (Internet of Things).

The aim is to establish a common platform with a single IT language that stakeholders can utilize to drive efficiency up and delivery times down, while reducing or eliminating the aforementioned challenges to the industry.

The Olam team alongside world leaders in logistics, IoT, big data and analytics technologies, is initiating a Not-for-Profit (NFP) project that will offer an innovative decentralized platform which aims to become the standard for the digitization of logistics processes in the supply chain. The NFP is an efficient and completely neutral way to run the platform, as stakeholders will be confident about the platform longevity derived from the NFP funding and the open source approach. The foundation will receive funding through the selling of the platform’s tokens, OLM, that will allow users to make use of the platform’s services.

In this white paper, we explore the challenges of the global supply chain market. We then describe Olam’s endeavor to provide solutions, which will overcome the challenges that hold the industry back from reaching its full potential. This includes the ability to automate manual processes and enable new types of logistic services, processes and transportation models. It is our aim to make Olam’s platform the standard choice for all logistics activities and services in the supply chain.


Team[edit]

Team photo 3468-39870.jpg
David Weisman
CO-FOUNDER AND CEO
Team photo 3468-39871.jpg
Yaron Kaufmann
CO-FOUNDER AND CTO
Team photo 3468-39872.jpg
Shlomo Berkovitch
VP OF BUSINESS DEVELOPMENT


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Adv. Lior Zaks
VP STRATEGIC BUSINESS
Team photo 3468-39874.jpg
Dana (Reich) Adam
CMO
Team photo 3468-39875.jpg
Chaim Belfer
VP R&D


Advisors[edit]

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Gerard van Kesteren
Advisor
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Marcel Fujike
Advisor
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Udi Dagan
Advisor


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Eyal Hertzog
Advisor
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Tetsuya Osaka
Advisor
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Andreas Furrer
Advisor


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Moshe Ben David
Advisor
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Yosi Shacham-Diamand
Advisor
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Royi Itzhak
Advisor


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Phil Gerskovich
Advisor



Milestones[edit]

  1. April 2018
    PoC demonstrating shipment setup and view. Basic smart contract.
  1. July 2018
    Olam beta network on the air.
  1. September 2018
    MVP- Olam network operational.API Ver 1.0 supporting paperless logistics, Complete shipment flow, allowing electronic documents check in, view and signature.
  1. April 2019
    API Ver 2.0 supporting IoT, secured storage of shipment sensors.
  1. December 2019
    Smart contracts V1.0 supporting temperature controlled shipments clearance.
  1. April 2020
    API Ver 3/0 supporting finance. Allowing seamless payments between the logistics service providers.

Ratings[edit]

Expert photo yehuda-levi-1535274209.jpg

Yehuda Levi - CTO
Rated on 2018-09-27

Definitely keeping an eye on this project. Very exciting… I’m particularly interested in the barebones solution: unlike many great blockchain projects tackling supply chain failures and inefficiencies, Olam’s approach seems more fundamental, focusing on establishing a broad and easily accessible communication channel instead of on separate, novel, silver-bullet solutions to individual problems.

The vision of an open-source internet for logistics to (finally) allow virtually any logistics provider to speak the same IT language as its supply chain partners, is brilliant in its obviousness. This capability is demonstrated in the Foundation’s Proof of Concept, an experiment running live for several months at the time of writing this review. Considering this, along with the DLT-agnostic nature of the solution, we would not be at all surprised to see other blockchain projects in this genre make use of Olam’s protocol when bringing their products to market.

The Olam team is full of specialists, experts in their respective fields, which is particularly important in the blockchain arena. The Board of Advisors is even more exciting, counting several high caliber mavens with significant authority in the logistics and supply chain sector. When regarding this ever-conformist industry, knowing partners from some of the world's largest logistics entities in the world are participating in the project is a major factor in our review.

Very exciting stuff! Following carefully.

Rating
Team Vision Product
5 5 5

Expert photo benchy.jpg

Benchy - ICO Analyzer Bot
Rated on 2018-10-19

Rating
Team Vision Product
0 0 0