NEXTPAKK - The Blockchain Enabled and Distributed Logistics Solution Built For Last-Mile Delivery
A storm has hit the investment market which we are not going to recover from. Crypto investment is that storm. With strict capital controls in place by most countries to control the flow of money and charge high taxes, cryptocurrency gained usage in circumventing capital controls and taxes, leading to an increase in demand. Cryptocurrency has been able to present an easy to use digital alternative to fiat currencies. Offering frictionless transactions and inflation control, investors have been prudent enough to add these currencies in their diversified portfolios as an asset, as the size of the market does not represent a systemic risk. Cryptocurrency employs the use of cryptography that assures high-security processes and verifies transactions personal to each user. Hence, counterfeiting and anonymous transactions are impossible to achieve.
While this revolution is gaining wide acceptance, Nextpakk, a digital platform that works on block chain technology to provide smooth logistics services to the e-commerce partners has arrived.
Before I take you on this voyage, please check out this video presentation
Now that I have your attention, let’s get right to it.
What exactly is NEXTPAKK?
NextPakk is a delivery service that allows customers to schedule delivery within an hour of the window ensuring customers are at home when the package arrives. NextPakk uses blockchain technology to track packages, while protecting customer identity and ensuring timely delivery.
For package shipments, NextPakk uses shared economies like Lyft, Uber, and AirBnB. Individuals can earn extra income in their spare time by sending packages to NextPakk.
Furthermore, Nextpakk is a digital platform that works on block chain technology to provide smooth logistics services to the e-commerce partners. It has been designed to especially eliminate the loopholes like lost deliveries, stolen packages, delayed deliveries, and many more. It takes care of the convenience for the online shoppers so that they receive their package on time. The platform keeps data privacy and data transparency very tact so that customers may feel safer and they can continuously track their parcels in real time. They no more have to keep thinking if their packets will be stolen or not. The platform is backed by a token system where a token is called as PAKKA Token which is used for trading or repayment or guarantee amount for the package.
At NextPakk, we’re “reinventing the logistics of life” and transforming last-mile logistics through a sharing economy built on blockchain. The beauty of this system is it’s frictionless, efficient, and transparent. Operating around a decentralized sharing-economy cryptocurrency, Pakka, tokens will be used to exchange value on the platform while effectively and securely tracking packages and their chain of custody. Pakka blockchain will be the platform of choice for logistics business and related services in the last-mile. We support local businesses through PDP (Package Delivery Point) partnerships: businesses accept packages, shielding them from porch pirates and inclement weather. From there, customers receive an alert, telling them their packages have arrived locally and they’re set to schedule delivery at their convenience – when they’re home.
NextPakk DApps Use Cases
NextPakk DApps can be applied to any shipping solution at any scale. For import/exports to shipping cars across cities to shipping industrial goods among distribution channels etc. However we are committed to use this solution to fix the Last Mile logistics problem area by driving the business through partnerships across small businesses across the country to hold our Package Delivery Points (PDPs) and building a fleet of share economy drivers across the country to bring down the issues that all the eCommerce and local businesses face in getting their goods in the buyer’s hands, the moment that matters. In areas where there are lot of losses in the shipment, Pakka blockchain will be a saviour for both manufacturers and shippers as the shipment is fully guaranteed by the underlying collateral in Pakka tokens.
The Blockchain Shared Economy
Blockchain and sharing economy, each disruptive on their own, were combined to create a decentralized platform for consumer-scheduled evening delivery, 7 days/ week. Creating a marketplace of online shoppers, local businesses for package delivery points (PDPs), and local last-mile delivery drivers that gives consumers convenience, control, and security over their delivery. Pakka blockchain will be the backbone of the DApps built to conduct Logistics business and last-mile services, using the Pakka tokens as payment and or collateral for packages, while changing hands from pick up until delivery.
Having fewer facilities decreases the proximity to consumers, reduces delivery speed and cost more money. An insufficient number of distribution facilities will increase travel time.
The location of last-mile distribution centers is critical. A company that doesn’t choose its distribution centers wisely will still incur considerable expense and delay during the last mile.
A five-mile trip in a busy city can take time. In more congested areas, companies will need to consider more than just distance.
With more people shopping online missed deliveries and package theft is a serious problem.
We're' partnering with local businesses to be our package delivery points to effectively utilize unused space. This will allow us to be scalable with minimal infrastructure while increasing the proximity to consumers.
The Package Delivery Points (PDPs) are located close (typically < 5 miles) to where the customers live, resulting in shorter distances and less time to make the final delivery to customers.
With the additional PDPs spread out in strategic locations in a city, they can efficiently overcome traffic challenges.
The PDPs and drivers are incentivized to create a platform that gives shoppers the control to schedule the day and time of delivery when they're home. This results in zero missed deliveries and zero package theft.
Retailers’ profit margins increase from fewer stolen packages
Local stores benefit from the use of extra space
Drivers earn extra income, using their vehicles to deliver packages
Carriers’ profit margin increase from fewer missed deliveries and miles traveled
Consumers gain convenience, control, and security due to fewer missed deliveries, stolen packages and limited personal information
NEXTPAKK ICO Details
Pakka - a token for exchanging value on the platform, tracking packages and establishing an effective chain of custody. The same Pakka tokens can be used to obtain NextPakk services and partner services as long as NextPakk operates in an area and there is a need for deliveries. Using Pakka tokens consumers can buy physical products and services from Pakka-enabled merchants.
They are allotting 50% of the tokens to fuel platform adoption.
The remaining 50% will be sold in three phases.
Total circulation of Pakka tokens will be 1 billion.
As part of private token sale we are selling 80 million Pakka tokens.
Token name: NextPakka token
Total supply: 1 billion Pakke
Softcap: $3.2 million
Hardcap: $ 32 million
To Purchase A Token: 29.05 – 30.09
Price: $0.16 - $ 0.32
SOFT CAP: $3.2 million USD | PLATFORM: Stellar | PURCHASE METHOD: BTC-ETH-USD
Private Token Sale
Duration: Mar 29th - July 30th, 2018
Price: 1Pakka = $.16 USD
Goal: 12.8 million USD
Duration: Aug 1st - Aug 31st, 2018
Price: 1Pakka = $.24 USD
Goal: 28.8 million USD
Duration: Sep 1st - Sep 30th, 2018
Price: 1Pakka = $.32 USD
Goal: 96 million USD
35% - marketing
25% - product development
20% - business development
15% - research and development
5% - Legal And Management
Q1 2016 Seed planted for NextPakk
Q3 2016 V1 of NextPakk as a physical solution
Q1 2017 Collected feedback from users on V1 and revisited the solution
Q2 2017 V2 of NextPakk solution based on shared ecosystem MVPConducted over 700 customer interviews
Q3 2017 Ran a pilot program involving 10+ apartment complexes
Q4 2017 Started work on building the platform based on blockchain
Q1 2018 Web app launch
Q2 2018 Private Tokensale
Q3 2018 ICO and token distribution
Q4 2018 Market reach in 3 US major cities
Q2 2019 Pakka DApps launch UK/AU/DE markets
Q4 2019 Expansion into 10 US major cities R&D using AI in Logistics
Q4 2020 Expansion into sub-Saharan countries
Q4 2021 Continued worldwide integration with the global supply chain.
Meet The Amazing Team
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Till next time…
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Disclaimer: This article was published in terms of the bounty campaign. I am not a project team member or its representative but a supporter of this incredible project.