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  • (01. January 2010., 10:27:49)


Author Topic: Neulaut - A supply chain platform built on blockchain technology.  (Read 311 times)

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Neulaut is a logistics platform, providing seamless end to end supply chain for goods and service using blockchain technology. The Neulaut token, NUA which is a negotiable digital asset, shall enable users of the platform to pay for freight and other related services and to monitor goods as they progress along the shipping and delivery phase of the process, capturing payment uncertainties and helping business extract value for whatever they have invested. The platform uses the concept of space sharing, effectively matching owners of freight with shipping service providers globally. The paper work process is managed through smart contract and decentralised blockchain technology. The use of blockchain infrastructure will ensure layered security in confirmation and tracking of goods shipped through the platform, managing title documentation and ownership permissions for the flow of goods and services across national entities and custom. With blockchain technology, the core system that underpins cryptocurrencies, computers of separately owned entities follow a cryptographic protocol to constantly validate updates to a commonly shared ledger. The importance of this decentralised system is that important information can be recorded in real time and since it is trustless, the platform does not require any one entity to be the controller of the value chain. Every participant in the platform has access to certain, irrefutable recorded information on the movement of goods and services. This eliminates the problems of errors of entry, and builds confidence in the intergrity of the database and enhances the process of logistic accountability. The Neulaut system will engender trust amongst all participants



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