Volume is a technological innovation that is driven by information to enhance the way and manner at which commercial enterprise transactions are executed. VOLUM is that platform that satisfies those necessities and many more that are required in executing smooth, transparent and secured transactions. It is a blockchain atmosphere for manufacturers, bottlers, distillers, distributors, governing corporations, brand incubators and creators of Alcoholic drinks. On VOLUM platform, manufacturers, bottlers, distillers and vendors can trade, view, add, download, notarize, sign up, validate, approve and disapprove records regarding contracts, purchases, sign up of raw gadgets, monitoring and tracing of products and materials, identification of products, trade assurance of products, letter of intentions, Certificate of Origin, purchase orders, paperwork regarding specific processes in different parts of the business, delivery, liquids registration and of course payment.
In addition to this functionality, VOLUM also provides the following useful services:
❖ It will permit Government Authorities to have a fixed and everlasting presence on the platform, from wherein they will be capable of streamline their procedures that they are required to perform collectively with licensing, technique tracking, Colas, Certificate of Origins, Registration of Brands, Permits monitoring and verification of licenses and vetted reputation.
❖ It will enhance Customs and Border patrol by means of making sure performance in regulating get admission to importation and exportation files, certificate of starting and their respective strategies.
❖ The platform will boost Internal Revenue Service by verifying businesses profits production, and be capable of get hold of instantaneous payments for their reputable tax schedules relying on the charge in step with transaction.
❖ The platform moreover works with several regulatory agencies to offer felony advice and approach records.
VOLUM business model is to invest in portfolio corporations that currently have the ability to without troubles create, lengthy-term asset rate. This will give VOLUM shoppers and investors diversification across more than one organization and industries. Currently volum has finished plans to put money into 5 major critical groups taking hold of it minority take after the completion of volumt TGE. These five companies consist of: Software Developers Associates, Inc. (AirTab/NowVana), Energy Rescue Systems Corporation, Assets Credit Management and Equity Financial, LLC (ACME Financial), GridPower Network, International Spirits and Beverage Group (ISBG).
VOLUM TOKEN MECHANICS
Volum is specifically a B2B blockchain ecosystem platform that is design to facilitate online retail marketplace which work in similar way like wholesale to retail shop. The main cryptocurrency for this platform is called VLM. VLM is what offers farmers/growers, producers, providers, public utilities, governing Agencies, taxing authorities, brands, economic institutions etc access to gain entrance into the platform. Volum inclusion to the blockchain framework is to foster transparency and to provide a ledger technology that offers every company or customer with the ability to trace the data use in transactions using smart contracts in order to execute business transactions securely. This platform is built on Ethereum blockchain which is an open source blockchain-based distribution platform. The major Ethereum token that will be used on this platform are ERC-20 token and ERC-21 token.
TOKEN SPECIFICATIONS
❖ ERC-20 PUBLIC ETHEREUM TOKENS
This will be use specifically for the following purposes:
• Access to the VOLUM platform,
• Listings on public exchanges,
• Direct transactions among customers outdoor the VOLUM platform,
• Access to the VOLUM rewards and bonuses structures.
Key features of token economics:
• Initial distribution of token with TGE,
• Implemented inflation in consistent with target marketplace increase,
• Token charge discount with prices payable in an ETH.
• Public TGEs for fundraising,
❖ ERC-721 ETHEREUM CONSORTIUM CHAIN TOKENS
VOLUM Consortium chain can be capable of set up as many ERC721 tokens as wanted for each deliver chain order. This operation can be loose as properly. When an ERC721 token goes from the A to Z supply chain manner, there may be an possibility to burn the token because it will not be desired (burning may be carried out by erasing metadata in the ERC721 token after which assigning its account amount to the last minted ERC721 token).
ERC721 tokens are used on Private Ethereum
Chain for the following purposes:
• Storing occasion facts amassed through APIs for the duration of deliver chain machine,
• Storing geo-information collected through SDK devices,
• Storing patron and customer order information.
Website: https://volum.io/
Whitepaper: https://volum.io/wp-content/themes/volum/images/volum-whitepaper.pdf
Bounty 0x username: cryptobaby
Congratulations @diamondbea! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
You can view your badges on your Steem Board and compare to others on the Steem Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOPVote for @Steemitboard as a witness to get one more award and increased upvotes!