QUASA

QUASA is a decentralized system that involves blockchain and consists of several smart contracts around the block and crypto currency itself. Such an approach brings the development of logistics technology to an entirely new level and ensures total security and privacy within the entire supply chain.

The QUASA platform is a system product created by a consortium of the most powerful, competent and experienced logistics companies and logistics organizations in Russia, the CIS, and other countries around the world. These entities collaborate with leading Russian logistics, enterprise and association organizations, worldwide, based on vendor agreements, partner contracts, and memoranda.

Project idea

The main concept of the project is to achieve technological breakthroughs in the logistics field by creating a transparent interaction system between all participants. QUANT's decentralized logistics platform offers innovative solutions based on the introduction of blockchain technology to supply chain management. This platform will help all participants to gain substantial benefits from a unique and transparent decentralized service and economic system based on QuasaCoin's own crypto currency

Market

For the launch of this project, we have chosen the Russian logistics market because of the following special features:

Market volume The logistics sector in Russia accounts for 5.6% of GDP (compared with 2.7% in the US and 2% in China). Russian forwarding service market is estimated to generate $ 1 billion a year and reach 5% of the logistics market. The net of trucking vehicles, a large number of ports and a leading role in international trade will help QUASA decentralize services to start well.
No special license . Unlike in other countries, Russian legislation does not license for transport activities. This will allow the QUASA team to avoid additional costs and start looking for clients for beta testing and localization in the market as soon as possible.
Develop IT infrastructure . By 2015 GLONASS devices are installed in 100% of Russian truck vehicles, and data collection systems for location identification are introduced. This will help developers to introduce general online cargo tracking with registration of ownership transfer in blockchain.
Close partnership . The corporate consortium that supports the QUASA platform consists of the most powerful, competent and experienced logistics and logistics companies in Russia, the CIS, and other countries around the world. These entities cooperate with leading logistics organizations, companies and associations in Russia and around the world, based on vendor agreements, partner contracts and memoranda
Crypto currency law status . As for the legal status of crypto currency, we can talk about the decriminalization of such currencies in Russia, not about their full legalization.

PROBLEM

Currently the cargo cruise market has in common with the taxi market before being conquered by internet companies: it is not transparent, chaotic and split between regional companies, not due to competition but due to internal reasons and unknown rules.

Logistics is not just about moving cargo. It also involves the movement of a large amount of information about the shipper and receiver, the nature of the payload, how to handle and pack it, what to do with this item at the final destination, and so forth. It goes without saying that logistics deals with large documents that make this complicated industry even more opaque. The final recipient can not trace the path that has been made by the load before it reaches the recipient.

The essence of the problem to be solved by the project

Replacement of centralized services with SMARTCONTRACT and BLOCKCHAIN technologies will ensure transparency in the logistics market. The commission generation will become clear, and the prices for services will be reduced thanks to open and transparent interactions between all supply chain participants. QUASA technology will greatly reduce the time, financial, and labor resources involved in the delivery process. At the same time new markets will be open to operators while the QUASA platform will serve as a benchmark for the quality of services offered in the market.

Another problematic process is the opportunity to obtain information about the movement and condition of the cargo. Currently implies the use of additional resources which, consequently, increases the commission size. When using the QUASA platform, this data will be incorporated into BLOCKCHAIN while the smart contract will ensure compliance with all terms of the agreement and will automatically make joint settlement according to the data contained in Blockchain. Thus, control over the fulfillment of the agreement will be made.

Industrial problems

More than 80% of all cargo shipments are made by intermediaries. Here are the appropriate reasons:

About confidence.

According to the study, in the US transport and logistics sector the total losses caused by economic crime reached USD8-30 billion. People are offered to develop contracts with partners and clients from legal and economic perspectives to avoid losses of USD40 billion per year, while 20% of cargo is not yet fully insured. Strategic issues pose a particular risk of opportunistic behavior that is included in the price of cargo shipments.

SOLUTION : Control over cargo shipments is made upon request until the agreement is successfully closed. All actions are listed in the blockchain that exclude trust-less relationships between the parties. An Intelligent Contract to be agreed upon at the start of delivery will automatically complete a complete settlement according to the data contained in the blockchain.

The risk of bankruptcy of cargo owners.

This allows the operator to conduct a cargo owner's due diligence analysis and impose a premium for the risk of possible bankruptcy with respect to its obligations. Logistics companies charge a premium of up to 30% and even refuse certain transactions depending on their partner's reputation.

SOLUTION : Authorized supplier authorizations and cargo owners increase the level of total responsibility. By using contemporary DLT technology, QUASA will provide private license suppliers. Other organizations must receive and verify this data.

The risk of hidden damage.

If the owner of the cargo (or, last person in the supply chain) receives the defective item, then there is no possibility of claiming compensation in court because it is not known who is responsible for the damage.

SOLUTION: QuasaCoin is a single virtual currency in which all QUASA settlements will be conducted.

Tax avoidance risk.

If the tax regulatory body suspects at least one of the supply chain parties for tax evasion, the cargo will be withdrawn or suspended.

SOLUTION : Automatic cargo insurance assumptions are not only at risk of partner opportunistic behavior but also the risk of force majeure damage.

Stock risk

In this case the logistics company is forced to modify the contract so as not to take into account the risk of depreciation. This makes logistics services more expensive.

Insurance is not enough

Most shipping agents only insure transport losses but not loss of cargo or damage compensation.

SOLUTION: Online GPS tracking of cargo locations and conditions is done using blockchain technology. In the early stages QUASA will be integrated with existing tracking technology providers through its protocol (https, mqtt, etc.). Data will be collected and shown to end users.

Information barrier issues and high prices.

The cost of finding information on operator rates and transaction fees is very high due to market segmentation and the absence of standard payment algorithms, as well as paper flows, additional services, and taxes. This makes the market less competitive and can be controlled by the seller. Therefore, cargo owners face the necessity to know and compare previous transport prices and to perform certain expensive analyzes. This issue affects the owner and operator of the cargo. For example, the absence of a common information space leads to a lack of efficiency and delays caused by lack of data about free containers.

SOLUTION: A single information system performs efficient data analysis and stops downtime of signal equipment. Thanks to this, the delay is reduced while the total efficiency is increased. forecasts help lower port loads and improve planning horizons while avoiding congestion. Clients may choose a shipping mode that meets the requirements for additional prices, conditions and services. A relatively low service commission (2-3% versus 8-15% for conventional forwarders and 10-25% for brokers) is what makes QUASA different from other field competitors.

Problems idle.

The pendulum principle contributes up to 50% of the efficiency losses in the logistics sector. The problem is that export and import balances are not respected in the subregion. For example, a truck driver drove drinks from Arezzo to Saloniki but returned with an empty vehicle because nothing could be exported from Saloniki. Thus, the tenants usually lower their rates.