4.4 Recording Data
Last updated
Last updated
In order to operate the platform, diverse platform participants must record data about freights and logistics services. dKargo will provide DKA tokens as incentives to encourage participants to voluntarily provide data in the platform. This will encourage participants to use dKargo to earn extra incentives that they couldn’t have received in the current logistics system.
Participants can earn incentives by uploading various types of data on dKargo. Shippers can receive incentives for uploading freight and contractual data and writing a review on the participant who collected the freight. Logistics service participants can earn incentives by uploading data about their available resources and how the freight is transported and stored. For consignees, they can input data about the freight’s final conditions and review the participant who provided the last-mile delivery.
Participants will be encouraged to input data at the moment they received the freight to raise data credibility. The reward system is designed to provide less compensation the longer it takes for the participant to input the data. Also, in the long-term, an IoT sensor will be used to monitor the freight’s condition in real-time, which will solve the problem of data credibility.
incentives will be provided from the incentive pool, which is eatablished with tokens from transaction fees and partially from the reserve. The amount of compensation will depend on how much each participant contributed to the platform. This will be further explained in dKargo’s Economic Model.