3.1 dKargo : A Decentralized and Cooperative Protocol for Next GenerationLogistics

In order to solve the problems of the current logistics system, it is essential to connect the separated participants of the value chain to create a flexible one. In this regard, participants in the logistics system must trust each other and collaborate for their mutual benefit. However, the heavily competitive logistics system makes collaboration difficult as data resources aren’t being shared. Even in international logistics where collaboration is relatively important, efficient collaboration is not taking place because no credible logistics protocol exists.

dKargo aims to build a decentralized and cooperative protocol for next generation logistics to address current challenges in the logistics industry. Efficient collaboration can be achieved with credible logistics data provided through dKargo. The platform will eliminate the risk of data tampering by using a blockchain-based protocol technology and provide a foundation for its users to collaborate without having to trust the other party. Also, smart contracts will solve the problem of unfair distribution of profit, which is a major obstacle to collaboration. This can be done without complex processes by allowing participants to earn incentives that reflect their contribution. This will allow dKargo to provide an environment for an efficient logistics network where participants can collaborate and focus on their strengths.

To build this platform, participants must voluntarily share their data. On the platform, each participant will receive incentives for providing data about their freights and logistics service. Incentives will encourage businesses such as freight transportation carriers, warehouse operators, and logistics-related service suppliers as well as individuals like deliverymen, warehouse employees, and customers to voluntarily participate in the platform. More incentives will be provided as the platform grows and participants will be able to receive fair incentives for their contribution to the platform’s growth.

Voluntary participation will lead to further collaboration with a variety of service providers. The current scope of logistics service will be widened, and customers will be able to enjoy new services that meet their needs other than freight delivery. Such services include basic services in freight transportation such as packaging but also other services that create added value such as freight inspection and repairs. However, such needs aren’t met most of the time except in specific sectors such as 3PL (Third-Party Logistics), and fulfillment. On top of that, currently available services aren’t connected in an effective system but are instead relying on phone calls and cumbersome paperwork. dKargo aims to seamlessly connect such services within the logistics system to revolutionize the customer experience. The existing logistics system focuses on simply delivering freight. What dKargo is trying to provide is the advanced model of the existing logistics system that creates added value.