Introduction
Legal Disclaimer –– All the information in this white-paper is published in good faith and for general information purpose only. Shypr does not make any warranties about the completeness, reliability and accuracy of this information. Any action you take upon the information you find in this white-paper is not financial advise and is strictly at your own risk. Shypr will not be liable for any losses and/or damages in connection with the use of our business or how the tokens will develop or the utility or value of the tokens. This white-paper outlines current plans, which could change at its discretion, and the success of which will depend on many factors outside Shypr's control, including market-based factors and factors within the data and cryptocurrency industries, among others.
What is Shypr?
Shypr operates as an on-demand shipping application, allowing users to request couriers to deliver items in a fast and efficient manner without having to leave their office or home. If you’ve got a package that’s ready to be delivered, all you need to do is log on to Shypr.io, select a destination and let local couriers do the rest.
Shypr aims to be the authority and the standard in the Logistics Industry utilizing the latest technology, that includes blockchain and cryptocurrencies.
Shypr started in 2019 as local delivery service. We will be in the process of launching Shypr Connect LAAS (Logistics As A Service) business model within the next year.
Supply Chain Challenges
Most clients face the following specific challenges for logistics functions:
Long and complex supply chains involving multiple organizations.
Lack of trust and limited collaboration.
Manual and paper-based processes, with a significant amount of transport costs related to documentation.
Lack of end-to-end transparency caused by a restricted flow of information, challenges related to tracing and tracking, as well as underutilization of assets.
Increasingly globalized and complex supply chains are having a major impact on international companies. Stakeholders within supply chains need to handle an increased amount of information while keeping track of more transactions, recording performance and planning future activities.
Logistics processes involving multiple parties require joint execution across every process step. Currently, most collaboration is conducted manually and offline, which often leads to redundancies and mistakes. Efficiency will only be possible if parties work together by sharing data to create transparency.
In this changing context, logistics functions face challenges related to sharing information along the supply chain securely. This is relevant in several ways:
Transparency: The flow of information to support supply chain planning and controlling (e.g. production or distribution).
Speed and efficiency: Getting the right goods to the right place at the right time through digitized and efficient processes (e.g. tariff processes, validating the origin of a consignment).
Traceability: Reconstructing the origin and movement of goods, and keeping track of materials at every stage in the value chain (including proof-of-location, audit trails and certifications).
Payment: Transferring money to suppliers efficiently and with reliable documentation.
Blockchain At-A-Glance
Currently, data from transactions between parties are usually stored individually with no overview of all of the activities. Blockchain, by comparison, offers a more robust automated network where records are shared.
Sharing data between parties is typically a huge trust issue that makes collaboration difficult. Blockchain addresses this trust issue because data ownership is shared by all of the parties involved.
How it works
How can blockchain add value for logistics functions?
Key characteristics of a blockchain
Distributed ledger
Every participant in the network has a full copy of all data, updated in real time. This removes the need for verification by creating a single source of truth.
Cryptography
The integrity and security of blockchain data are maintained with cryptographic functions, and all updates and changes are displayed with a timestamp.
Consensus
All updates, changes and transactions must be validated by all participants, this eliminates the need for central controlling and creates trust.
Smart contracts
A computer program which executes itself when certain terms and conditions are met. No human interference is required. It automates the repetitive and ‘if else’ situation in operational and commercial processes.
Blockchain readiness check
☑️ Multiple parties share data and need views of common information
☑️ Multiple parties update data and take actions that need to be recorded and change data
☑️ Requirement for verification participants need to trust that the actions that are recorded are valid
☑️ Intermediaries add complexity removal of intermediaries can reduce cost and complexity
☑️ Time sensitive interaction reducing delay has business benefits
☑️ Transactions interact transactions created by different participants depend on each other
Ultimately, blockchain enables different organizations to share data securely and achieve common goals more efficiently. It makes it possible for stakeholders to interact without the need for a central controlling organization. And it can open up opportunities to develop completely new business models.
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