OPN - The 'Open Packaging Network'


Hello everyone, in this new post I would like to introduce about OPK project, and for more details let's just go to the following discussion:

About  OPN

We believe in the power of blockchain technology to transform the packaging space for the better. To that end, our solution is designed to leverage the advantages of this technology to provide value to the stakeholders of the ecosystem. The 'Open Packaging Network', as the name suggests, aims at providing an open ecosystem for various stakeholders to transact with each other seamlessly.

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Problems in the packaging industry

SUSTAINABLE PACKAGING
With packaging come its perils. Packaging industry has been under fire from a lot of nonprofit organizations in the U.S who released a “Plastics BAN (Better Alternatives Now) List” in support of California’s 67 ban on carry-out plastics. Additionally, new technologies like 3D-forming for paper packaging is adding pressure on the packaging industries to transform into a more sustainable one. Not just in U.S but also in the EU, many regulations have been put in place.

DEMAND FORECASTING FOR MANUFACTURERS
Manufacturers are always unsure about the demand. The problem arises when the buyers want their orders delivered as soon as possible, also called as “hot parts”. But, on the flip side, the buyers complain that the suppliers never deliver the product on time. Thus, there definitely is a gap that can be filled.

PAYMENT ISSUES
The backbone of every business transaction is the financial transaction that happens before or after the goods are delivered from the producer to the buyer. Normally, the buyer wants to stretch the payments for a longer duration to improve his cash flow. Bigger buyers will likely have more bargaining power in this matter. However, this is a disadvantage for a tiny supplier since he will be devoid of cash for a long period of time.

TRANSPARENCY AND TRUST
One of the major problems that a manufacturing company faces with distributors and other intermediaries in the network is that they do not have complete transparency of the other firm’s working. Hence, the manufacturers must rely on whatever limited data that is available to them to make strategic decisions. However, these “hidden actions”, the ones that the companies don’t have an insight into might have major implications for their business.

LOW CREDIT FACILITIES
With advancements in technology, it has become imperative for manufacturing companies to get along with time and introduce new methods of manufacturing to stay alive in business. Unfortunately, not many businesses have the financial foothold to acquire these new machines due to their steep costs. Most of the times, without assets as collaterals, these SMBs might fail to secure a loan from the bank. Also, even if a loan is secured, it is done through a lot of paperwork which consumes a lot of time as well as natural resources.

QUALITY AND ACCURACY
The quality of shipments is one another important aspect of any supplier-buyer relationship.Unless the products delivered are of high quality, the relationship won’t last long. Damaged products or incorrect products are a pain to the buyers as they lose precious time on waiting up for the right product. Since time is money, the time spent is equivalent to business losses both for buyers and suppliers. Hence, it is of utmost importance that the supplier delivers his goods on time to the buyer.

SUSTAINABLE PACKAGING
With packaging come its perils. Packaging industry has been under fire from a lot of nonprofit organizations in the U.S who released a “Plastics BAN (Better Alternatives Now) List” in support of California’s 67 ban on carry-out plastics. Additionally, new technologies like 3D-forming for paper packaging is adding pressure on the packaging industries to transform into a more sustainable one. Not just in U.S but also in the EU, many regulations have been put in place.

DEMAND FORECASTING FOR MANUFACTURERS
Manufacturers are always unsure about the demand. The problem arises when the buyers want their orders delivered as soon as possible, also called as “hot parts”. But, on the flip side, the buyers complain that the suppliers never deliver the product on time. Thus, there definitely is a gap that can be filled.

Platform

ADVANTAGES

FIAT CURRENCY
Although crypto will be used as an utility token, there is no need of using it directly in a transaction. We understand that a traditional industry needs to start with fiat before moving on to crypto. Thus, with our platform , don't worry about crypto. You can perform hassle free transactions with fiat currency as well.

FAIRNESS OF PRICE
The Bid-Bet model allows sellers and buyers to choose the best deals based on their preference. This means that the stakeholders can rest assured that they are doing a fair transaction.

EQUAL FOOTING FOR PLAYERS
The token age functionality allows big and small players to be on equal footing as long as they meet their service levels. The reputation of a stakeholder is tied to his service level to start with.

USER IDENTITY
Stakeholders need not worry about who they are transacting with on the platform since the usage of Know Your Customer practice (KYC) helps to identify the counter-party and improve trust among the stakeholders.

IMPROVED TRANSACTIONS
Since reputation is directly related to the terms of agreement, it becomes imperative to maintain agreed upon terms. Also, Smart Contract enforces the agreements by penalizing those who are not fulfilling them.

BUSINESS PROMISE
Businesses, be it seller or buyer can be sure of getting a shot at securing an order if they get their buyer or seller on to the platform respectively.The Last Bid and Last Bet option provides an edge over competitors by allowing these businesses to place a last call on an order.

FIAT CURRENCY
Although crypto will be used as an utility token, there is no need of using it directly in a transaction. We understand that a traditional industry needs to start with fiat before moving on to crypto. Thus, with our platform , don't worry about crypto. You can perform hassle free transactions with fiat currency as well.

FAIRNESS OF PRICE
The Bid-Bet model allows sellers and buyers to choose the best deals based on their preference. This means that the stakeholders can rest assured that they are doing a fair transaction.

Token Sale Structure


Bonus structure


To find more relevant details of the OPN project please follow some resources for the following references:


BitCointalk username: Aray80

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