What is OEL Foundation?
Enterprise logistics in the supply chain is burdened by an unreliable and largely manual paper-based process. The resulting lack of transparency and absence of secure, trusted information creates cash flow delays and payment disputes affecting shippers and transporters globally. This situation makes maintaining liquidity very difficult in the transport industry.
Blockchain — by allowing the secure exchange of value and validation of transactions — is optimal for managing the movement of goods in a secure and traceable manner.
The OEL Foundation’s mission is to remove this burden through the adoption of a common, shared, and open source enterprise architecture utilising blockchain technology. To this end, the OEL Foundation will:
Build the OEL Enterprise Architecture.
A platform, protocol, and network used to deliver products and services for OEL Foundation Alliance members and the broader industry.
Launch the OPN Token.
A utility token, the OPN Token will fuel smart contract validation, serve as micro-rewards for sharing data to the network, and act as a point of access and stake on the network.
Host the OEL Foundation Alliance.
An alliance of supply chain participants, the OEL Foundation Alliance facilitates development and implementation of technical solutions for its members.
The ecosystem created by the Enterprise Architecture, Token, and Alliance will facilitate development of new logistics applications, with a particular focus on transport management.