VOLUM, a multi-dimensional blockchain technology holding company, is excited to release the following FAQ to help entrepreneurs and blockchain enthusiasts understand more about VOLUM and how it will help to level the playing field for small and mid-sized businesses ready to scale up with blockchain technology to leverage the advantages of a global supply chain and logistics model for production.

Volum

Please Note: This is a Press Release

Use Case: How will ISBG benefit from leveraging the VOLUM platform in managing its global supply chain?

ISBG is a perfect use case to understand the power of the VOLUM platform. As an authorized importer, licensor, and marketer of premium beverage brands, with sales of innovative products and brands worldwide, ISBG already coordinates inputs across several different markets, including some cross-border factors.

With VOLUM, the company will be able to sharply reduce costs by letting the platform handle the administrative burden in terms of tracking, routing, identifying, and sourcing all components of production for its primary products, including its premium tequila and range of CBD-based products. This includes monitoring and governing every step involved in managing the supply chain. The upshot is that ISBG immediately becomes a “platform company”, the most efficient model of business in application today.

And because all data related to these processes will be locked into the platform, the company can trust and verify everything every step of the way.

What does the VOLUM platform do?

The VOLUM platform operates as a comprehensive control center for supply chain and logistics management operations. Companies who use this platform will be able to carry out a wide range of blockchain transactions including: Payments, Rewards, Purchase Orders, Legal Contracts, Regulatory Compliance, Taxation, Shipment Management, Letters of Origin, Customs Documents, Inputs/Outputs and Inventory Ordering, Delivery/Parcel Tracking, IoT Monitoring and Reporting, Big Data Analytics, and Inputs and End-Product Tracking/Traceability.

All of these transactions will utilize the VLM utility token.

Why is VOLUM already being touted as “the golden child”?

Because the value proposition of a global supply chain model has been focused on centralized control by a single dominant player for most the past several decades, with economies of scale representing the most important factor in analyzing the benefits of the model, there has been little need to change the way business is done around the world when it comes to coordinating global logistics strategies.

However, with the advent of the blockchain, and the capacity to use a decentralized and algorithmically intelligent game theory landscape for coordination, a new choice now exists for small and mid-sized businesses: to adopt a “platform model” of operations and use VOLUM’s smart contracts to scale from local to global without having to accept disadvantageous terms of trade with a dominant supplier or customer.

How big is VOLUM’s addressable market?

Supply chain structures subsume nearly 70% of global GDP (about $54 trillion globally) and employ the majority of the world’s workers.

ABOUT VOLUM

Through its platform and its native cryptocurrency token, VOLUM (VLM) is creating an ecosystem for amplifying the success of promising companies by giving them the required resources to grow into dominant forces in their respective markets and cause true industry disruption. The VOLUM platform will run exclusively on VLM utility tokens. VOLUM’s blockchain platform is built on the Ethereum blockchain and will be fully capable of executing smart contracts. The platform consists of a marriage between the Internet-of-Things and the Blockchain to produce a comprehensive production solution for logistics and supply chain management.

ABOUT ISBG

International Spirits and Beverage Group (ISBG) is an authorized importer, licensor, and marketer of premium beverage brands, with sales of innovative products and brands worldwide. Based in Nevada, the Company’s expertise lies in the strategic development and aggressive early growth of its brands and the establishment of these brands as viable and profitable as an incubator. ISBG intends to nurture emerging brands through critical stages of market development, including conceptualization, go-to-market strategy, supply chain and logistics engineering, integrated marketing, and distribution. In addition, ISBG has now established itself as a health and wellness company with a focus on reshaping the CBD products market through state-of-the-art nanotechnology processes, developing a wide range of nano-infused CBD gummies and beverages formulations. These products will be sold through the Company’s website, as well as through established wholesale and retail distribution channels. The company has also partnered with Bengala Technologies to develop and commercialize enterprise and B2B software technology products targeting the logistics and supply-chain marketplace.

ABOUT BENGALA TECHNOLOGIES, LLC

Bengala Technologies is a Blockchain engineering firm that specializes in tailored technology solutions with particular expertise in blockchain and distributed ledger technology. The Company has achieved excellence in the field of blockchain and data efficiency by creating and deploying custom decentralized blockchain apps in partnership with select clients, producing reliable, secure, and transparent identities and operational platforms for businesses in a range of different industries and markets. For more information, go to info@bengalatech.io

FORWARD-LOOKING STATEMENTS

This press release may contain forward-looking statements that involve risks and uncertainties. These statements relate to future events or our future financial performance. In some cases, you can identify forward-looking statements by terminology including “could”, “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “potential” and the negative of these terms or other comparable terminology. While these forward-looking statements, and any assumptions upon which they are based, are made in good faith and reflect our current judgment regarding the direction of our business, actual results will almost always vary, sometimes materially, from any estimates, predictions, projections, assumptions or other future performance suggested in this report. Except as required by applicable law, we do not intend to update any of the forward-looking statements so as to conform these statements to actual results.


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Posted by Oliver Dale

Editor-in-Chief of Blockonomi and founder of Kooc Media, A UK-Based Online Media Company. Believer in Open-Source Software, Blockchain Technology & a Free and Fair Internet for all.


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