OPEN NETWORK PACKAGING

iqal (18)in #ico • 6 years ago (edited)

OPN – The Open Packaging Network believes in the power of blockchain technology to change the packaging space for the better. To that end, our solutions are designed to capitalize on these technological advantages to deliver value to ecosystem stakeholders. The ‘Open Packaging Network’, as the name implies, aims to provide open ecosystems for various stakeholders to transact with each other seamlessly.

After observing many market segments and customers in the packing room, the platform understands that the problem is spread across the spectrum and it is important to integrate all of these packaging verticals into one place to reduce transaction friction. Therefore, we came up with the idea to design a market for sellers to find their buyers’ counterparts and vice versa.

The packaging sector of the economy is oftentimes indistinct although, in almost every industry, packaging has played a big part if not the important one. Let's say that packaging is indeed everywhere, why would one need to determine its presence? Because the packaging sector is important, big, and is considered a billionaire business, that's only a few of the reasons why one need to look at it more. As the economy grows, the packaging industry directly follows. With this increase, Open Packaging Network aims to manage and positively help the packaging industry go with it.

Talking about packaging, one could have a slight idea of its market but packaging has different markets that one might not think of. Packaging has its digital packaging and labeling market which is almost as important as the product inside of it. Everything on the package, the design, just everything is scrupulously considered. Another example is the alcoholic drinks packaging which could be the bottle, the can, as well as the label. As more people find alcohol as a social drink as well as a celebratory drink, the right packaging will help it to stand out. One crucial market for packaging is the dairy packaging. People nowadays feel the health importance of dairy products and as the demand for it increases all over the world, the packaging becomes very important and one could say crucial because of its special handling.

The current system is a complex interaction network with many participants waiting for days together to receive confirmation of their transactions.
Open Packaging Network aims to provide a seamless system for real-time transaction confirmation along with many third-party tools and integration.

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