Open Packaging Network: A Decentralized Network For The Packaging Industry

Packaging has evolved immensely over the years. From serving a purely functional purpose, it has gone on to become a lot more than that. Packages now come in all shapes and sizes, colours and designs, to attract the consumers’ eye. It has become an advertising tool, to say the least, and now, it is a multi-billion dollar industry. But there are issues that challenge the packaging industry. Example, poor forecasting of the demand leads to an oversupply of stocks. This means suppliers do not get cash right away. There’s also the challenge to come out with high-quality packaging products but at the lowest possible cost, or to put it another way, to come out with affordably-priced products without sacrificing quality. This is easier said than done, given the high cost of raw materials today. Further adding to the problem are late payment, transparency, and trust issues. Most of these problems are in part due to the complex system of the industry. You see, the traditional system involves many participants and overlapping transactions, and this only complicates the process, leading to higher operational costs. Higher operational costs mean higher-priced products that will be passed on to the consumers.

The packaging industry is at that certain point that requires a transformation in order for sellers and consumers to mutually benefit from the billion dollar packaging industry.

With the promising future that the packaging industry has and the increase in demand for this service, there are challenges and problems faced by the industry, this includes:

• Transparency and trust
• Payment issues
• Quality and Accuracy when delivering
• Demand forecasting for sellers
• Low credit facilities
• Sustainable packaging
• Raw material price
• Time and security.

Open Packaging Network (OPN) is developing a blockchain-based platform to revolutionize the packaging industry. The Open Packaging Network (OPN) ecosystem is a fair marketplace where services are provided as per promises and agreements between buyers and sellers, an open platform for online reliable, fast and transparent transaction. Sellers and buyers are, indeed, able to publish services and products they provide or need, interact with each other get fulfilled from the counterparty. The ecosystem is designed to act as a one-stop solution for all packaging related services. Besides having access to a wide variety of goods, better prices and different integrated and reliable services, stakeholders can also enjoy the benefits of these services with the help of OPK tokens.

Open Packaging Network platform is a place where services are provided depending on the agreement between the buyer and the seller. The platform will be creating a wide range of choice for buyers to pick up since they are having access to a wide range and variety of goods at better prices. The platform is built on the worlds fastest and transparent technology, the Blockchain technology.

The platform is based on the Bid-Bet Model, giving both the sellers and the buyers greater control over their transactions. The Bidding Process allows buyers to post an order, and sellers are then notified of the order and will place their bid. The exchange of data will be validated, and a process takes place to provide the buyer with a shortlist of sellers. On the other hand, the Betting Process works in this manner - the seller posts an item and buyers are notified and will make the best offer. The exchange of data will be validated, and a process takes place to come out with a shortlist of buyers. Whether in bidding or betting, tokens will be used to claim ownership of the bid or best offer.

The OPK Token

It is liquid in form, which makes it tradable in exchange platforms, and transferrable to other platform users as payment of goods or services. OPK tokens also act as a means to incentivize platform users. They can be earned as a reward for an honest bidding, for making a successful delivery of orders, for matching profiles, and for validating transactions.

Token Details:

Token name: OPK

Token Sale Duration: 01/10/2018 - 28/10/2018

Standard: ERC-20

Token to be sold: 30,000,000 OPK

Soft Cap: $6 million

Hard Cap: $30 million

Total Token Supply(max): 50,000,000 OPK

Token Purchase price: 1 USD = 1 OPK

Min Purchase: 50 OPK

For more information, visit the following pages:

Whitepaper: https://drive.google.com/file/d/12MKdsHPQLQEqS5Ep9sO3BI30FJ1fGso-/view

Bitcointalk ANN Thread: https://bitcointalk.org/index.php?topic=4550928.0

Website: http://www.opnplatform.com/

Telegram: https://t.me/OpenPackagingNetworkOFFICIAL

Twitter: https://twitter.com/OpenPackaginNet

Facebook: https://www.facebook.com/OPN-Platform-178943839440080

Medium: https://medium.com/@openpackaging

Created By

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Bitcointalk Link: https://bitcointalk.org/index.php?action=profile;u=2246168