NEXTPAKK: REVOLUTIONIZING THE GLOBAL LAST-MILE PACKAGE DELIVERY INDUSTRY
INTRODUCING BLOCKCHAIN TECHNOLOGY
Over the years, the emergence of the advanced system of blockchain in solving different problems in different sectors and improving the interaction of humans with each other has attracted the attention of businesses, companies, individuals as well as corporate organizations in adopting/embracing the technology. There are more than 2,000 cryptocurrecncies in the world each designed to solve a particular problem. The gradual public acceptance of the bitcoin and other altcoins globally has resulted in the rise in value of these cryptocurrencies as more companies and individuals now use these coins to solve one problem or the other.
The blockchain Technology is an advanced technology that provides fast, cheap and secured transactions between individuals and other users without the need for a middle man or third party while ensuring privacy of the users’ information.
THE GLOBAL LAST MILE PACKAGE DELIVERY SYSTEM AND ITS CHALLENGES
In recent years, the e-commerce has gained more attention which has surpassed the initial patronage in previous years with the e-commerce expected to generate $2.4 trillion globally in 2018 which will enhance the growth of the last mile logistics. The US is expected to spend $632 billion shopping online by 2020 which will be almost $200 billion increase from what was generated in 2017 and more than 2.14 billion people are expected to buy goods online in 2021 above the 1.66 billion digital buyers in 2016 the same year that about 65 billion parcels were shipped worldwide.
However, the rapid growth of e-commerce market has created a challenge for delivery companies in managing the exponential and fast growing market and eventually not able to meet the consumer demands in providing and effective and efficient last mile delivery services.
Additionally, the biggest challenges in last mile delivery are often driven by customers such as incorrect addresses, remote locations, cramped and often times unsecured storage rooms locations, absence of the customer to receive the package, unexpected cancellations of orders and returning orders among e.t.c which has created the difficulty for delivery companies in providing an adequate last mile delivery services to final consumers.
Similarly, the issue of package theft and packages being lost on transit have been another issue that requires an urgent attention and the avoidance of missed deliveries and lost or stolen packages from homes has caused 35% of Americans to ship their packages to alternative address resulting in extra costs, long distance traveled and increased emission.
The existing package delivering companies such as UPS and FedEx do not provide consumers with last mile delivery service as they only rely on the United States Postal Services for residential deliveries which is has been overwhelmed by the demand for a specific day deliveries as the USPS make just one stop at a residence per day. This is as a result of the existing delivering companies in the package delivery industry not ready to embrace the change of a trending movement of users from B2B to B2C which has continued to accelerate over the past five to ten years as e-commerce was normalized.
Another problem in last mile delivery is Carriers trying to cut the cost of logistics on delivering packages to consumers in their residences in order boost their margin profit which is against the way the carriers have designed their system initially eventually feeding consumers with empty promises that are not realistic. This is turn discourages the use of delivery companies by end users as most of the Carriers fail in their promises and consumers eventually resolve to shipping their package to an alternate address attracts an extra cost.
Retailers and end users need to be provided with choice, convenience and control over their packages by carriers for a better and improved package delivery experience where they can be sure of safety and security of their packages without any report of theft or lost and last mile delivery needs to be made as convenient as possible to the end consumers so that the end consumer can buy more from that particular retailer.
THE STATE OF THE CURRENT LAST MILE LOGISTICS
When placing an order online, customers often place a high value on speed, flexibility and cost of delivery which are very important in satisfying the complex demands of end consumers. Customers demand to have the flexibility from a variety of delivery options and locations for pick up.
The other packages get sent to the fulfillment center where the retailers( both small and large face the challenges of shipping rates and dimensional weight fees which are mostly expensive and not favorable to these retailers especially the smaller retailer who lacks a large network of distribution centers eventually causing retailers to find alternative options of delivery to end consumers.
The Package is then assigned to a route and a driver which is scheduled to dispatch at a particular date and the package is delivered and left at the residence even if the consumer is not at home.
Additionally, rigid infrastructures which do not keep up with consumer demands result in the low quality last mile delivery services such as :
Access which is determined delivery density, weight, size , distance and mode of delivery that matters to carriers
Distance in which the routes taken are subjected to adjust by the driver based on historical routes.
Missed Deliveries which may be caused by environmental impact (Carbon Footprint), limited fuel economy, cost of packaging materials required as well as harsh environmental conditions.
Traffic which might be so heavy in the cities thereby hindering the package delivery at the estimated time except in rural communities where traffic is not experienced.
Stolen packages from consumers homes since 95% of residential delivery takes place between the hours when most of the working Americans are at work (9:00 am – 4:00 pm) because the packages are left at the residence of the end users even if they are not at home.
With these challenges mentioned above, the need to revolutionize and improve the last mile delivery system to meet up with the exponential rate of the global e-commerce market in providing a safe and convenient last mile delivery to end users is however essential.
INTRODUCING NEXTPAKK IN PROVIDING SOLUTIONS
NEXTPAKK provides a blockchain powered platform that creates a marketplace of online shoppers, local businesses for package delivery points(PDPs) and local last-mile delivery drivers giving consumers convenience, full control and security over their delivery.
NEXTPAKK is poised to creating a decentralized platform that offers consumers with scheduled last mile package delivery 7 days/week using the combination of blockchain technology and sharing economy to produce an efficient and effective result in last mile package delivery to end users. Pakka blockchain will be the backbone of the ‘DApps’ built to conduct logistics businesses and last-mile services using Pakka tokens as payment and or collateral for damages through out the package deliver process from pick until final delivery.
The delivery service provided by NextPakk is time and location specific with the packages delivered to the end user personally at a convenient time and location of his/her choosing.
A SUMMARY OF HOW NEXTPAKK LAST-MILE DELIVERY WORKS
The following steps summarizes how the NextPakk last-mile delivery works throughout the shopping and delivery chain for Consumer A that wants to use the NextPakk delivery system as illustrated in the diagram below :
- Consumer A creates a NextPakk free profile and gets a NextPakk ID and a shipping address is assigned to the consumer.
- Consumer A shops online and ship the package to his NextPakk address without disclosing any of his personal information.
- Consumer A package arrives in his local package delivery point(PDP)
- The NextPakk app prompts Consumer A to schedule and pay for his package delivery at the convenient time that he will be available to receive the package personally.
- The NextPakk driver delivers Consumer A’s package at the scheduled time .
- Upon completion of the delivery, the smart contract distributes payments in Pakka Tokens to respective stakeholders involved in the delivery process ( delivery driver, PDP and NextPakk)
The delivery system provided by NextPakk offers retailers as well as end users safe and simple last-mile delivery where they can have more options to choose from (choice) as well as convenience and full control of their package delivery .
This is made possible with the use of Blockchain technology and sharing economy adopted by NextPakk for improving the experience of users in a safe, secured, fast and cheap last-mile delivery as well as private interactions in real time and location.
THE PAKKA TOKEN
The utility token of the NextPakk is the Pakka token and it is the only accepted currency for payments between all the stakeholders on the NextPakk platform for all transactions and it is a stellar network token and can be shared among its holders and users. Pakka token is however expected to gain more attention of high demand when the NextPakk platform is officially launched.
CONCLUSION
The solutions brought by NextPakk in tackling the challenges in the last-mile package delivery using the blockchain technology and sharing economy provides a convenient and safe last-mile delivery for end users. It also helps the carriers to be able to manage the fast growing delivery demands by consumers as a result of exponential expansion in the global e-commerce market which might rise higher in the nearest future.
Investors are however urged to participate in the ongoing token sale of Pakka tokens and secure a spot at getting a convenient and safe last-mile delivery from NextPakk when launched .
For more information on NextPakk and how to participate in the ongoing token sale kindle visit the following links:
Website: https://www.nextpakk.com/
Whitepaper: https://s3.amazonaws.com/nextpakk-assets/docs/pakka-ico-whitepaper.pdf
Telegram: https://t.me/nextpakk
Twitter: https://twitter.com/nextpakk
Author
BitcoinTalk Username: Eyez_berg
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