Olam search trends in Google
we progress into the 21st century the demand for global shipping is
increasing rapidly. This growth is driven by the vast array of consumer
goods, food and pharmaceuticals. Serving the endless needs and desires of the
consumer has become the driving force behind this industry.
The rapid increase in shipping traffic is accompanied by both old and new
problems. From planning to execution, the most critical challenges concern the
efficiency and security of transportation. These concerns, combined with the
global waste problem of perishables, leaves the industry in need of innovative
solutions. Furthermore, it may come as a surprise that still most processing of
shipments is paper-based and that the digitization of the logistics process is
considered cutting edge technology. This outdated paper processing mechanism
greatly reduces the efficiency of the supply chain flow.
The Olam project was born of the notion that the road to a digitized supply chain
starts with a com...
The aim is to establish a common platform with a single IT language that
stakeholders can utilize to drive efficiency up and delivery times down, while
reducing or eliminating the aforementioned challenges to the industry.
The Olam team alongside world leaders in logistics, IoT, big data and analytics
technologies, is initiating a Not-for-Profit (NFP) project that will offer an
innovative decentralized platform which aims to become the standard for the
digitization of logistics processes in the supply chain. The NFP is an efficient and
completely neutral way to run the platform, as stakeholders will be confident
about the platform longevity derived from the NFP funding and the open source
approach. The foundation will receive funding through the selling of the
platform’s tokens, OLM, that will allow users to make use of the platform’s
In this white paper, we explore the challenges of the global supply chain market.
We then describe Olam’s endeavor to provide s...
THE GLOBAL SUPPLY CHAIN MARKET
SUPPLY CHAIN AND BLOCKCHAIN
OVERCOMING THESE CHALLENGES WITH OLAM
VISION AND MISSION
OLAM’S UNIQUE APPROACH
THE OLAM FOUNDATION
PLATFORM DESIGN CONSIDERATION
REAL-TIME IOT INFORMATION
DATE SHARING: MONITORING AND REPORTING CHANGE OF CUSTODY
PAYMENT TRIGERRED BY PROOF OF DELIVERY (POD)
PREVENTING THEFT IN A SUPPLY CHAIN
PREVENTING FRAUD IN A SUPPLY CHAIN
IOT TOMORROW: INTELLIGENT AND SELF ORGANIZING SUPPLY CHAINS
OLAM PROOF OF CONCEPT (POC)
OLAM TOKEN MODEL
FUNDING AND BUDGET
In this white paper, we explore the challenges to the global supply chain market.
We then describe Olam’s endeavor to provide solutions, which will remove the
challenges that hold the industry back from reaching its full potential. This
includes the ability to automate manual processes, and enable new types of
logistic services, processes and transportation methods.
It is our belief that, with the Olam platform, we are creating a practical tool that
will help companies involved in logistic processes meet today’s industry
challenges with effective solutions that support business development. With a
standard open-source platform, Olam is aiming to solve the chaos of the logistics
world through the replacement of outdated mechanisms and procedures. The
platform will enable different players along the supply chain to easily connect,
communicate and develop their business with trust, reliability and transparency.
Once implemented, the Olam platform will be the standard choice for...
Prone to human errors
Difficult to maintain
Does not scale
Fraud and theft
Lack of traceability
Logistics Infrastructure Project
THE GLOBAL SUPPLY CHAIN
In 2016, the global supply chain market was worth $9 Trillion and is expected to
grow to $15.5 Trillion in 2023. Clearly, the global world economy is growing
rapidly, with the citizens of developing nations gaining increasing spending
power. This has generated a major demand for more products and services to be
shipped internationally, often to remote locations. In today’s marketplace,
customers of all segments are better informed and have increased expectations,
in line with their broadened knowledge. The rapid growth of e-commerce,
increased consumer demands and the rate of introduction of new technologies
has raised the importance of the supply chain. This is the result of shifts in
demand patterns and introduction of new competitors into the existing
marketplace, which has disrupted established
The result is that the global supply chain is under great pressure to meet the
demands of time sensiti...
THE GLOBAL SUPPLY CHAIN
The outcome of current supply chains relies significantly on the abilities of all
involved parties to have access to vast amounts of data in near realtime or,
increasingly, fully real-time. This is important because it gives them the power to
make decisions earlier on. As a result, shippers and 3PLs are moving away from
transactional relationships towards the establishing of meaningful partnerships.
It is these pairings that lead to innovative solutions which will improve the end-
user experience for customers, creating a truly competitive advantage for
shippers and their 3PL providers.
The introduction of e-commerce has also forced the current retail landscape to
evolve rapidly, as the e-commerce disrupts traditional retail practices.
Technology has made it easier than ever before for consumers to make purchases,
sometimes with the effort of a single click. These purchases arrive on their
doorstep within the very next day, and often on the same day or w...
1. Efficiency, Interoperability and Predictability
The lack of efficiency in the supply chain business is highlighted by Amazon’s
decision to take control of its supply chain. Utilizing its own IT technologies, it is
claiming significantly higher efficiency and shorter delivery times. This
inefficiency stems from outdated processing mechanisms, a lack of data and
Furthermore, the disconnected state of logistics services and communications
makes interoperability difficult. Repeated point to point connections and manual
transmission of data is the norm. The lack of standardized data aggregation and
communication also makes supply chain relevant predictions almost impossible.
2. Fraud and Theft
The last few years have seen a drastic increase in cargo theft and fraud. It is
common for criminals to spot grab shipments during the process, or simply
impersonate truck drivers and pick up the goods. Paper-based verification can
also be easily fo...
PoC demonstrating shipment setup and view. Basic smart contract.
Olam beta network on the air.
MVP- Olam network operational.API Ver 1.0 supporting paperless logistics, Complete shipment flow, allowing electronic documents check in, view and signature.
API Ver 2.0 supporting IoT, secured storage of shipment sensors.
Smart contracts V1.0 supporting temperature controlled shipments clearance.
API Ver 3/0 supporting finance. Allowing seamless payments between the logistics service providers.