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VOLT (ACDC) ICO Review – ICO Token News

Overview

VOLT is a platform improved on the existing centralized delivery platform, such as UBER, to enable direct P2Pdelivery. UBER and other companies utilize the central control as an intermediary and in return receives 20% commission. VOLT’s direct P2P model allows efficient communication between the customer and messenger to eliminate, or significantly reduce, the commission to less than 5%. Existing delivery platforms are built upon the Hub & Spoke’s centralized model. DHL and other companies have flourished and seized the delivery service market worldwide by implementing this model. Unfortunately, these centralized models have its limitation on offering “Same Day Delivery”. To improve this system and improve efficiency, VOLT’s blockchain-based P2P delivery model was developed.

VOLT  ICO is based on blockchain technology and, combined with smart contracts, will eliminate the dependence on the centralized system between the participants, significantly reducing the price of deliveries for customers. On the other side of the spectrum, the messengers and delivery companies will have higher income in-hand. Not only does VOLTguarantee messengers get a higher income, VOLT eliminates theme and technical constraints to allow anyone and everyone to use the system. This subsequently enables a larger pool of messengers, including retirees, part-timers, or those who want a second job to be actively involved. In addition, the order matching system can be further facilitated by messengers sent up a delivery radius according to the preferred means of transportation. VOLT’s core business leverages Big Data technology. VOLT’s utilization of Big Data to automate the system ensures a more user-friendly service. Existing delivery platforms are built upon the Hub & Spoke’s centralized model. DHL and other companies have flourished and seized the delivery service market worldwide by implementing this model. Unfortunately, these centralized models have its limitation on offering “Same Day Delivery”. To improve this system and improve efficiency, VOLT’s blockchain-based P2P delivery model was developed.

VOLT’s core business leverages Big Data technology. VOLT’s utilization of Big Data to automate the system ensures a more user-friendly service. Imagine a world that allows you to send confidential documents or contracts to the investors with just a few touches. VOLT’s innovative delivery-request system will open a new paradigm, introducing another era of convenience.

Hub & Spoke to VOLT Blockchain

The delivery service market is dramatically increasing worldwide. The online shopping market expands more than 20% annually, and its expansion is directly correlated with the delivery service market. Even the food delivery service market has recently increased dramatically worldwide, causing a correlated increase in the delivery service market, as well. Both online shopping and food delivery critically require an efficient, reliable and speedy delivery system.

VOLT for customers

VOLT offers transparency to customers by displaying all fees and expenses charged. If you have items to send, you can simply open the app and select the start and end delivery destinations. After listing the item and size of the item, you will be able to view the price and the estimated delivery me. Once submitted, the order is shared via Blockchain and connects to the messenger with the corresponding smart contract. The order is confirmed once the messenger accepts. The buyer then receives the information regarding the messenger and is even be able to track the messenger in real-me through our app.

Token Flow

VOLT’s business model is to connect customers with messengers. The company strives to provide a convenient and user-friendly service with customized algorithms and a smart contract-derived matching system using Big Data. For the customers to use this service, VOLT Coin is required. When delivering items, the value of the delivery service is determined according to the distance, me window and weight of the item. For example, a customer requires 600 Jula for item A to be delivered to a destination 2km away (Jula being VOLT’s term for a unit of work), whereas it may cost 1200 Jula for the same item A to be sent to a destination 6km away. VOLT is developing an optimal algorithm to calculate the price and is also aiming to introduce an auction system for special delivery requests. The use of VOLT Coins is required for the customer to submit the delivery request. To determine the amount of ‘work’ required for each delivery, we must take into account a number of variables. Check ICO list to know more about ICOs.

People and Organizations

VOLT’s Development department is divided into two divisions; An AI development team and a Blockchain development team. The AI development team is composed of prominent experts, including employees with doctorate degrees in Computer Science from UCLA and a graduate of Statics’ from Carnegie Mellon University. This team performs in-depth research on automatic price calculation, GIS-based route optimizing and instant hubs. The Blockchain development team is assiduously working on optimizing the system and is composed of professionals from the University of Oxford, Yale University, Korea University and Ajou University. In addition, a developer of ‘Naver Line’ has joined the team to work on bridging the blockchain smart contracts with AI technology.

Team

  • Philip Lee (CEO)
    Philip Lee (CEO)
    Philip Lee (CEO)
    Philip Lee is the CEO and Founder of Volt Tech Ltd. He received his master’s degree from UCLA. Philip has made Quick Quick an online and offline service company that reduces the cost of last mile delivery by implementing Uber-style delivery system. Currently, VOLT (Brand: Quick Quick) is the largest last mile delivery service provider in Korea.
  • Sangchun Shim (CSO)
    Sangchun Shim (CSO)
    Sangchun Shim (CSO)
    Dr. Sangchun Shim brought 30 years of his experience from KT (Korea Telecom). He was known as the ‘rainmaker’ at KT; He has an experience of managing and turning around 55 affiliates from total of $42million loss to 140million profit in mere 2y years’ time. Dr. Shim also spearheaded successful acquisition, value upgraded, and sale of “Kumho-Rent-Car”. The company was acquired at $300milion value and sold to Lotte Group at $1bilion in 2015. Dr. Shim received his MBA from George Washington University majoring in MSTI (Management of Science, Technology and Innovation) and earned PhD from Hanyang University.
  • Jieun Dino Lee
    Jieun Dino Lee
    Jieun Dino Lee
    (Co-founder and board member)
    Jieun Lee is a co-founder of QuickQuick (previous brand name of VOLT), and currently a non-executive board member. She is also a founder of LightUp, a service that provides a communication platform for consumers and companies to meet for social change. Jieun has worked for global investment banks such as Lehman Brothers, Credit Suisse, and UBS as an intern to gain her business skill sets. She graduated from University of Michigan, majoring in Economics.
  • Migyeong Gwak
    Migyeong Gwak
    Migyeong Gwak
    (A.I Team)
    Ms. Migyeong Gwak is in charge of the big data collection and AI development of VOLT. She has an ample experience in App development in both Android and IOS platform. Ms. Gwak is pursuing her PhD in Computer Engineering from UCLA and has been developing tools for big data collection and analysis.
  • Josh Lee (A.I Team)
    Josh Lee (A.I Team)
    Josh Lee (A.I Team)
    Ji Hoon Lee majors in statistics and data management at Carnegie Mellon University. He has work experience at Stonebridge Capital within the VC (venture capital) division analyzing and evaluating previous successful investments to ensure further success. He is involved in data analysis and AI development.
  • Gyeongrae Cho
    Gyeongrae Cho
    Gyeongrae Cho
    (Sales and Marketing Team Leader)
    Mr. Cho is our leader of VOLT’s sales team. He previously worked with Haitai Group, Pantech and Nokia in business analysis and sales. With his insights in technology, he is specializing in technology-based industrial sales. He graduated from Korea University with Engineering major.
  • Haewon May Byun
    Haewon May Byun
    Haewon May Byun
    (Blockchain development team)
    Haewon May Byun graduated from the University of Manchester, continued her master’s degree at University of Oxford and graduate studies at Cornell University. With her expertise in research, she has worked for Yale University as a research associate, and is currently involved in VOLT’s Blockchain development team
  • Sungjin Lee
    Sungjin Lee
    Sungjin Lee
    Sungjin is in charge of global market and legal research in VOLT. Before joining the company, he worked at Kim & Chang, the largest and the foremost law firm in Korea, as a legal researcher. Sungjin Lee graduated from the Waseda University.
  • Woosung Choi
    Woosung Choi
    Woosung Choi
    (Blockchain Development Team Leader)
    Woosung Choi is our Development Team Leader with 14 years of experience as senior web programmer, and has developed various programs for independent purposes. Choi has extensive experience in analyzing and streamlining solutions, and currently interested in the efficient blockchain research development
  • Hansol Song
    Hansol Song
    Hansol Song
    (Marketing Team)
    Song graduated from Kyung Hee University and was involved in marketing at WBC (Welfare Broadcasting Channel). She has expertise in Social Network Marketing.

Milestones

  • 1
    2018
    April - MAY : ICO Start
    ICO Pre & Public Sale
    May : Lisng
    Preparaon
    ICO Complete & Proceed Lisng
    Meeng
    June: Blockchain Backend Start
    VOLT Blockchain Backend Start
    July: Meetup in Seoul
    Meetup in Seoul / Contract with PR company
    August: Android Version Complete
    VOLT Android Version Development Complete
    September: iOS Version Complete
    VOLT iOS Version Complete
    October: Service Partners Contracts
    Service Partners Contracts / PR Promoon
    November: Blockchain Based Service Start
    VOLT Token can be used at various delivery services
    December: Meetup with Internaonal
    Conference
    Meetup with Internaonal
    Conference
  • 2
    2019
    January: Web Version Service
    VOLT Web Version Service Start
    February: App Upgrade
    VOLT App Upgrade
    March: Deep Learning Apply
    VOLT Deep Learning Apply
    April: Deep Learning Version Upgrade
    VOLT Deep Learning Version Upgrade

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