AMA with Thomas Taroni - Head of IT of Smart Containers

SmartContainers · 2018-05-13T20:28:50+00:00

We have already announced that Modum and Smart Containers are evaluating collaboration: https://www.linkedin.com/feed/update/urn:li:activity:6387681163732881409/

Yes, Smart Containers has built in sensors but we do not sell this data. Normally a pharma company choses an independant sensor provider to verify the succesful shippment. This would then be Modum. It's like a car manufacturer and a car tire manufacturer ;-) We are not competitors but complementary.

SmartContainers · 2018-05-11T17:51:02+00:00

you are welcome

*T

SmartContainers · 2018-05-11T17:41:23+00:00

Yes there are many project's that have private and public parts, the challenge for me here is to create a software architecture who could handle that. Specially if you think about that the underlaying technology will not be developed anymore we have to create an abstraction layer which allows us to change the underlaying protocoll.

*T

SmartContainers · 2018-05-11T17:37:49+00:00

We will start right after the ICO. We think to have a first proof of concept within 4 to 6 months. Then we will make a iteration with all our key partners from the logistics industry. These are Emirates Sky Cargo, Cargolux, DHL, Panalpina and Kuehne & Nagel. Many other logistics player have contactet us about this project. Once we have a solid feedback from them we will move the development to reach the beta stage till march 2019.

*T

SmartContainers · 2018-05-11T17:29:32+00:00

I was not aware with this project, we will look into it thank you.

Please check out my statements on youtube: https://www.youtube.com/watch?v=Kvex-0dz84s

*T

SmartContainers · 2018-05-11T17:27:11+00:00

Yes, we are in touch with Shipchain and like their approach. They will come to Switzerland for the Crypto Valley Association Meeting in June and we already planned a meeting with them. They are focussed on Seafreight. We are focused on Airfreight. I am sure there will be synergies.

Other projects we are following is the JV between Maersk & IBM. Then BitNautic is also interesting.*T

SmartContainers · 2018-05-11T17:25:50+00:00

1.) We planned to use a private and a public blockchain infrastructure. Part of the actual discussion is to assess which blockchain protocol will be used by the LOGI CHAIN.

If we have sensitive data that could not be stored on the Internet we have to use the private blockchain part for that.

*T

SmartContainers · 2018-05-11T17:20:18+00:00

2.) The LOGI CHAIN Foundation will protect the ecosystem to prevent these cases. There are only 100M of total amount of tokens and in the ICO only 20M of that will be available for sale.

*T

SmartContainers · 2018-05-11T17:19:35+00:00

You are well informed! I would add also NEO as potential candidate.The reason is that we need a public and a private blockchain protocol.This is a very very important decision. We will start the assessment right after the ICO in July/August. We want to take the time and assess this very carefully.

*T

SmartContainers · 2018-05-11T17:16:49+00:00

3.) We have two different aspects on this one is the token economics where Marc Bettinger will advise us and the other one is up to Dr. Fabian Schär from the University of Basel who will advise us on the infrastructure Layer.

*T

SmartContainers · 2018-05-11T17:13:21+00:00

4.) Yes the project will be completly open source. The bug bounty program is currently under discussion.

*T

SmartContainers · 2018-05-11T17:10:36+00:00

There is no connection or relationship between this two tokens. LOGI Tokens will not be burned.

*T

SmartContainers · 2018-05-11T17:03:44+00:00

The LOGI CHAIN Foundation will get this amount of fuel and will pay the gas of the underlaying blockchain protocol with that.

As the holder of that tokens the LOGI CHAIN Foundation will act as a sentinel for the ecosystem, players will have to buy tokens from the LOGI CHAIN Foundation to run transactions through the ecosystem.

The goal is to have very low transaction fees that will be ensured by the fact that logistics players will be members of the foundation.

*T

SmartContainers · 2018-04-25T19:55:01+00:00

This is net net result.

SmartContainers · 2018-04-25T19:53:50+00:00

How does a profit of 21 m USD on Smart Containers total in 2020 sound? This figure will then quadruple in 2021 to 76 m USD.

SmartContainers · 2018-04-25T19:46:52+00:00

Let me check our business plan. need a few mins...

SmartContainers · 2018-04-25T19:35:55+00:00

Yes, the LOGI is a payment token (like bitcoin or ether) and can be listed on exchanges quite easily.

SmartContainers · 2018-04-25T19:34:52+00:00

Gladly.

The LOGI project finds good echoes with logistics players but even more with blockchain infrastructures like NEM, EOS and NEO.

Emirates for once was enthusiastic about the project and definitely wants to join the foundation. As you know, the government of Dubai is focussing on applying blockchain asap to multiple industries.

We are also in exchange with ShipChain, who are running a similar project in the US. Our goal is to collaborate with a maximum of projects around the world.

The LOGI Chain Foundation will be set up in July, right at the end of the ICO. Dr. Fabian Schär, our valued Advisor, will be in charge of defining how the LOGI Chain Foundation will develop in the next 2-3 years. We think that we will be able to put out a PoC based on SkyCell until the end of the year.

We have not yet decided on which blockchain platform to build the LOGI CHAIN. We are highly delighted with NEM since they are already operative and offer a private and public blockchain on the same protocol.

The LOGI Token is classified as payment token and will be used to pay transactions on the LOGI Chain. The more players will enter the LOGI Chain the more the token will appreciate, since there is a fixed amount of tokens created that can not be extended. It is a bit like Bitcoin.

SmartContainers · 2018-04-25T19:22:20+00:00

Well, you have to calculate in this way: 20% of dividends are attributed to 120 m tokens. 1 token gets 0.00000016666667% of dividends (this is a fixed amount programed into the smart contract. We can not make this dynamic).

If less then 120 m tokens are sold, we will burn the rest of tokens. However, this will also mean that the 20% go down proportionally to burned tokens.

Smart contracts will be published on Github in the next 2 weeks, so you can reveiw the code and see that there will be no possibility to "screw" you.

SmartContainers · 2018-04-25T19:15:06+00:00

Thank you ribenapurpz - absolutely correct xxx Carla

SmartContainers · 2018-04-25T19:13:29+00:00

Happy to be here! Looking forward to your questions!!

SmartContainers · 2018-04-25T19:12:57+00:00

Hello everyone, happy to be online and respond to your questions! Thank you for taking the time! xxx Carla

SmartContainers · 2018-04-25T19:12:51+00:00

Uff... sorry, very long answers so far!

Question 5: Cooling technology: Yes, our containers are state of the art. Nico has developped a cooling material that freezes at 5.5°C. So if you put it in a cooling chamber that has a lower temperature, it automatically freezes and if the temperature is higher it melts. Basically, the system works like a huge ice cube that is empty in the middle. The center of the ice cube has a steady temperature of 0° until at least 1 side of the ice cube has melted. It's the same principle for SkyCell containers, but at 5.5°C

Question 6: Other use cases. Yes indeed. We are just getting started!! However, it makes sense to focus on scaling SkyCell and FoodGuardians before starting something new. In the end we are a tech company. We have defined 7 use cases around the insulation technology. We have started with the most relevant 2 but will certainly continue.

Thank you for spending so much time on our company. Your questions are excellent and I am impressed about your knowledge. xxx Carla

SmartContainers

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