Connect with us
Active Currencies 14795
Market Cap $2,487,037,106,341.80
Bitcoin Share 51.50%
24h Market Cap Change $1.71

The new VOLUM Platform offers entrepreneurs an interesting choice

2min Read

Share this article

For many businesses, growth is about scaling production to multiply the impact of whatever margin the business tends to scrape out on a per-unit basis. But, for small and midsize producers of goods, the ability to scale into a larger framework is often dictated by whether or not the quantum leap can be made from local sourcing and simple logistics models to a framework that includes a global coordinated supply chain.
In other words, for entrepreneurs, growth eventually becomes a choice about how they want to see the world.
The fact of this choice is an inevitability. An efficient global supply chain leads to more wiggle room for other problems because it amounts to an expanded margin of profitability in the input-output relationship.
Why? Because a framework that expands beyond local and regional to include the entire world of marketplaces inevitably introduces greater competition into the model in terms of suppliers and sources. In other words, the entrepreneur is able to find truly the best product at the best price for each stage of the supply chain anywhere in the world.
Naturally, the expansion in profitability doesn’t happen unless the increase in logistical complexity can be handled without introducing excessive additional costs in terms of monitoring, management, and manpower.
This is exactly why VOLUM is such an interesting new application of the blockchain.
VOLUM was conceived as a supply chain management and logistics solution driven by blockchain technology for businesses looking to scale through the adoption of a globally coordinated production process.
The VLM utility token will launch on May 4. With the VOLUM blockchain platform, companies can track, route, identify, and source extensive data to monitor all stages of the supply chain. This data can be trusted and verified at any point during the production process.
The end result of using the VOLUM platform is that companies will have the power to scale from local to global markets much faster, and they will have much greater control of their supply chains.
In other words, the existence of the VOLUM platform offers entrepreneurs a choice that many haven’t had before: do you want to grow faster and bigger by capitalizing on the advantages that come with the capacity to access global markets and successfully coordinate the accompanying increase in logistical complexity?
For any business that sees this question and answers “Yes!”, VOLUM may be a gamechanger.

Source: 4kingmedia


Biraajmaan covers market trends of major cryptocurrencies. As a graduate in engineering, his interests lie in Blockchain technology. With over a year as a journalist, his articles focus on US and UK markets.
Read the best crypto stories of the day in less than 5 minutes
Subscribe to get it daily in your inbox.
Please check the format of your first name and/or email address.

Thank you for subscribing to Unhashed.