Neulaut Token

The platform uses the concept of space sharing, effectively matching owners of freight with shipping service providers globally. The paper work process is managed through smart contract and decentralised blockchain technology. The use of blockchain infrastructure will ensure layered security in confirmation and tracking of goods shipped through the platform, managing title documentation and ownership permissions for the flow of goods and services across national entities and custom. With blockchain technology, the core system that underpins cryptocurrencies, computers of separately owned entities follow a cryptographic protocol to constantly validate updates to a commonly shared ledger.

The platform does not require any one entity to be the controller of the value chain. Every participant in the platform has access to certain, irrefutable recorded information on the movement of goods and services. This eliminates the problems of errors of entry, and builds confidence in the intergrity of the database and enhances the process of logistic accountability. The Neulaut system will engender trust amongst all participants.