What Is Volum?
VOLUM is a holding company developed by Bengala Technologies, LLC and the International Spirit and Beverage Group (ISBG). Bengala is a blockchain-based software development company while ISBG is a top-tier incubator for early-stage brands in the wines and spirits market. The VOLUM platform delivers transformative logistics and supply chain solution to various industries including the alcoholic beverage industry and the advanced energy market.
Built on the Ethereum blockchain, VOLUM has its native currency, VLM, which is a mined coin that uses smart contracts to settle a wide variety of transactions between system participants.
Volum Business Model
VOLUM makes small investments in portfolio operating companies that it deems are best suited to maximize efficiency and competitive advantage by leveraging the platform’s decentralized logistics and supply chain technology platform.
By implementing this strategy, the company assembles a portfolio of businesses with the potential to become market leaders in their respective industry spaces. VOLUM generates revenue from operating company dividends and from the platform transaction revenue, paid in VLM currency, and from the companies that use the VOLUM technology platform.
How Volum Works
VOLUM operates in three main steps as follows:
- It starts by doing extensive research and vetting to determine the absolute best companies for its platform.
- VOLUM gives the selected companies the green light to join its platform.
- The companies are then entitled to the unique benefits on the platform.
Volum Accepted token
The VOLUM platform will operate exclusively on VLM utility tokens. The platform’s blockchain will operate on the Ethereum blockchain and will be fully capable of executing smart contracts.
This platform is completely revolutionary and gives companies greater organizational and capabilities than they have ever had before. With the VOLUM blockchain platform, companies can Track, Route, Identify, and oversight all the data activity that happens on their supply chains. All of the data will remain locked into the PLATFORM, which can be trusted and verified at any point during operations.
The 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. This is good for everyone. The VOLUM blockchain platform operates as one central point for business supply chain operations. Companies using this platform can conduct a wide range of blockchain transactions such as:
- Payments and rewards
- Purchase orders and legal contracts
- Regulatory compliance and taxation
- Shipment management
- Letters of origin and customs documents
- Inputs/outputs, and inventory ordering
- Delivery and parcel tracking
- IoT Monitoring and Reporting
- Big Data analytics
- Inputs and End-Product tracking and traceability
VOLUM has a strong team of experts to ensure that it works to achieve its intended objectives. Alonzo Pierce has served as president and chair of ISBG since 2014. He brings a wealth of expertise in brand management, strategic marketing, distribution, and sales.
Similarly, Mr. Detres has been actively involved with the crypto space since 2011. He is a certified Bitcoin professional recognized by the C4 Consortium and a certified MIT alumnus with a focus on blockchain technology.