OPEN PACKAGING NETWORK

About the project

How the OPN works…..

We believe in the power of blockchain technology to transform the packaging space for the better. To that end, our solution is designed to leverage the advantages of this technology to provide value to the stakeholders of the ecosystem. The ‘Open Packaging Network’, as the name suggests, aims at providing an open ecosystem for various stakeholders to transact with each other seamlessly.

The Open Packaging Network (OPN)ecosystem is a fair marketplace where
services are provided as per promises and agreements between buyers and
sellers, an open platform for online reliable, fast and transparent transaction.
Sellers and buyers are, indeed, able to publish services and products they
provide or need, interact with each other get fulfilled from the counter party.
The ecosystem is designed to act as a one-stop solution for all packaging
related services. Besides having access to a wide variety of goods, better
prices and different integrated and reliable services, stakeholders can also
enjoy the benefits of these services with the help of OPK tokens.

The OPN Ecosystem is designed in such a way as to create an inherent
virality to the network through ‘Last Bid’ and ‘Last Bet’ options for sellers and
buyers respectively.

Our solution to transform the packaging space for the better is designed
around the power of Blockchain technology: leveraging its advantages we
are now able to present our revolutionary open ecosystem for stakeholders to
transact with each other seamlessly.

THE TOKEN…..

OPEN (OPK):
As the fundamental unit of account on the OPK Blockchain, OPEN is a
liquid currency, and therefore can be bought or sold on exchanges, as well
as transferred to other users as a form of payment. It is has an incentive
structure: every positive behavior is rewarded while the negative ones are
penalized. Negative behavior reduces the rating of the actor as well as makes
him lose his staked tokens (made possible by KYC).

HOW IT WORKS…..

Having observed many market and customer segments in the packaging space, we realized that the problems spread across the spectrum and it is imperative to bring together all these packaging verticals to a single place to reduce the friction of transaction . Hence, we came up with the idea to design a marketplace for sellers to find their buyer counterparts and vice versa.