Boom score:
Risk score:


Russia, 01.10.2017
Project description
ICO Details

QUASA is a platform that gathers cargo owners and cargo transporters including cargo transporting stock exchange. QUASA arranges different cargo transportations based on blockchain technology and smart-contracts. On the first stage of the platform, there will be the launch of the air cargo module. For today the unique algorithm is released and the entire working functionality exists that provides the organization of cargo air transportation all over the world. This algorithm and technological solution are no-how for international market of air transportations. To transfer your cargo or to become a cargo transportation service provider - you don't need specific knowledge of QUASA platform. After the approval of the moderators, any company can be admitted to transportation. Freight traffic is monitored upon request until the successful closing of the transaction. All actions are recorded in the blockchain, which excludes trust between the parties; Smart-contract, which is approved at the beginning of the shipment, will automatically perform a mutual settlement according to the data stored in the blockchain. Firstly the client fills information about delivery of the particular cargo from one place to another at a certain time. The platform, using statistics and forecast data offers the client price range and approximate delivery plan. If the client is satisfied with the basic conditions then he places the order. Accordingly, the system distributes the basic transportation scheme to registered participants whose advertising and/or statistical profile allows them to participate in such transportation process. It also points alternative delivery plans where price and/or time parameters can be improved. The posted goods will appear in the interface of registered carriers and in the module of the freight exchange, which takes into account the current routes/ statistics/plans of the carrier. Preliminary proposals are formed using an increasing price order, that is, from the lowest to the highest price. Therefore, the client can choose the final offer using the following filters: price, the reliability of contractors (where the price can be higher); Speed of delivery; The balance between the various supply factors. As soon as the client choose and request transportation contract, QUASA activates smart-contract with all participants of the transportation and insurance company. The main feature of the platform is its own cryptocurrency - QuasaCoins. The difference between QUASA and other platforms is that payments could be acceptable from everywhere with the internet connection. So that QUASA is available for every country including Asia. The platform does not have requirements except the one: order or transportation should not contradict the legislation of that jurisdiction from where the transportation was ordered or where it was delivered. Business processes with the use of QuasaCoins tokens are backed with more profitable and safe warranties than direct interaction between carriers and cargo owners. QUASA will provide the connected companies with tokens as guaranteed payment settlement means. For example, if there is mistrust between shippers, carriers, and cargo receivers, a safer and more convenient option would be to use internal payments rather than fiat money which is associated with currency and other risks. Use of blockchain technology and smart-contract excludes the problem of mistrust, informational barriers, and court costs. QUASA is the ecosystem, formed by companies that accept QuasaCions for payment. QuasaCoins will become more popular and in-demand that increases liquidity and, accordingly, its price. Then, truck and sea cargo modules are going to be introduced at the end of 2018 since they present the best trade-off between high demand for multimodal contracts and low difficulty of realization. In 2019 the company will expand the range of its services by adding customs services and introducing the opportunity to organize delivery of bulk load cargos. Together with the launch of new modules, state- of-the-art warehouse modules are going to be developed – the authorization of the companies which offer services based on logistic outsourcing (warehouse services and terminal operations). QUASA railway module will be added at the end of 2020. QUASA - is very simple, fast and easy that even a child can transfer cargo. This is the most accessible and democratic platform LOGISTICS 2.0 in the world, that beats all borders between countries and people and relieves its users from bureaucracy and limits of old-fashioned systems.

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ICO Date:
15.02.2018 — 15.03.2019
Technical details:
Smart-contract model
QUASA is a decentralized system which consists of several smart-contracts designed for tracking
Below is the description of some basic smart-contracts which are going to be developed for the work
in the system: «Identity», «Offer», «Deal», and «Order»).
1) After the verification performed by QUASA, the company becomes a partner of the network.
Partners can place private blockchains / DLT in their own working environment as well and work with
transactions which belong to the system. Normally partners are classified according to their functions
and roles in the system. Partner authorization is a two-step process, with the first step being Sovrin
licensing and the second one – registration of Ethereum Key user according to the identity agreement.
Identity Contact should authorize incoming requests and ensure the necessary level of operations
Each interested party has its own hierarchy of managers. At the arrival of a new request contracts
verify the authority using an open key, obtain UID and partner role, and fulfill the request.
2) All major contracts, such as «Offer», «Deal», and «Order», are managed by special regulating
contracts: <Name> Register, where <Name> is any of the three bases. Registers present access points
for new actions. Moreover, they are used for controlling the integrity of data updates. QUASA will
provide an opportunity of changing contract owners upon request. The use of registers will help to
track all client inter-relations, such as list of deals and offers, in order to create more flexible rules for
management and contract status. Some of them will provide privileged users with an opportunity of
changing the status manually while others can be changed upon special invitations only.
QUASA will introduce a service for supporting several approval mechanisms for closing deals where
stability and transparency guarantees are integrated on the basic level.
3) A deal is a contract between two or more parties, which guarantees cargo delivery. Contracts establish
unchangeable relations, at least between cargo owners and carriers. Yet, some other QUASA
partners may be involved, such as insurance companies.
Deal enable only automatic modification of the state. Each deal depends on the payment model.
Ripple API is used for the decentralized payment system. For more details, please go to «Payment
details» attachment.
The execution of the contract can be interrupted due to the fact that some external events are given
by provided users. Such events are generated by centralized systems, such as Tracing systems &
Customs. They change contact flows and can be (or not be) kickbacks.
4) Claims will be controlled by the claim settlement process which can be created manually
by privileged users or automatically in accordance with external system events. Each deal has
a default set of requirements. According to the announcement, participants are entitled
for compensation or document-proven confirmation of the violation of terms and penalties which
are to be applied. Claims are made in case of:
- lack or non-conformity of cargos (place of loading, equipment) with respect to the agreement terms.
Here we talk about the fact that the client has violated any term of the agreement which had been
fixed before its execution;
- lack or non-conformity of services (delivery, storage, et.) with respect to the agreement terms. Here,
again, we deal with any violation of the contractor agreement terms fixed before or during the
execution of the agreement. For example, the client has not accepted the service or accepted
it partially; the client refused to accept the cargo after the service was provided (fully or partially);
the information on the efficiency of service is missing after the waiting period has expired.
Deals can be interrupted by the arrival of Claims made by various privileged users:
- Transaction member’s appeal. Each party is entitled to submit a grade which influences the partner’s
rating. QUASA will automatically send a request for clarifications to the other party. Then QUASA will
provide (pay) preliminary report based on blockchain data, including the assessment of the balance
of the transaction.
- Insured carrier’s appeal. QUASA automatically provides a key for decoding contract data, tracking,
and damaging (free of charge).
- Authorities’ request. QUASA officially provides certificates containing data on contracts, tracking,
and damages, as well as details about partners (free of charge).
- Transaction expiration. QUASA sends notifications to partners. In case there is no reply from their
side, the platform closes the contracts as non-executed, imposes penalties, and reduces the rating
of the partners.
5) As we have mentioned earlier, there are various approval mechanisms. In order to manage such
mechanisms, a special type of contracts will be elaborated. An order is a public request
for transportation and includes its applicable particular features.
Cargo owners can search suitable itineraries basing on the existing offers, or create new offers
for transportation. In order to process best itineraries in case a user request arrives, QUASA is
integrated with special partners. They are official licensed partners which provide corresponding
services. Cargo owners use suggested itineraries and offered services and create new deals.
Partners obtain access to a private blockchain which is used as reliable environment where deals
cannot be canceled without justification. If a carrier send an offer and confirms the deal, he or she
cannot modify the contract, unless other specific rules are provided for.
6) Each deal provides for the involvement of document processing systems. The blockchain confirms
the use of evidence of existence. QUASA keeps file cryptographic digest which corresponds to the time
when the cargo owner and the carrier submitted the document. Hence, participants can later confirm
that the data already existed at this point of time. This is why a special contract is going
to be designed, which will save all confirmations necessary for cargo transportation.

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