{"id":11141,"date":"2021-08-02T00:05:57","date_gmt":"2021-08-01T21:05:57","guid":{"rendered":"https:\/\/esatoshi.club\/?p=11141"},"modified":"2021-08-02T00:05:59","modified_gmt":"2021-08-01T21:05:59","slug":"obortech-x-satoshi-club-ama-recap-from-29th-of-july","status":"publish","type":"post","link":"https:\/\/satoshi-club.esipick.com\/index.php\/2021\/08\/02\/obortech-x-satoshi-club-ama-recap-from-29th-of-july\/","title":{"rendered":"Obortech x Satoshi Club AMA Recap from 29th of July"},"content":{"rendered":"\n

Welcome to another episode of our AMA\nseries. Today we are glad to tell you about the AMA session with our friends\nfrom Obortech<\/a>, a project with\nstrong fundamentals addressing real-life problems. The\nAMA took place on July 29 and our guest was Tamir B., CEO and Founder of\nObortech.<\/p>\n\n\n\n

The total reward pool was 500$ and was\ndivided into three parts. In this AMA Recap we will try to summarize some of\nthe most interesting points for you.<\/p>\n\n\n\n

\n\n\n\n

PART 1, INTRODUCTION AND COMMUNITY\nQUESTIONS<\/strong><\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Hello Satoshi Club! We are happy to announce\nour AMA session with Obortech!  Welcome\nto Satoshi Club. @B_Tamir welcome here.<\/p>\n\n\n\n

Tamir B: <\/strong>Thank you. I\u2019m happy to be here with you all.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>Let’s start! Introduce yourself. How\ndid you get to be involved in crypto & OBORTECH? Tell us please about\nyourself and your position in OBORTECH.<\/p>\n\n\n\n

Tamir B: <\/strong>I\u2019m CEO and Founder of OBORTECH. Before the project, I was\na project developer and communicator for international development projects\nthat were implemented by governments of USA, Switzerland, Mongolia, etc. Most\nof their projects were implemented in transportation, energy efficiency, and\nmining sectors. I also have passion for UX\/UI design for over 10 years and\nalways wanted make things simpler with design ideas. As for the crypto\nindustries, I was one of the passionate people who joined the 2017-2018 bull\nrun and learned a lot about the blockchain and crypto back then. Based on my\nprofessional experience international development project, a passion for design\nto make things simpler, and interest in crypto\/blockchain, I started the\nOBORTECH project in 2019 with my colleague.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>What is the essence of your project?<\/p>\n\n\n\n

Tamir B: <\/strong>We are aiming to solve one of the most complex and big\nproblems faced with any economy of the world, which is supply chain\ninefficiency. OBORTECH aims to create the Smart Hub, a fully digital ecosystem\nwhere all actors in supply chain remotely collaborate in a decentralized and\ndemocratic blockchain network.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>Also we would like to know about your\nteam. Who is on the project team?<\/p>\n\n\n\n

Tamir B: <\/strong>Sure. We ourselves have been in logistics and project\ndevelopment fields for a long period of time. Our co-founder has been in the\nlogistics sector for over 20 years, and now leads one of the biggest logistics\ncompanies in Mongolia. Our Chief Counsel\/Lawyer is Harvard Graduate and has\nextensive experience in corporate law and regulations. Our CFO\/Finance person\nhas over 20 years of experience in central banking, financial and investment\ninstitutions. Our blockchain architects have also been in software development\nfor 20 years and in the blockchain field for 6 years. We have a team of\nveterans for their respective fields.<\/p>\n\n\n\n

We are an international team. Some\nof us working in our office, and others working remotely from different parts\nof the world. Also current pandemic situation urges us to work remotely even\nwhen we are in a same region. So, I think working as a remote is a new norm for\nall of us.<\/p>\n\n\n\n

Q1 from Telegram User @josegamboac<\/strong><\/p>\n\n\n\n

The\nworld\u2019s current situation, necessitates the adoption of emerging technologies\nin the transportation and logistics industries. People all over the world have\nnow realized the importance of blockchain and other newer technologies in\nsupply chains. As a platform developed in Blockchains and the crypto world,\nwhat is the contribution that Obortech makes to the current global situation of\npandemic by Covid 19?<\/em><\/p>\n\n\n\n

Tamir B: <\/strong>Good question. Some recent studies show supply chain\nmanagers are now more aware of importance of technologies for smart logistics.\nBecause, the Covid 19 tested all our readiness and agility to react quickly on\nunexpected situations. On that, smart and agile supply chains were winners.\nFrom now on, it will more require digitization of all sectors. So, having smart\nlogistics underpinned by emerging technologies like blockchain and IoT is\nimperative for all companies now. Simplest example is we need fully digital\necosystem in supply chain that everyone not physically interact to exchange\npaper based information to avoid contagions.<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong> So, with your system we won’t need any paper\ndocumentation?<\/p>\n\n\n\n

Tamir B: <\/strong>Yes. All is digital. Even though you need to exchange\npaper document via old way, you can scan your document and our system will read\nand convert it to digital document using OCR technology. And your colleague on\nother side can accept your document remotely using blockchain based validation\non our system. So, you won\u2019t need to deliver your paper based document in\nperson.<\/p>\n\n\n\n

Q2 from Telegram User @orlemys<\/strong><\/p>\n\n\n\n

I\nread that you offer IoT sensors for real time visibility and tracking, as this\nis a key feature in your project, I\u2019d like to know what is this IoT technology,\nhow efficient and accurate it is, and if it\u2019s up to industry standards, or if\nit is more experimental? Also, more importantly, how safe is this tech against\nhacking, in fact how safe is your overall platform against hacking and theft?<\/em><\/p>\n\n\n\n

Tamir B: <\/strong>Alright. The biggest advantage of IoT technology is you\ncan get the real-time data of movement and condition of the cargo installed\nwith IoT without needing to call freight forwarders or transporters. We are\nusing IoT sensors and installing them on trucks and containers that monitored\nvia our platform. So, it can monitor location, temperature, sealing, humidity\nof the cargo in real-time for you. Actually, all IoT sensors we are using in\nour platform have already been commercially accepted and used in the industry.\nAs for the security issue, we are using industry accepted technologies that are\nalready being used by big companies. For instances, our blockchain platform is\nbased on Hyperledger Fabric, which is used by many big enterprises. Our IoT\nsensors have already gotten many security standards and widely used by many\ncompanies. So, there will be less chance of hacking these technologies.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>By the way, if an insured event occurs\nand the goods are either stolen or damaged, who compensates for the loss of customers?<\/p>\n\n\n\n

Tamir B: <\/strong>It will mainly depend on the terms of the service between\nparties and established contract between them. However, our system\u2019s role will\nbe informing all the parties in real-time whenever there is sealing breach in\ncontainer or shipment route deviations. Since all events are registered on blockchain\nand responsibility of any party will be identical on our platform, the disputes\nwill be resolved quickly between parties on our platform. As for the\ntraditional systems, such disputes take months to be resolved because of lack\nof audit traces and trusted information about the events.<\/p>\n\n\n\n

Q3 from Telegram User @Asela1112<\/strong><\/p>\n\n\n\n

Using\nCERTIK, Obortech audited the Smart contract. But when I took a look, 93% tell\nObortech secure & remaining 7% say it is insecure. Why is that? In CERTIK\naudit report, safety assessment is in average level as they mentioned. Will you\ntake actions to evolve Obortech platform as a more safety platform? you have\naudit just one time even you start Obortech concept in 2019. As I think,\nObortech should be audited 3 times at least by 2021. So will you bring more\naudits in future to the Obortech ecosystem?<\/em><\/p>\n\n\n\n

Tamir B: <\/strong>Sure. It is just a starting point. We\u2019ll do more work on\nour platform and get more audits not only by Certik but also by different\nagencies for different parts of the platform. For instance, we are aiming to\nget GDPR compliance audit by third party agency this year on our main platform.\nGDPR is a data protection and privacy regulation by European Union. The GDPR\ncompliant platform means it\u2019s users personal data is protected and more control\nis given to its users. One of the most important factor for decentralization.<\/p>\n\n\n\n

Q4 from Telegram User @Arisabela<\/strong><\/p>\n\n\n\n

There\nis an alliance between Obortech with logistic companies and governmental\ninstitutions from Mongolia, Europe and Australia. Can you explain to us what\nproblems in these countries you intend to solve with OBORTECH digital\nsolutions? How important is this participation especially with the Mongolian\ncompanies for the project?<\/em><\/p>\n\n\n\n

Tamir B: <\/strong>A major problem OBORTECH is trying to solve is supply\nchain inefficiencies caused by mistrust between parties and absence of unified\ninformation exchange. Particularly in Mongolia, there is a trust gap between\nregulators, private sectors, and even between border and regulating agencies in\nneighboring countries. Because of these, there are more complicated and manual\nprocedures lagging shipments and trade processes between parties involved in\nbusiness relation. So, we are collaborating with logistics companies,\nexporters, regulators, international organizations in Mongolia to build unified\ndata exchange digital platform based on blockchain and IoT for all actors. So\nthat trust is built between them and create more smooth process of trade and\nlogistics.<\/p>\n\n\n\n

Mary | Satoshi Club:<\/strong> Which countries are you expect to work with in\nthe nearest future?<\/p>\n\n\n\n

Tamir B: <\/strong>We\u2019ll start from Mongolia first. However, we\u2019ve received\nsome early interest messages from companies in Germany, Belgium, and other\nEuropean regions. Once our main platform is launched, we\u2019ll do more marketing\nin regions other than Mongolia.<\/p>\n\n\n\n

Q5 from Telegram User @Highpee<\/strong><\/p>\n\n\n\n

Your\ntotal token supply is 300,000,000 and out of this, 20% is reserved for team, 3%\nfor management whereas 43% is kept as ecosystem reserve. Why do you allocate a\nhigh % of token to the team which is almost equal to the 23% of $OBOT you sold\nto the public during token sale? What is the difference between the team and\nmanagement allocation? Is the founding team different from management team or\nwhy are they having separate allocations? Also, what is the purpose of the\necosystem reserve and why is almost half of your token allocated for this\npurpose? Who controls the administration or utilisation of this fund and when\nis it released?<\/em><\/p>\n\n\n\n

Tamir B: <\/strong>As for the 20% allocation of team tokens, those are locked\nfor 2 years with 25% release every 6 months. That means, all that tokens for\nthe team can\u2019t be released in a single time. For tokens of management, those\nare locked for full 2 years and reserved for future management of the team in a\nlong-run such as third party advisory board members etc.<\/p>\n\n\n\n

The ecosystem reserve is the tokens\nfor future release of different activities similar with other tokens in the\nmarket. As you can see that there are many well-known crypto projects that just\nreleased only less than 20% of their total token supply and keeping their\nremaining supply for future activities.<\/p>\n\n\n\n

Gold Rocket | Satoshi Club: <\/strong>By the way, share your tokenomics with\nus please.<\/p>\n\n\n\n

Tamir B: <\/strong>you can see it on our website at https:\/\/www.obortech.io\/obot-defi<\/a><\/p>\n\n\n\n

Mary | Satoshi Club: <\/strong>Which activities do you plan in the nearest\nfuture?<\/p>\n\n\n\n

Tamir B: <\/strong>Our major aim now is to launch the Smart Hub this year and\ndo more marketing after that. We\u2019ll produce more use-case videos and contents\nafterwards. Also expect more partnership news this fall. We are having many\ndiscussions with different parties at the moment for collaboration\nopportunities. We\u2019ll release their news only after the confirmation of the\nformal collaboration.<\/p>\n\n\n\n

Q6 from Telegram User @nhairym<\/strong><\/p>\n\n\n\n

OborTech\nis only available on Uniswap and ProBit Global exchanges, as is the purchase\nprocess, have you considered joining other chains and creating a more adaptable\nand accessible space for your investors and buyers? Do you have a pre-sale\nprocess planned soon, how do you see the project in the long term, what are\nyour projections to close this year?<\/em><\/p>\n\n\n\n

Tamir B: <\/strong>We are thinking of possibilities migrating to BSC, Cardano\netc. But, currently waiting our main platform\u2019s development. We are also\nthinking of third exchange but that needs to happen only after the Smart Hub\nlaunch.<\/p>\n\n\n\n

\n\n\n\n

PART 2, TELEGRAM COMMUNITY LIVE\nQUESTIONS<\/strong><\/p>\n\n\n\n

The chat was open for 120 seconds; a\nlot of questions were posted by Satoshi Club community. Our guest chose some of\nthem.<\/p>\n\n\n\n

Q1 from Telegram user @potentialsake<\/strong><\/p>\n\n\n\n

You\nhave a feature named Smart Hub so what is Smart Hub and what are the features\nof Smart Hub?<\/em><\/p>\n\n\n\n

Tamir B: <\/strong>The Smart Hub offers:<\/p>\n\n\n\n