My uncle spent his working career on the sea, working on the merchant ships. He started as a simple sailor, but after graduating on the naval academy, he finished his career as a captain of an oil tanker. I will always remember interesting sailing stories that he was telling us when he was on the land. Some of them where typical sailors stories about high seas, courage, tattoos, too much alcohol and falling in love in every harbor, while others were pure fiction. He would often talk about pirates, giant squids, and even getting lost in a Bermuda triangle. He was starting his naval career in the 70s, and it was interesting to listen to how his work was changing together with a whole industry as technology progressed over three decades. We usually don't think about the fact that merchant ships are the backbone of the world's trade, but they are by far the most efficient way of cargo transportation.

When my uncle started his career, an average speed of the ship was pretty much the same as at the end of his career, thirty years later. What drastically changed was a speed of disembarkation of the ship's cargo. In the 70s it would not be strange for sailors to spend few weeks in a port while cargo is taken off the ship manually, while today the same process usually takes just one afternoon. It is not hard to imagine how much more fun the sailors in the past had and how less efficient shipping industry was. As a captain at the end of his career, he was always complaining about two things; tons of boring paperwork and cash payments for which he was often responsible. Those two issues are giving big headaches to the shipping companies even today. Ship officers spend more time dealing with different kind of documentation than doing any other job on the ship, while cash payments often lead to big loses in money and time.

To resolve this, we need an easy to use, fast, reliable, secure, and fully traceable universal world's solution; we need OEL FOUNDATION.





To get introduced into the basic idea behind OEL Foundation I encourage you to read this ARTICLE.

In today's article, I would like to tell you more about why I see OEL project as a promising mid-long term investment.

The Open Enterprise Logistics (OEL) Foundation team is aiming high with this project. They are already merging all important names from the transport, supply, and logistics industry with a final goal to provide them with a platform that will make their jobs simpler and create savings at the same time. If OEL team delivers everything from their roadmap, we can expect that this project will change the face of logistics and transportation and become a new industry standard. OEL will introduce blockchain technology into the business of all OEL ALLIANCE members. With OEL team experience and connections that they already gain by developing and successfully leading OPENPORT project, it is easy to understand why it is expected that OEL Alliance will grow fast and become an important part of the logistic ecosystem in the near future.