According to the whitepaper, OBORTECH’s (OBOT) founder, Tamir Baasanjav, began the expansion of the Smart hub with a reliable information ecosystem. OBOT provides access to real-time analytics and data and better shipment visibility.

Based on a practical blend of blockchain and IoT, the Smart hub modifies the existing logistics system into an easy and safe procedure familiarizing unified communication, more suitable tracking methods, and better transparency. The motive of the OBOT token is to allow the payment of the transaction fees of the Smart hub on the bundled applications such as blockchain, a cloud-powered communication hub, a decentralized networking marketplace, and IoT-based real-time tracking.

The Smart hub is a completely integrated system designed for shipments in a supply chain. Right from when the load exits the production site or warehouse and reaches the importers’ hand, Smart hub leverages blockchain and the cloud-driven communication hub accessible through easy-to-use web, mobile user interfaces, or an open API. Furthermore, blockchain is a distributed ledger that makes transactions in a sequence of blocks connected with cryptography, creating a chain of firm records. Blockchain technology allows numerous stakeholders to share information securely and privately without intermediaries.

The idea is to bring all the supply chain actors together and let their supply chains share data. Also, they collaborate, perform data analysis, and confirm product accountability on a real-time basis over a secure platform.

The OBOT token creates a blockchain-based decentralized marketplace to facilitate purchasing, trading, and dealings of services without any intermediaries required by the marketplace users. Here, all the processes of the market are monitored by smart contracts. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on Blockchain.

Besides this, OBOT token holders can stake OBOT to induce passive earnings by several APY terms. By having specific portions of OBOT, users can preserve nodes in the marketplace’s blockchain network and partake in governance determinations.