LogisCoin Whitepaper

Blockchain technology, which creates a permanent and transparent record of
transactions, is now being utilized to solve complex logistics problems that currently exist in
the supply chain process of moving goods from the point of origin to consumers. This
whitepaper will share the vision of Logis Coin (LGS), the Logis Coin Platform and how we plan
to contribute to utilizing blockchain technologies to solve existing logistics challenges.
This blockchain and cryptocurrency project is being developed by our global team of
blockchain and supply chain experts. As we make progress with our Light Pay Coin (LGS) and
Logis Coin Platform pilot and other related activities, this whitepaper will be updated to
reflect the latest status. Several aspects of the Logis Coin project mirror our LGS project and
we recommend that you take the time to also read the LGS whitepaper (see appendix for
details). Both projects are next-generation, hybrid cryptocurrencies based on proof-of-stake
(POS) mining and masternodes and leverages the innovations of previous generations of
cryptocurrencies.

Blockchain is a secure digital transaction book, managed by a network of computers
which provides a permanent record of information about the transactions of all users. Each
transaction or “block” is written sequentially in the register. The consolidated report on
transactions includes a progressive series of “blocks” that constitute the “chain”. Each “block”
or “mark” of transactions is checked by a cryptographically authorized set of participants,
which makes it impossible to damage or change information. As we consider blockchain in
terms of supply chain logistics, think of each major activity in the process as link in an actual
chain. As the goods are moving along the supply chain a new link, containing specific
information, is added to the database. For example, when goods are leaving the warehouse at
the point of origin, the shipper will add a digital ‘link’ containing relevant data. The truck
driver, when taking the goods for transport will add another ‘link’. Upon delivery to the
warehouse, another ‘link’ will be added. This process of adding links of information
continues until the goods reach the final destination.

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LogisCoin Whitepaper

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