What is SUKU?
SUKU (SUKU) is a revolutionary blockchain-based ecosystem that aims to revolutionize the supply chain industry by making it more transparent, accessible, and efficient. It provides a supply-chain-as-a-service platform that connects consumers and businesses, providing engagement and growth solutions for brands in both the physical and virtual worlds.
The SUKU ecosystem consists of several components, including Trading Partners, Technology Partners, SUKU Platform, and SUKU Token. Trading Partners are platform users who interact and transact as supply chain participants, while Technology Partners are individuals or organizations that provide services or create applications on top of the SUKU Core Layer for users. SUKU Platform enables trading partners to transact and use applications created by technology partners. It has four layers: Application and Services, SUKU Core, Blockchain Layer, and Infrastructure. Finally, SUKU Token is an ERC20-compatible token that serves as the platform's native token.
Traditional supply chains have struggled with ineffective software solutions and complex processes, making them inaccessible and fragmented among participants. Despite innovations such as RFID technologies, cloud computing, and mobile platforms, supply chains lack integration, transparency, and efficiency. The inefficiencies within the supply chain often lead to missed opportunities for organizations and poor consumer outcomes.
The SUKU ecosystem aims to solve these problems by using an open software distribution model. It consists of applications and services used by the platform's trading partners and built with technology partners. The platform aims to connect trading partners and technology partners to facilitate business network expansion that eventually benefits the end consumer. Larger organizations with complex supply chains can use SUKU to complement their existing infrastructure and increase transparency. At the same time, smaller organizations with little or no existing infrastructure can utilize the suite of SUKU Platform capabilities to improve accessibility.
SUKU offers various infrastructures that enable it to grow in the physical and virtual world, including SUKU Omni, Infinite World, and SUKU DeFi. SUKU Omni offers transparency and traceability, helping brands transform their supply chains and provide conscious consumers with verified and transparent products. Infinite World is an NFT marketplace and metaverse infrastructure that enables brands and products to navigate the metaverse space. SUKU DeFi, on the other hand, is an ecosystem that includes purpose-driven lenders to provide microfinance opportunities to disenfranchised supply chain participants.
SUKU Token is an essential part of the SUKU ecosystem, as it is used in the platform activities of both trading partners and technology partners within the network. It offers users the right to vote on proposals to improve the SUKU Core Layer, transaction fees for specific transactions where the SUKU Core Layer is used, and rewards or incentives for users on the platform.
The SUKU ecosystem was founded in 2016 by James Bower, Addison McKenzie, and Shannon Coble. James Bower is the founder and chairman of Gamevice, while Addison McKenzie is a SaaS entrepreneur. Shannon Coble is the chief of staff and an Air Force veteran. Yonathan Lapchik is the current CEO of SUKU and a former blockchain product lead at Deloitte.
In conclusion, SUKU is a promising platform that seeks to revolutionize the supply chain industry by providing transparency, accessibility, and efficiency. With its innovative ecosystem and SUKU Token, it aims to connect trading partners and technology partners to facilitate business network expansion that benefits the end consumer.
The investment information, comments, and recommendations provided here do not fall under the scope of investment consulting. Therefore, making an investment decision based solely on the information and comments provided here may not yield results that meet your expectations.
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