OEL is a non-profit organization that provides guidance and resources for the development of the OEL blockchain ecosystem.
The OEL ecosystem includes the OEL Enterprise Open Source Architecture, the OEL Token
. The foundation is headquartered in Hong Kong and promotes innovative blockchain technology for enterprise logistics applications.
The mission of the OEL Foundation is to eliminate the paper burden on the supply chain by implementing a common, distributed and open architecture for enterprises using blockchain technology.
The adoption of blockchain technology in logistics will save more than $3.2 trillion a year, according to a study on the global digital economy by Artex