The logistics business under its present architecture is steeped in complexity, characterized by inefficiency and therefore wasteful. There are a lot of middlemen and a killing bureaucracy down the supply chain. According to report, "to ship a parcel between two countries some two hundred documentation and communications(manual email are needed)". Information from the world health organization(WHO) has it that "40% of vaccines degrade due to temperature deviation during transport reducing their effectiveness and consequently diminishing patient protection".
Pharmaceutical companies lose a considerable percentage of their products en route supply no thanks to temperature variation which is down to delay in supply owing to bureaucracy. The story is not any different in the perishable goods distribution sector. But most households would rather have fresh from the farm agricultural produce while drug producers would be better served if their products are not compromised along the supply chain.
Smart Containers comes with a well-loaded and impressive resume, they come well recommended.
They are the 5th largest player in temperature-sensitive pharmaceutical logistics in just 5 years into operation, created the safest container in the market, with less than 0.5% temperature variation in 2017, they have 30% lighter container while carrying 50% more payload than the market average.
In fact, their antecedents can speak for themselves. The fact that they accept crypto-currency as a means of payment positions them as a serious player in the blockchain ecosystem, they have the ability to track and trace the position of temperature humidity and general condition of every container around the world with an infrastructure of sensors and gateways. They, therefore, have a pedigree in the logistics business and are out to leverage same in the blockchain technology to bring innovation that will change the way temperature-sensitive products are transported.
The goal of Smart container is to create a decentralized platform that allows a seamless and transparent operation in the logistics business thereby admitting multiple players in an ecosystem that is devoid of the present bottlenecks in the logistics business. In the new ecosystem called LOGI CHAIN, various documentation would be linked to a chip that is accessible to all parties involved in a particular transaction while the transactions fees will be made in LOGI tokens.
Smart Container aims to provide safer containers and fresher and qualitative goods.
The Smart Containers' SkyCell has made an incredible impact on the pharmaceutical product logistics sector also, their FoodGuardian aims to bring the kind of innovation that would allow for the consumption of fresh food produces despite having been hauled through some significant distances.
Technology is the driver of innovation and with cutting-edge technology at the disposal of Smart Containers, there is a near guarantee that the disruption needed to drive down cost and bureaucracy in the temperature sensitive logistics business can be engendered. It is therefore expected that their ICO would be embraced by the investing public.
