Even though the Shipping economy is one of the most important economic ecosystem of the global economy, there has been sheer negligence in the development of it.
It's been decades but there's no significant improvement on the outdated economic system of Shipment & transport.
This is not a problem of lack of market capital though. Although the development progress slider is moving slower than a snail, the market cap is spiking fast. It's all set to reach fifteen trillion in five years.
Despite being a multi-trillion-dollar industry, it's bleeding. The supply chain market is riddled with a lot of problems right now.
Greedy players are ruining the economy through corruption and the development process is very slow.
Loss & theft of goods & shipments, extremely high consumer fees, incompetent and slow freight service, greedy middlemen adding extra charges, fractured communication, poor tracking of shipments and 99 other problems are affecting the Shipping the economy and decelerating it's growth.
Shipchain is a revolutionary blockchain system equipped with a fully integrated system across the entire supply chain.
Utilizing the power of blockchain, ShipChain aims to provide a transparent and decentralized marketplace for freight service providers and customers.
It's powerful "Track and Trace." system reduces the chances of loss & thefts of goods to zero and the ShipChain users can track their Shipmentsthrough the open ledger of blockchain. End to End unified track and trace across all carriers provides accurate tracking of Shipments and ensures safety.
And since it's built on the Ethereum blockchain, its automated and Turing-test complete smart contracts ensures everything is well verified and accounted. So, unlike traditional ledger systems where slow and incompetent human agents would often commit mistakes and cause loss and money of time & money, ShipChain system provides an efficient, automated, fast and a zero risk system for the Supply chain market.
It has an open API architechture which can be easily adopted by existing freight management systems and softwares which makes it even more convenient to use.
It also holds the operators accountable and increases their responsibility towards business by incentivizing their efficiency. Based on the reputation model, operators with high efficiency are rewarded more and hence the goods are likely to get delivered in time.
It also completely cuts off the middleman which decreses the inefficiency and service costs. ShipChain allows independent operations which speeds up the Shipping chain process.
With increased transparency and clear communication (thanks to the blockchain), ShipChain creates a well managed & synchronized logistics and transport system.
With all these features, it's a win-win situation for everybody in the Shipping business.
Whether they are consumers, ptoducers or transporters, everyone benefits from using this platform.
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