In the second half of the 20th century, shipping was revolutionised by the introduction of standard containers. Today, container shipping accounts for approximately 60% of the global maritime trade. The industry is huge and highly profitable, but also rife with problems: inefficiency, waste, outdated IT support, complicated, error-prone paperwork and substandard customer service. Increasingly it is also dogged by environmental regulations and mounting financial troubles for some of the leading companies.
At all times, delivery of goods by water type of transport was very popular. Before the appearance of large modern ships, people transported goods on wooden ships. They engaged in international trade, export and import of goods. Weather conditions, structural imperfections, numerous shipwrecks prevented the delivery of cargo to the destination. Despite all the shortcomings, transportation by water transport was necessary and very important for improving international relations and economic development.
What is Blockshipping?
The people behind the new project are looking at creating what is known as the GSCP platform and the intention is to create a ship registry that is on the blockchain where every container in the world that is being moved around can be located via their platform.
Also, their hope is that they will be in a position to improve the efficiency of the logistical side of things due to better tracking of what is actually going on at any given moment. They believe that there is just too much time being wasted and containers effectively being lost at sea resulting in delays as well as the paperwork being lost at the same time. They state that this is going to increase the CO2 footprint as well as cost a huge sum of money, so anything that can improve those areas should be warmly welcomed.
The Technical Aspect of Blockshipping
From a technical side of things, the project is looking at using the blockchain to bring a sense of complete transparency along with providing a shared ledger that will contain inventories of the containers as well as settling the financial aspects when orders are placed and containers are moved.
They have also noted that access to this technology is going to be made available to anybody that is involved in any aspect of the industry with the intention of it providing them with significant monetary savings. Each aspect is going to be controlled by smart contracts and the blockchain will allow people to get up to the minute information on the containers no matter where they are as each part of the transportation will be placed on the open ledger.
Furthermore, the smart contracts will also work on the premise of dealing with the payments side with the ability to automate the process. This is going to help the companies to reduce the costs associated with their admin.
The company is going to be using Ethereum as the basis for their platform bringing into play the security features that are associated with the platform, which is clearly important no matter the industry that you are dealing with. It also opens up the possibility of scaling things without putting any undue stress on the core of the platform, which is also a big deal when you think about the size of the industry.
The Advantages of Blockshipping
- now, in real time, you can track where the product is located,
- to find out what condition the goods are, whether they opened the containers or not, etc.
- eliminates the need for additional product labeling,
- the logistics of the goods improve,
- the speed of parsing of containers is increased,
- theft of containers is minimized, since all changes that occur with the container and the goods are tracked.
The platform uses the following tokens: Container Crypto Coin (CCC) and Container Platform Token (CPT). At ICO only one kind of tokens is represented: CCC. In the future, all holders of the token will be credited with a percentage of the company's income, in proportion to the number of coins available to the investor. Token Container Platform Token (CPT) is an internal company token and is used for internal transactions: for payment of services, payments between carriers, fees, etc.
Token Sale Plan
GSCP will operate will two types of tokens. The CCC Token is an external token to be sold during the ICO. The CPT Token is an internal utility token for operations on the blockchain:
The logistics behind the global trade is highly complex. First, it involves many parties and different shipment tracking systems. Second, with a growing demand for flow acceleration, shipping companies are nowadays heavily exposed to the rigours of global competition.
Thanks to innovative technologies, GSCP will enable data transparency alongside cross-party cooperation in a seamless, integrated network. Among the major tasks, that are supposed to be handled with the implementation of the system, are improved efficiency in cargo handling, cost reduction as well as shipment rationalization. Blockshipping GSCP will provide an extensive database on containers location and their destination with real-time updates, as well as logistics data from carriers, authorities and customers. On top of that, a successful realization of the project will contribute to environmental improvements, such as reduction of carbon dioxide and nitrogen oxides emissions.
Links
Website: https://www.blockshipping.io/
WhitePaper: https://bit.ly/2vLwlDI
Telegram: https://t.me/joinchat/HWi2Gw9VvUw1U5lZObNS2w
Facebook: https://www.facebook.com/blockshipping/
Twitter: https://twitter.com/Blockshipping
Medium: https://medium.com/@Blockshipping
ANN: https://bitcointalk.org/index.php?topic=3043786