Container shipping industries are hugely valued, but has been troubled with alot of challenges like over capacity, low rates, security threat and environmental Regulation. Increased efficiency, improved processes and a fundamental digital transformation to ensure profitability In future are the basic need of global shipping industries. An impressive yet unavoidable amount of money and resources are burnt while moving empty shipping containers around the world when they can’t be utilized for the return. For many reasons, this has never been addressed but as the shipping industry gets ever tighter margins, there is a compulsion to find a solution.
As we’ve seen more developments within the blockchain industry, we’ve seen more solutions to problems within current market, blockshipping has come to solve the multitude of problems within the shipping industries, it is designed to make key processes in the global handling of containers significantly more efficient and thereby solve some of the most important problems in the container shipping industry today. Blockshipping.IO plans to use blockchain technology in order to protect the sea trade industry. Blockchain technology enables full transparency and a shared ledger of container inventories and financial settlements when work orders for intermodal transport are issued, and when containers are interchanged between carriers or street-turned between importers and exporters. The blockchain-based GSCP(global shared container platform) platform will enable a wide range of industry stakeholders (Carriers, Beneficial Cargo Owners (BCOs), terminal operators, and transportation companies) to achieve cost savings and reduced
container inventories based on real-time information exchange. The technology offers real-time visibility and blockchain enabled smart contracts that automate processes and payments between parties. This enables all parties to significantly reduce internal control/admin functions.
very significant difference between blockshipping and other shipping companies is that it is only a few other companies besides Blockshipping are developing blockchain-based solutions. None of these have the same focus as Blockshipping and they are not considered competitors to Blockshipping and the GSCP platform. However, both demonstrate and validate the huge potential for blockchain technology in the shipping and transportation industry.
Important links
Website :https://www.blockshipping.io/
Telegram :https://t.me/joinchat/HWi2Gw9VvUw1U5lZObNS2w
Ann Thread:https://bitcointalk.org/index.php?topic=3502572.new#new
My bitcointalk link:https://bitcointalk.org/index.php?action=profile;u=1582184
