Many people are talking about developments in blockchain technology and applications in diverse areas like finance, Big Data, health, and transportation. Today, let's take a closer look at a new blockchain-based platform created for the container shipping industry.
Global Shared Container Platform
The Global Shared Container Platform or GSCP is a new kid on the block created by the Danish Blockshipping company. Its developers intend to solve various problems in container shipping by creating such an ecosystem of smart contracts, high performance, automation, and low transaction costs.
GSCP can be used to register and track shipping containers globally via IoT technology and smart contracts. Its use can also be applied to other areas of logistics management, land transportation, and retail business.
Team, Advisory Board, and Partners
As seen on their website, this is an impressive project with a founding team combining over 75 years of industry experience in container shipping. But, who are those behind it?
Well, let's check their profiles.
Team
Peter Ludvigsen- CEO & Founder
Ludvigsen has close to 40 years of professional experience in shipping. He possesses an in-depth knowledge of industry sectors like port and container terminals, and operations management. He also has ample experience as a founder at Bestshare Business Solutions, as well as CIO and IT program manager.
Christian Gyntelberg- COO
Gyntelberg is a reputable consultant in IT management with years of professional experience in senior management positions at DHL and AP Moller. He is also a process expert with expertise in operations and commercial management. His core area, however, is in shipping and logistics management, plus business IT.
Jesper Vedelsby- CTO
Vedelsby has a Master's in Neural Networking and he is a technical architect and CTO with over 20 years of experience. His focus is in sectors like airliner, energy, and shipping. He has worked with Ludvigsen, the CEO, on numerous projects for 14 years. He has a vast experience as a chief innovations officer, enterprise architect, and senior project management. Besides those three, there are three other developers listed on their website- 1 for shipping, 1 for business development, and the last for UX design.
This looks like a stellar team to me, the only snag is that their experience with blockchain projects was not mentioned.
Advisors
Jesper Præstensgaard
Jesper has over 3 decades of industry experience in shipping and transportation at various C-level positions. He is currently the MD of Humanostics as well as the Chairman of Unifeeder Board.
Bo Hembæk Svensson
Bo is a renowned Software Business Executive with 3 decades of experience in IT. He was a member of the IBM European Software Advisory Board and he has also cofounded several companies.
Bridget Cosgrave
Cosgrave is the Founder and also the President of Every European Digital. She is an advisor and and angel investor for tech startups with E-commerce, IoT, and Telecoms platforms.
Business Partners
They already have strong business relationships with service providers, such as:
Kammeradvokaten/Poul Schmith
One of the largest full-service law firms in Denmark.
Chainanalysis
A leading anti-money laundering software provider for cryptocurrencies.
Norfico
Experts in communications, public relations, smart contracts, and token modeling.
Coinify
Global cryptocurrency platform offering blockchain solutions in Asia, Europe and other continents.
Amazix
Professional crypto ICO experts.
The project and the team look formidable. Let's take a closer look at the roadmap and other details.
Roadmap
According to the CEO Ludvigsen, Blockshipping planned four launches in a staged implementation process. The ICO is still ongoing with almost $7 million raised. The most important milestone in its roadmap will be the opening of the portal to customers in the Q1 of 2019.
Token Model
Blockshipping offers tokens with payouts. There are 2 separate tokens: CCC & CPT.
Container Crypto Coin (CCC) : This is an ERC-20 Ethereum-based token through which revenues from blockshipping operations will be outwardly shared to stakeholders.
Container Platform Token (CPT) : This is intended to be used on the platform internally to settle transactions. It's designed to have fixed values based on the US Dollar.
Further, Blockshipping intends to reward its CCC owners with 20% of annual gross revenues, when the revenues are below $30 million. If higher, the reward will decrease accordingly. For example, at $24 million revenue, reward to CCC holders will be $4.8 million. At $60 million, say, the percentage will be significantly lower.
Summary
Friends, Blockshipping could be a great investment platform.
What I love about the project are strengths like:
Innovative Platform with Great Potentials
Formidable Team + Advisors
Strong Business Partners
Realistic Roadmap
Limited Competitors
Detailed Revenue Sharing Plan
Observed weaknesses
I don't quite agree with the project's "decreasing percentage" revenue sharing formula and their overly speculative goal of achieving 60% industry penetration within 4 years. Besides, the shipping industry is replete with competitive players, operating on small budgets. The creation of a global registry showing the location of every container or ship in real time might become a sort of disadvantage to small shipping companies who would like to maintain their confidentiality.
In the end, Blockshipping has an impressive project which may save the shipping industry billions of dollars. If they stick to their plan, goals, and roadmap, GSCP could be a great success!
Questions regarding the innovative Global Shared Container Platform, are welcomed from our esteemed readers.
Additional information on GSC Platform and it’s ongoing ICO can be gotten from their Website or from the Whitepaper
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