What is CargoCoin

What is CargoCoin?

CargoCoin will revolutionize the Trading/Logistics/Haulage/Transportation Industry using blockchain and digital currency, which in turn further fuels the growth of the Trading/Logistics/Haulage/Transportation, cryptocurrency and blockchain industry as a whole. CargoCoin is designed to be a smart contract & crypto currency platform, decentralising global trade and transport. The eco-system will be facilitating and optimising the interaction amongst traders, freight forwarders, ship owners, booking agents and other parties involved in the international trade and transport of commodities and cargoes. To us, it’s the millennium generation solution to connect the Trading/Logistics/Haulage/Transportation world to blockchain and cryptocurrency.

Why is CargoCoin needed?

The sheer size of the transportation industry is immense. The global value of seaborne trade is over $12 million. The value of freight rates in 2018 was $380 billion. Unfortunately although the transportation industry is one of the largest (if not the largest) industries in the world, there still have not been that many technological advances within the shipping industry in the last several decades. CargoCoin is a revolutionary technological improvement for the shipping industry. Businesses have also faced situations where payments for transportation have been delayed by banks. These bank delays are caused by major inefficiencies within the banking institutions. Deliveries can take weeks before they first begin their journey. These delays and excessive delivery times can lead to unexpected opportunity costs for a business. The CargoCoin platform removes these inefficiencies with blockchain technology.
Although unbelievable, this is completely true: original documents are still delivered using a courier. The fact that these documents are delivered by courier in the 21st century is absolutely ridiculous! You don’t need a genius to understand that. That takes up a massive amount of time and money for a business, when that time and money could be more efficiently used elsewhere.

Problems and how CargoCoin handles them

Fraud:- CargoCoin minimizes and in some cases eliminates cases of fraud with funds not released until pre-set conditions are met and payment is secured as escrow or a public proof of payment is obtained.
Costs:- Costs are lowered compared to high commissions and fine print fees charged by bankers, agents and couriers etc
Delays:- Instant exchange, review and approval of documents and payments. The delays due to different time zones and human intervention are removed through the use of the blockchain.
Trust:- Relies on the public infrastructure of the Blockchain backed by a P2P decentralized system.
Information security:- CargoCoin is secure and uses the blockchain’s hashing technology that is fully confidential while also being transparent.
Archiving safety:- Records of historic transactions are kept securely without the possibility of physical loss or destruction of documents.
Flexibility:- Users are given leeway to choose the terms they want to work with, eliminating barriers and enriching the user experience.

Cargocoin has been developed across 4 stages :-a shipping platform, an inland transport platform, an all-purpose cargo platform and an air cargo platform — each of which depends on the safe, secure and efficient use of smart contracts. Services and utilities offered by CargoCoin are free and have the primary objective of widening the consumer base. The Core is a Global marketplace platform for supply and demand for transport of all cargo. Use of these free services implements the platform’s free utilities. As compared to other existing services, this is free and not fragmented. This creates a circle encapsulating all transport and cargoes on one platform and connecting it to traders.

Token Information

PRE SALE : 1 APR 2018 - 14 APR 2018
PUBLIC SALE: 15 APR 2018 - 15 MAR 2019
TICKER: CRGO
PLATFORM: ETHEREUM
ACCEPTING: BTC, LTC, ETH, DASH, DOGE, XRP many others
TOTAL RAISED: 60,000,000.00 USD
SOFT CAP: 5,000,000 USD
HARD CAP: 55,000,000 USD
TOTAL TOKENS: 100,000,000
AVAILABLE FOR SALE: 65%

Roadmap

Q3 2017
START OF IDEA.We started the idea of integrating the shipping platform with blockchain payments and smart contracts.
Q1 2018
ICO PREPARATION.Preparing the Initial Coin Offering for CargoCoin, gathering a team, selecting advisors, preparing whitepaper.
Q2 2018
ICO LAUNCH.Launching the Initial Coin Offering for CargoCoin.
Q2 - Q3 2018
SMART CONTRACTS. Programming of smart contracts on the ERC223 platform, testing and evaluation.
Q3 - Q4 2018
DEVELOPMENT STAGE 1.Development of the global shipping platform, connecting importers, exporters, ship brokers, forwarders, ship owners, etc. (Stage 1)
Q1 2019
BLOCKCHAIN INTEGRATION. Implementing blockchain smart contracts as core part of the shipping platform.
Q2 2019
LAUNCH STAGE 1. Launch of the global shipping platform.
Q2-Q4 2019
MARKETING STAGE 1. Year 2019 will be devoted to marketing and promoting the global shipping platform.
Q4 2019
DEVELOPMENT STAGE 2. Starting the development of an inland transport platform (Stage 2).
Q1 2020
LAUNCH STAGE 2. Launch of inland transport platform.
Q2-Q4 2020
MARKETING STAGE 2. Marketing of the inland transport platform.
Q4 2020
DEVELOPMENT STAGE 3 . Developing of the universal trading platform, directly connecting manufacturers, fleet owners and customers.
Q2 2021
LAUNCH STAGE 3. Launch of the all purpose cargo platform.
Q2-Q4 2021
MARKETING STAGE 3. Marketing of the all purpose cargo platform at stage 3.
Q4 2021
DEVELOPMENT STAGE 4. Development of air cargo platform.
Q2 2022
LAUNCH STAGE 4.Launch of the air cargo platform
Q2-Q4 2022
MARKETING STAGE 4.Marketing of the air cargo platform.
Q4 2022
DEVELOPMENT STAGE 5. Development of supply chain platform connecting stages 1, 2 & 4 (shipping, inland and air transport).
Q2 2023
LAUNCH STAGE 5. Launching of the integrated platform.
Q2-Q4 2023
MARKETING STAGE 5.Marketing of the intermodal platform.

Website: https://thecargocoin.com
Whitepaper: https://thecargocoin.com/docs/CargoCoin-Whitepaper.pdf
Onepager: https://thecargocoin.com/docs/CargoCoin-OnePager-English.pdf

Conclusion
The worldwide cargo shipping industry is worth a great deal of money, and much of it goes to waste due to procedural inefficiencies. Any solution (blockchain-based or not) that enhances the synergy between all elements involved in shipping is welcome.
The inherent problem here is that several blockchain-based solutions exist that are similar to CargoCoin’s proposition, so it may be hard for the company to get a solid foothold.

Team