BLOCKSHIPPING: GLOBAL SHARED CONTAINER MANAGEMMENT

Blockshipping is creating the GSCP platform, which will be both the first real-time registry of the world's approximately 27 million shipping containers and a joint platform for all players in the container shipping industry.

The GSCP platform will be based on blockchain and modern sensor technology, and it has the potential to reduce costs for the global shipping industry to the tune of USD 5.7bn annually and reduce the global CO2 emission by more than 4.6 million tons every year.

The GSCP ICO offers contributors a unique set of token features including the benefits of a Revenue Sharing Model as well as a Market Maker Fund that allows ICO contributors to sell their coins back to the platform at a floor price.

The first ICO to be based on a new Danish legal framework called The ICO 2.0 Framework.

What Blockshipping Is All About

The global container shipping industry currently makes up about 60% of seaborne trade and its value is estimated at $12tn per year. However, the industry is rife with inefficiencies and faces problems of overcapacity, security threats, a lack of digitisation and increasing environmental regulation.Blockshipping are proposing a new system — the Global Shared Container Platform (or GSCP for short) — and it will provide solutions to a myriad of problems, namely:

A Complete Registry — surprisingly, at the moment there is no registry or tracking system for the 27 million shipping containers around the world. So Blockshipping intend to create such a register, which will allow the locations of all the containers to be tracked using IoT technology.
Payment Platform — Blockshipping will povide a payment platform for all parties, allowing a much simpler process, reducing admin and costs.
Greybox Opportunity — at the moment, a lot of containers are left empty or half-empty, costing up to $5bn per year. Using Blockshipping’s trusted platform, companies will be able to match up opportunities where they can share containers or use empty ones.
Street Turn Opportunity — the term “street turn” means empty containers are moved from importers to exporters without an intermediate stop at a port or inland depot. Currently it is challenging to do this but with Blockshipping’s registry and tracking facilities, they plan to facilitate this more easily and save up to $750m per year.
Reduce Container Fleet —currently companies simply don’t know where a lot of their containers are due to a lack of tracking and therefore have oversupply issues. Blockshipping’s technology would allow a reduction of 15–20% in container numbers by using real-time tracking information.
Automated Processes — outdated businesses processes involve lots of paperwork and inefficiencies. Again Blockshipping’s approach would tackle these with automated technologies, providing considerable savings in the process.

So as you can see, they would provide multiple benefits to the shipping container industry and radically reduce costs and inefficiencies. If successful they could transform a huge market, which would be quite an achievement.

Blосkѕhірріng ICO

ICO aims аt Blосkѕhірріng GSCP аt the hіghеѕt ѕtаndаrdѕ оf security аnd соdіng ԛuаlіtу, 100% іn ассоrdаnсе wіth Dаnіѕh law, рrоmоtеѕ openness, transparency and hоnеѕtу, аnd fоllоwѕ ѕtrісt соdеѕ оf ethics when іt comes tо communication and rеlаtіоnѕhір buіldіng wіth ICO ѕtаkеhоldеr grоuрѕ.