A blockchain is a ledger of transactions that are distributed across the participating nodes in a network. It is a decentralized database of the records of every single transaction that has been executed, finalized and divided among the participants of the blockchainsystem. Blockchains run on peer-to-peer (P2P) networks where there is no central server and all the nodes (computers) in the network are responsible for maintaining node integrity . Blockchain technology utilizes cryptography as a means to allow each participating node in the P2P network to update the blockchain without the need for a central authority. Each node maintains a list of the complete blockchain which is updated upon every completed transaction.
Transforming The Global Container Shipping Industry
The Blockchain based GSCP platform is the world’s first freight container registry and the first global platform allowing all players in the shipping industry to perform a wide range of transactions related to the handling of containers. The GSCP platform will enable a savings potential for the global container industry of at least USD 5.7bn per year and could reduce the global annual CO2 emission by at least 4.6 million tons.
The Blockshipping team
The GSCP platform is being designed and developed by the Danish company Blockshipping.
The core team of Blockshipping consists of people with in-depth strategy, market, and technology knowledge and with decades of experience from key positions in the global container shipping industry
The Blockshipping ICO
Blockshipping is launching the first shipping related ICO (Initial Coin Offering) in the Nordic region.
The GSCP platform issues two tokens: The internal Container Platform Token (CPT) and the external revenue share token Container Crypto Coin (CCC) issued on the global Ethereum blockchain for the ICO. The internal CPT token will be used by the industry players when utilising the platform for clearing and settlement of transactions between them and is pegged to the US Dollar (USD). These transactions will relate to a variety of services and fees like, ‘container exchange fees’, ‘terminal and depot handling costs’, and ‘fees collected by carriers’.
A percentage of the revenue generated from the transaction fees on the GSCP platform will go to a Revenue Share Pool. Through an innovative revenue sharing model the funds held in the Revenue Share Pool will be passed on to the owners of the CCC tokens in a way that reward both short-term and long-term token owners.
The mechanics are as follows: Blockshipping will exchange the funds in the Revenue
Share Pool, i.e. the internal CPT tokens, to Ether (ETH). Thereafter, Blockshipping will use smart contracts to conduct a Reverse Dutch Auction on the global Ethereum Blockchain, i.e. an auction in which Blockshipping will offer the owners of the CCC tokens a price for their tokens. This offered price will increase in fixed intervals during the auction, until the total amount of available Ether is spent.
This way token owners who choose to sell CCC tokens will receive Ether as payment for these tokens. After the auction Blockshipping will distribute all the CCC tokens acquired from the auction to all the owners of external tokens on a pro rata basis.
This way CCC token owners will be rewarded regardless of their decision to sell or keep their CCC tokens.
To give further incentive for buying CCC 45% of the raised funds will be kept in a market maker fund to support the price of the externally traded CCC. The market maker fund will support a floor price of CCC and token holders can at anytime exchange their CCC to USD at the floor price. Blockshipping and the GSCP platform are already funded by private angels, and The Danish Maritime Fund and the ICO is a natural supplementary funding method for a blockchain based company like Blockshipping.
The ICO pre-sale is scheduled for February 2018 and the public token sale will be
launched in April 2018
PARTNERS
MakerDAO and Blockshipping Collaborate to Transform the Global Container Shipping Industry,The partnership is expected to accelerate development and availability of the Blockshipping GSCP by leveraging Maker DAO’s proven Dai Stablecoin System to power the GSCP platform.
For more information please visit:
Website:https://www.blockshipping.io
ANN:https://bitcointalk.org/index.php?topic=3502572.new#new
Telegram:https://t.me/blockshipping
Bitcointalk profile link:https://bitcointalk.org/index.php?action=profile;u=1930778
