BLOCKSHIPPING ICO REVIEW

USING BLOCKSHIPPING TO ENHANCE SHIPPING INDUSTRY PERFORMANCES
Technology is advancing globally and virtually affects everything around the world. For instance; the original concept of cryptocurrency was to have a decentralized cash transfer system which resulted in the creation of blockchain technology. This single initiative has prompted most new startups industries to want to implement the same system. Every business, industry wants to create a similar database of operation as blockchain which they understand is a decentralized system, with the shipping industry, not excluded, only that it takes a different name, BLOCK SHIPPING.

Blockshipping is a Danish-based blockchain kind of system relating to the shipping industry which was initiated by Peter Ludvigsen, who currently heads the company. The company offers a Global Shared Container Platform (GSCP) to encourage the major procedures and exchanges associated with administration and handling of payload and containers globally as they boast of some of the most exquisite hands in the shipping industry, - Jesper Vedelsby (CTO) and Christian Gybtelberg (COO).

However, the original concept behind the creation of the GSCP, just like blockchain is to provide a flexible and easy-to-access platform which will bring every container and load shipping organizations in the business together. Again, the platform aims to give an unbiased gathering spot to significant tycoons in the shipping business.

How does blockshipping affect the industry positively?
The central focuses behind the creation of the GSCP platform are to help reduce the operational costs, increase the industry security proficiency, and improve environmental controls. Blockshipping hopes to create a platform where operators and consumers can communicate freely without any form of intermediaries which would help a great deal in helping reducing price policy.

Presently, the shipping industry boasts of 27,000,000 trading containers. The blockshipping however, will provide an online blockchain-related technology platform. The technology will also enable the operators to monitor the containers online. The participants will also allow participants to manage transactions which are related to the container processing.

The blockshipping also works with two tokens known as the Container, Crypto Coin, and the Container Platform Coin formally alluded to as CCC and CPT. The technology intends to use both tokens for revenue distribution (CCC) and also have an internal industry token (CPT).

But this isn’t going to come easily all the same. Before now, the blockshipping shipping industry is one big organization full of highly competitive players, and these players have to share from the presently limited profits coming into the company marginally. Somehow, it may be a little bit challenging for every player in the shipping business to fully accept the blockshipping innovation as they may looking forward to retaining their privacy. Some of the notable competitors that blockshipping would have to battle alongside includes;

• 300cubits: This platform like blockshipping hopes to introduce their digital token currency known as TEU token as a shipping deposit unit to curb what it refers to as a “No Show, and Rolling” in the Industry. The project is targetted at providing a serviceable transmission system with no alteration and quite limited adoption efforts for users with optional automation for future releases.
• Maersk Line and IBM Blockchain: This platform on its part intends to assist not just the shipping industry with a stable digital record, it also includes financial institutions, customs offices, and other investors to get rid of rigorous paperwork. Although it is seemingly a new company, it aims to make the shipping industry operate a global digitization trade and integration services, - a similar venture that blockshipping proposes.

What then is the future of |Blockshipping?
Regardless of the competitive level, the blockshipping blockchain is, without doubt, an impressive project as the innovation is one which consists of highly qualified and notable figures in the industry as earlier mentioned, a strong advisors team and an unwavering whitepaper. They have a solid spotlight on their token holders with a high-rate income display for "investors," with over 20 percent of incomes as profit increment. They are making an undertaking for which they have high obstruction to the passage, and as of now have formed connotations that should expand the chances that this blockchain venture winds up gainfully.

Finally, through the elimination of middle-men and creation of an open platform for the transaction, blockchain allows business people to make deals without fear. Also, technologies like GSCP rules out the possibilities of having held up operations in the shipping business as it annihilates mismanagement and thus promoting development in the industry right from the supply chain.

Token distribution
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