In the era of the impending era of decentralization, modern transport systems have a significant technological backwardness. Transport organizations use paper documents and Bank transactions. It is not necessary to talk about Blockchain technology. All processes are still provided by people. This invariably entails costs of bureaucracy, corruption, fraud and so on. All of this brings customers a modern transport system billions of dollars in financial costs a year. At the same time, freight transportation is still one of the most profitable industries. For lack of alternatives, users suffer what they have. Today we will look at the ICO of the CargoCoin project, which is preparing a revolution of the transport systems industry.

Problem

We list the problems of the transport industry:

1. Fraud. Often, one of the parties to the agreement deliberately fails to fulfill its obligations. Due to the lack of Deposit technologies, the technological protection of the parties ' interests is not guaranteed.
2. Fees and charges. Banks, couriers, brokers, insurers and other value chain participants all add value to the product. Because all of these entities charge a fee for their mediation services. The same applies to fines and penalties, which in most cases arise through no fault of the users.
3. Loss of time. There are many delays in the transport industry. Almost all of them are connected with the human factor. The reasons for the delays can be very different. From inefficient management work to the rest of some participants in the process during the holidays. According to the Association UNCATD, this type of loss accounts for costs in the amount of 19 billion dollars per year.
4. Problem of trust. People don't tend to trust each other in money moments. Hence, there is a loss of time for various formalities and the collection of necessary papers and signatures.
5. Leaked confidential information. The commercial information of the average customer of the transport industry can be estimated in billions. And it can leak through any of the participants in the intermediary chain of technological transport process. Be it a Bank, broker, agent, etc.
6. Paper storage of documents. In the transport industry, archival documents are still kept in paper form, as required by law. This process is costly and adds to the cost of transport services.
7. Weak flexibility. Sometimes between the parties to a transaction there are situations when they revise the terms. Or when there was a mistake in the terms of the deal, for example, because of the language barrier. In any case, the existing system of document circulation makes it difficult to correct the terms of the transaction. This procedure exists, but it is even more expensive than the process of the transaction.

Decision

CargoCoin is a project to create a Blockchain for the transport industry. It is a resource through which all current participants in the transport process will interact much more efficiently than it was before.

The transport platform on the CargoCoin Blockchain operates worldwide and covers all existing transportations:

navigation. It includes container transportation, bulk cargo, bulk and liquid cargo;
internal transportation. This includes rail and road transport;
air transport. Here, transport planes and unmanned aircraft;
other modes of transport. Including pipeline transportation, space transportation, various innovative services like Bla Bla Car and the like.

CargoCoin not only provides a platform for these organizations, but also ensures their interaction with each other. This greatly improves the functionality of the user. For example, the user can create a cargo route consisting of several modes of transport. You can literally arrange the transportation of cargo to anywhere in the world, in any volume.

Project team

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ICO

Smartcontract CargoCoin written on a better standard Ethereum-ERC-223, and not on the usual ERC-20. ERC-223 provides more accurate and versatile processes for the execution of smart contracts.

The use of funds and the distribution of tokens are as follows:

Summary

Cargo transportation is one of those industries in which Blockchain technology can lead to significant changes in the near future. The CargoCoin project has an experienced team with rich market expertise. CargoCoin has high marks on ICO project listings. The project is worth to draw attention to.