This is a submitted sponsored story. CCN urges readers to conduct their own research with due diligence into the company, product or service mentioned in the content below.
Man’s relationship with the sea is as old as history itself. From the biblical Noah’s Ark to the legendary Vikings’ ships, from the mythical Flying Dutchman to today’s behemoths, seas have always been an essential part of human existence. Today, modern maritime shipping is a multi billion dollar industry. A significant 60% of today’s seaborne trade consists of container shipping.
All Is Not As It Seems
With 27,000,000 shipping containers currently crossing water based routes, it is often thought that efficiency is the core of its workings. In reality, however, this is not the case. The current industry is plagued by a number of issues that make it very inefficient. There are factors such as overcapacity of containers, ever increasing environmental regulations, increased competition, low profit rates, multiple intermediaries and security threats.
Today, the industry is at a point where drastic changes are the need of the hour.
BlockShipping: The Solution
BlockShipping is a decentralized solution to the current problems. The Global Shared Container Platform (GSCP) creates the world’s first registry of shipping containers and integrates it into a single meeting place for all in the shipping industry. This allows all concerned parties to communicate and transact in a seamless, efficient manner.
With its adoption, the industry can save $5,700,000,000 per annum. Another advantage will be the increased reduction in carbon footprint, a major issue within the industry.
