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Development comes with positive changes that we all have to brace ourselves for. The world is in an upward trend and it is not slowing down. Technology has allowed for development in all economic and social sectors of the world. Most of the luxuries and necessities that the human population enjoys now is as a result of technology. The shipping industry is set to have its own revamp through blockchain technology using the Blockshipping platform that aims to rid the shipping industry off the problem it has been struggling with and make it a more efficient and effective system.
ADDRESSING THE SHIPPING ISSUE
The shipping industry faces a lot of risks from different fronts. It is no secret that the shipping industry worldwide requires an efficient system that will do away with the delays experienced, overcapacity of shipping vessels, security threats in the seas and the environmental issues that affect the sipping industry. These hinder the growth and efficiency of a market that is central to most of the trade the world conducts. Blockshipping are creating a platform known as the Global Shared Container Platform (GSCP) which will face these issues tactfully using blockchain technology and other relevant technologies to come up with a shipping system that is efficient and futuristic.
The location issues
Blockshipping through its GSCP platform plans to have a registry that contains details of all the shipping containers operating in the world. This registry will also include the location of the shipping containers such that they can easily be tracked from their point of origin, through the route they take to the destination they are destined for.
Knowing the location of containers at all times can help in various situations and even avert crises.
LEADING THE INDUSTRY
Blockshipping targets to become the industry leader in shipping logistics. Through GSCP it plans to be the go to platform for managing all the operational payments, physical handling, sharing of containers and even hauling. The shipping industry has all these activities that, if handled by a decentralized body in a transparent fashion, can become smooth industry with little or no operational hurdles.
The internet of things is fast penetrating various markets including the shipping industry. Blockshipping wants to use the advancements that have been realized through the internet of things to provide tracking services for shipping containers. The internet of things provides real-time feedback on the location of the containers.
By forming a shipping registry for the entire shipping industry, Blockshipping targets to have data on shipping logistics around the world and use this data to monetize their platform favoring the platform and their users while still providing excellent services for their clients. Data gathered from machine learning, artificial intelligence, IOT and blockchain will be used to make GSCP a leading brand in the shipping industry.
TOKENS
Two token systems will be used in Blockshipping; an internal token (container platform token) and the external token (container cryptocoin). The CPT will be used for internal transactions making it cheaper for shipping companies to transact within GSCP compared to other methods of transaction. The CPT will also be pegged to the US dollar which would help the shipping market acclimatize to the Blockshipping token system. The external token (CCC) will act as a revenue share token and will be issued during the ICO globally through Ethereum.
In conclusion, the global shipping industry is in need of a fresh new direction that Blockshipping can deliver through blockchain technology. The decentralization, security and privacy offered by blockchain would sit well with the shipping industry promoting trading activities between various countries. More information on Blockshipping can be found through Whitepaper
Written by Temmyjen
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