What Problems Does Blockshipping Seek To Solve?
The container shipping industry accounts for approximately 60% of the world’s maritime trading. However, this industry has been facing major problems for decades, including:
⚡️ Overcapacity
⚡️ Low rates
⚡️ Security threats
⚡️ Increasing environmental regulations
Blockshipping seeks to solve these problems by introducing a system for increased efficiency and improved processes.
How Does Blockshipping Work?
The main aims are perhaps to keep a track of all containers. The entire model is designed to connect all the participants which include shipping industry, terminals ports, transport companies and the list continues. All over the world, there are 27million metal freight containers.
Block shipping seek to reduce cost by $5.7billion USD per annum. The company will be a lot more developed as the funding will come from Private investors. This is a lot more eco-friendly and will reduce carbon dioxide emission by 4.6million tons. The trips would become far more efficient and loads will become optimized and unnecessary trips will reduce.
Today there are more than 27 million freight contractors across the globe. First blockchain registry that will help the industry track shipping containers will be developed by Blockshipping. Also, with this platform industry participants will be the ability to manage each transaction related to the container handling.
In Q1 2018, designing of the platform and prototyping and smart contracts is planned to occur. They will implement the iPaaS and complete platform in Q2 2018. And the final platform will be launch before Q3 2018. As shipping will become more convenient, BlockShipping objective to reduce global CO2 emissions by minimum 4.6 million tons.
Blockshipping Benefits
Cost Savings:
The platform claims to enable potential savings of $5.7 billion USD per year.
Global Adoption:
The platform is already funded by private angel investors as well as the Danish Maritime Fund.
Reduce Emissions:
Blockshipping aims to reduce global CO2 emissions by at least 4.6 million tons. By making fewer unnecessary trips and more optimized loads, Blockshipping will make freight shipping more efficient.
The Blockshipping Token Sale
To fund the development of the GSCP platform as well as acquiring software and frameworks to be integrated into the platform, Blockshipping will be holding a token sale for the Container Crypto Coin (CCC) token.
Holders of the CCC token will receive a portion of the gross revenue generated from transactions made on the platform. Token holders will be able to sell back their CCC tokens to Blockshipping if they regret buying it although the process is subject to certain terms and conditions.
Container Platform Token (CPT) is another internal token which is attached to the USD and is only available to participants of the GSCP platform.
Token Details
⚡️ Token name: CCC
⚡️ Token base: Ethereum
⚡️ Token supply: 50,000,000
⚡️ Token sale duration: 14th May 2018 – 14th June 2018
⚡️ Token sale target: $24,800,000
⚡️ Token exchange rate: $0.62 = 1 CCC
Token Distribution
Conclusion
Blockshipping is the world’s first blockchain based global shipping container platform. Blockshipping has already received investments from private investors and the Danish Maritime Fund. They’re also seeking to raise money during an ICO. The portion of profits from the platform will be received by the investors who purchase tokens during the ICO.
Please follow official Traceto links for more information:
Blockshipping Website
Blockshipping Whitepaper
Blockshipping Thread
Blockshipping Ann Thread
AUTHOR
CPKMahawithana
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