INTRODUCTION
The shipping industry is quite a volatile industry and every year, new challenges emerge. A couple of years ago, the shipping industry faced the terminal strike problem in West Coast ports which also imbalanced the trucker industry, making the following year more difficult than before according to a report.
The container shipping industry is booming and companies are moving cargo around the world faster than ever, its technological advancement has resulted in a boom for globalization and connection in recent years and shipping products around the world is not a new concept to anyone. In fact, in the early 19th century, flat boats and rafts were used to transport goods from one place to the other. As the container shipping industry continues to boom, companies are adopting new technologies to move cargo faster and shifting to crew-less ships. Despite the container shipping industry is well known, its quite unfortunate that the sector has some kind of challenges confronting it which calls for attention. Some of the challenges are;
Lack of Employees
This is the biggest problem that the industry needs to overcome because their is always certain possibility that the industry losing its employees on a monthly basis.
Security Risks
This has always been a challenge for the shipping industry which scares a lot of people away.
Rising Costs
The rising costs of necessary materials could negatively affect industry competitiveness and increase in price leads to higher costs of operation. Higher prices of fuel and spare its parts as well as poor market conditions could cause serious issues in many global shipping companies.
Challenges from the Economic Point of View
The global container shipping industry is presently reeling under the impact of the ongoing economic crisis. It is expected to experience a few years of decline due to the overcapacity of ships, and a substantial reduction of shipment, resulting in a drop in tariffs.
INTERVENTION OF BLOCKSHIPPING IN TRANSFORMING THE SECTOR
Blockshipping Global Shared Container Platform better known as GSCP was developed to make vital processes in the global handling of containers, thereby making all efforts to solve all the issues in the container shipping industry. The function of this GSCP platform is to create a blockchain enabled container asset registry where the full inventory of containers will be registered along side real time locations of every single container in the whole world. The vision of GSCP are;
Become the major payment platform in the sector clearing between stakeholders related to physical handling, haulage and sharing of containers.
Becoming the shipping industry primarily IOT platform for real time tracking of containers enabling real time visibility of containers to all stakeholders.
Monetise data insight based on machine learning, IOT data, AI and blockchain data.
With the GSCP platform, ownership of container assets are recorded in a global Fort Knox style blockchain container registry. Change of ownership of containers and custodianship is recorded in blockchain smart contracts.
Global leasing companies will have an opportunity to increase their market share with GSCP global container carriers have less motivation and incentives to invest in its container. Blockshipping leverage on blockchain for GSCP foundation to resolve the reasons below;
Carriers forego huge annual savings potential because of absence of trusted platform where deficit or surplus matchine of containers can take place
Carriers lost is been consistent leaving others to profit on merchant haulage
Lack of neutral trusted platform
Lack of time awareness of container location
Operational businesses based on manual paperwork
Financing in new build containers burdens global container carriers and global leasing companies with high interest rate.
GSCP TOKEN ANALYSIS
Blockshipping token is known as CCC. A total of 50,000000 of CCC tokens which is the hardcarp and there won't be any token that will be issue out again in the future.
CONCLUSION
In conclusion, as CCC is an ERC20 ethereum blockchain base token,I'm glad to tell you my readers that the token will be traded on centralized and decentralized exchange platform. To know more about this amazing project, the links provided below will really be of a lot.
WEBSITE: https://www.blockshipping.io
WHITEPAPER: https://www.blockshipping.io/wp-content/uploads/2018/02/Blockshipping_GSCP_ICO_White_Paper_public.pdf
TELEGRAM: https://t.me/joinchat/Blockshipping
TWITTER: https://twitter.com/Blockshipping
ANN THREAD: https://bitcointalk.org/index.php?topic=3502572.new#new
WRITER BITCOINTALK USERNAME: lumibaba
WRITER BITCOINTALK ADDRESS: https://bitcointalk.org/index.php?action=profile;u=2151502
WRITER ETH ADDRESS: 0x83b1556667E1A776Db4Eb9e9373c5Ea1F3308a24