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Blockshipping is looking to create the first real-time registry of shipping containers that connects global stakeholders in the shipping industry. The goal of Blockshipping’s blockchain-based solution is to capture the full global inventory of registered containers and track every single shipping container in real-time. This would potentially result in tremendous cost savings for the industry as well as a significant reduction in carbon dioxide (CO2) emission.
Blockshipping will solve the following issues plaguing the shipping industry:
- Lack of Co-ordination: The absence of a real-time registry of shipping containers has resulted in a huge number of containers being moved around unnecessarily, resulting in additional operational costs and a wastage of business resources.
- Over Supply of Carriers: The global shipping industry faces continuous pressures to reduce their costs, owing to an oversupply of vessel capacity.
- Huge Carbon Footprint: The shipping industry produces approximately 3% of the world’s greenhouse gas emissions. There are increasing efforts by the European Union (EU) to cap CO2 emissions, which could increase capital costs across the shipping industry.
- Under-Utilised Shipping Containers: A huge inefficiency of the shipping industry is the transportation of empty or half-full containers since there is little transparency in the tracking process, or at all. This leads to a reduction in the potential revenue generating process.
The GSCP ICO offers a unique set of token features including a Revenue Sharing Model as well as a Market Maker Fund that allows ICO contributors to sell their coins back to the platform at a floor price until Blockshipping has met certainly fixed milestones.
The GSCP token model involves the issuance of two tokens:
- The internal utility token, Container Platform Token – or CPT
- The external Revenue Share Token, Container Crypto Coin – or CCC.
Increasing quality
The GSCP ICO is not only the first Nordic shipping-related ICO. It is also the first ICO to be based on a new Danish framework called The ICO 2.0 Framework. The framework is expected to be published in May 2018 at the opening of the GSCP public token sale.
The purpose of The ICO 2.0 Framework is to increase the quality standards for ICOs making sure that future Danish ICOs
- are 100% compliant with Danish law,
- aim at the highest standards in terms of security and quality of coding,
- promote openness, transparency, and honesty, and
- follow a strict code of conduct when it comes to communications and relationship building with the ICO stakeholder groups.
Accept All Contribution
No! A dedicated website will be launched to handle the public token sale and KYC registration process. To give a fair chance for everyone to purchase tokens, allow payment in both ETH, BTC, USD, and EUR and to avoid the gigantic transfer fees sometimes seen during pure Ethereum executed ICOs – we will not be using one central wallet to accept contributions.
Instead based on the chosen mean of payment we will create an individual and dedicated transfer option for each buyer and allow a certain time for the buyer to execute the transfer. If the buyer does not perform the payment in this time frame, then the CCC will be released back into the sales pool.
Team
The core team leading Blockshipping looks strong, amassing more than 75 years of container shipping experience. CEO and Founder – Peter Ludvigsen – is born and bred in the shipping industry, entering many verticals with established positions in some of the largest shipping companies. He was the former Chief Investment Officer (CIO) for Maersk, UASC and Ports America. The COO – Christian Gyntelberg – has senior management credentials from Maersk and DHL, with extensive hands-on experience in leading both commercial and operational departments. Blockshipping’s CTO – Jesper Vedelsby – has more than 20 years’ experience as a CTO and technical architect within the shipping, airline and energy sectors.