I am looking at the white paper of ShipCoin and when I read the words Intelligent, Decentralized
and Secure that too in the context of the Logistics industry. My faces lights up and these words
sound music to my ears.
It really looks that 2018 is going to be a really happy new year for me. Do you know why?
Current Situation and Problems dealing with logistics
I am associated with a business that is constantly receiving cargo of raw materials and finished goods on one hand and sending out freight consignments out to its clients on the other . My job profile requires dealing with logistics providers, cargo warehouses tracking and resolving delays. Sending out paper work in cases it gets lost or is incomplete.
My current job involves paying heavy markup fees. Interacting with endless number of shippers and brokers, Dealing with poor record keeping, getting shipments on track after endless followups and refurnishing paperwork multiple times. Dealing with damages goods and having to pay for even the mistakes of errant drivers so that our business does not suffer.
My work responsibilities are endless and with my experience I can tell you that things move slowly in this industry. There are so many routes that our cargo takes that it looks like it may simply gets lost
and so losses and delays are part and parcel of the deal which we have begin to live with.
ShipChain comes like light at the end of tunnel.
For starters it is creating a software platform for letting businesses interact and chose logistics
providers. It is a logistics bazaar that would be easy to navigate and do business in a transparent
fashion.
The technically inclined can scratch below the surface to find a business model drive by the
Ethereum blockchain
Read more about it in the ShipChain.io WhitePaper page 7
For this ShipChain would work with the most popular ELD (Electronic Log Device) developers to implement its Track and Trace technology.
The initial step of integration with these providers would allow to integrate into the largest network of US based trucking freight companies and not require implementing the solution one company at a time (ICO investors are you listening?)
It is like a well lit superhighway for cargo where every step of the journey is
recorded and documented and easily made available to the sender and recipient of the cargo
packages so it does not get lost, tempered with or stolen or robbed on its way to safely reaching its
final destination or home .
For the carriers and drivers who pass the cargo from one carrier to the other it not only lights up the path but also gives clear instructions and opportunity to interact with one another and get clarifications to carry out the instructions properly.
The EC20 SHIP tokens would be the token currency to pay for to engage a cargo provider.
In this superhighway of cargo the carriers would be given incentives to find shoerter and more
efficient routes without cutting corners and ensuring safe delivery.
To enable fast movement of cargo the middlemen would be done away with and called in only when required.
It would give all logistic providers both new and established equal opportunity to win work
contracts based on quality,efficiency and cost.
All steps of the cargo journey are monitored so that it does not get lost in a dark bylane or is
tempered with or stolen.
To make this superhighway of cargo aka the ShipChain platform a reality ShipChain is coming out
with an ICO.
More details about the ICO & Project can be found here
ShipChain.io
ShipChain.io WhitePaper
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ShipChain.io Medium
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ShipChain.io LinkedIn
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