A lot of initial coin offering have been held over the last two years and most of them come around with little or no use case or product. The few that have provided products have either fallen by the wayside or have not been able to live up to the expectations of investors. The concept of Blockchain technology and cryptocurrency according to the Satoshi Nakatomo whitepaper was not restricted to being a means of transaction but instead a revolutionary tool to bring a new paradigm in every human activity. Blockshipping Global Shared Container platform (GSCP) is a distinctive deployment of blockchain technology into an industry ( shipping industry) bedeviled by challenges such as overcapacity, low rate, security threats and increasing environmental regulations. The container shipping industry which is reported to account for seaborn trades worth 12 trillion dollars in 2017 is also plagued by outdated IT system, complicated paperwork, the absence of real time tracking of containers and slow erroneous collection of funds. These shortcomings makes the containing shipping industry ripe for a facelift and the following factors should encourage all investors to invest in the Global shared container platform.
1. GSCP is founded by a pre-existing shipping company in Denmark (blockshipping) with years of experience in the shipping industry and the GSCP project has already secured funding from private angels and the Danish maritime fund. The GSCP project has already gotten immense interest and the ICO will be run on a new ICO framework which ensure legal compliance.
2. Even though there are other blockchain solutions targeting the shipping industry, none of them has successfully created a registry for container shipping, making Blockshipping GSCP a pioneer and distinctive in its focus.
3. BLockshipping GSCP seeks to create a blockchain based registry of container assets which will make it easy to attain real-time tracking of containers. This tends to solve a real life issue plaguing the shipping industry hereby making the GSCP platform a game changer.
4. Blockshipping GSCP also creates a trading platform for a wide range of services relating to the shipping industry and eliminates the need for accessing this services via inefficient and costly channels.
5. Blockshipping GSCP seeks to make numerous avenue for reduced cost. This avenue includes greybox opportunity, reduced carrier haulage ratios, container fleet reduction opportunity, automated business operations and avoidance of high finance cost of containers. GCSP operations are also expected to reduce the global carbon dioxide emission by 4.6 million tons annually.
6. GSCP runs on a dual token system with revenue sharing model developed to reward holders of the token. Internal Container platform token (CPT) will be used by industry players for clearing and settlement of transactions and this token provides a borderless, efficient , fast, reliable, affordable means of payment compared to what is available in the traditional container shipping industry. The CPT token will be deployed on the GSCP blockchain and will only be available to participants of GSCP. The second token of the GSCP platform is the container crypto coin (CCC), it is deployed on the ethereum blockchain with a maximum supply of 50 million units. The revenue sharing model of GSCP is based on the CCC token and a percentage of the revenue generated from the GSCP platform will be paid to CCC holders as a reward. The reward system of GCSP is peculiar to other systems in the crypto eco-sphere because all participants who hold CCC can receive payment via Ether.
Conclusion
The Blockshipping GSCP proposes a new paradigm for the container shipping industry and solves some of the issues related to the industry via blockchain, smart contract and sensor technology. The Blockshipping team has put up CCC token for sale and the price of each token has been pegged to 0.62 dollars. The Main ICO started on the 14th of May 2018 and is set to end on the 14th of June 2018.
for more information on Blockshipping GCSP, check out the following channels
website: https://www.blockshipping.io/
twitter page: https://twitter.com/Blockshipping
facebook page: https://www.facebook.com/blockshipping/
telegram group: https://t.me/joinchat/HWi2Gw9VvUw1U5lZObNS2w
BTT ann thread: https://bitcointalk.org/index.php?topic=3043786.msg31330662
authors details
BTT name : Mrsparks
BTT link: https://bitcointalk.org/index.php?action=profile;u=1197564;sa=summary