What is Shipchain?
ShipChain is designed to make transport and logistics more effective, secure and transparent by utilizing blockchain technology. This was founded with the mission of solving the greatest problems facing the logistics industry. Living in a world where the global economy solely depends on the successful transportation and delivery of goods which has been one of the major concerns of most big and small scale entrepreneurs; the delivery systems are important fraction of the society that ensure and unending economic growth and prosperity of the nations. Shipcain has provided the shipping logistics which has been craved for in several years using blockchain.
Shipchain uses Ethereum blockchain, using a sidechain to track individual encrypted geographic waypoints across each smart way which give shippers more visibility across their supply chain, and also allows the carriers to communicate with ease; the information about loads, geo waypoints, and other basic information is recorded and publicly authenticated within the sidechain and on the shipment's delivery and confirmation, the contract is completed and stored on the main blockchain. It's simple.
Reasons why Shipchain will change the shipping logistics market using blockchain
From the chain where the tracking network was poor to the chain where the tracking is monitored from end to end; a chain of no accountability to the chain of incentivized responsibility; a chain of middleman markup to a chain of platform parity; a chain of fractured communication to a chain of effective communication within the whole platform, irrespective of whether it's a small scale business or a large scale business.
No wonder within the short while, the "market's global value was $8.1 trillion as at 2015, and it is expected to grow to $15.5 trillion by 2023 which will make Shipchain one of the largest industries on the planet. Already, in the United States, freight and logistics spent as at 2015 totaled $1.48 trillion, which is almost 10 percent of the country's GDP and 55 billion tons of freight was transported in 2015, with expected growth to 92 billion tons by 2024".
Every good entrepreneur wants a reliable chain of transportation and delivery which shipchain has provided. The effectiveness in the communication in Shipchain platform guarantees efficiency in the shipping logistics market and yet the services is cheap. Everyone wants something reliable which Shipchain has provided the best shipping logistics market. Shipchain is simply the best.
Source: "Shipchain.io"
Shipchain 2018
