Blockshipping – The Business Model behind the GSCP

Blocksipping is a company developing one of the most ambitious projects related to digital currencies with a global reach right now. They are working to set up the world’s first Global Shared Container Platform to give an opening to every player in the shipping industry to handle their operations using the latest Blockchain Technology to keep track of every step of their shipments.

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The company is looking to give their best by associating themselves with the top professionals of maritime transportation around the world and securing the funding of The Danish Maritime Fund as well as a series of private investors. These steps have secured the financial future of the company to some exempt. To solidify their position they are conducting a public ICO sale to seek the participation of other actors around the world who could strengthen the upcoming network.

The Goals of a Company that wants a Change

With a set of lofty goals to consolidate as they are paving their way to success, the GSCP is looking to become the primary registry and operational payment method for global container fleets while covering at least 60% of the market and keeping at least 16 million of the 27 million containers registered in the Blockchain logs of the company just the first year.

They are also looking to become the main platform to handle all matters related to payment and physical handling of shipments from all the stakeholders in the business, no matter the size of their operation. Their IOT features allow them to keep real-time tracking of every shipment at all the stages of the delivery process.

Blockchain Technology – The Basis of a Business Model

The entirety of the business model of the GSCP is based in full transparency, but there is an option to use a series of settings for shared ledgers that allows the Blockchain registry to handle a shipment in private and keeping the content of the containers confidential if the customer desires it that way.

The tracking of the order will be open on the Blockchain while on traffic to be able to tell even the moment when it changes hands from a carrier to another. Each one of these moves, of course, will be enabled by smart contracts that will also make the payment between parties easier to handle.

How Business will work for Customers

With such a powerful way to know the state of a shipment at all moments and the possibility to reduce costs for smaller operations by sharing the space of containers. The other players of the shipping industry will be able to provide better customer service to their clients as well as information on real-time about the traffic of their goods and services.

The ecosystem will also allow companies to keep a real-time overview of all the traffic generated by their shipments as well as the details of the money transaction arranged between the involved parties.

Dealing with Competitors

Blockshipping is well aware that their offering on this niche it’s not the only one under development right now. However, they have made deep research on up and comers 300Cubits and Maersk and their efforts are not even in the same scope or range of the goals the company is expecting to reach.

If you have a shipping business and this sound like an interesting take, go for a more detailed look at their:
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