Blockshipping Platforms Creates The First Universal Freight Container Registry (TECTUS Analysis)

What is the Global Shared Container Platform?

The Blockshipping Global Shared Container Platform (GSCP) is a project created by Blockshipping ApS and is a blockchain based freight container registry.

The registry is at the core of a platform that will allow stakeholders from the global shipping industry to share and handle containers in new and innovative ways. The GSCP will create solutions that can effectively save an estimated $5.7 billion a year and reduce CO2 emissions by up to 4.6 million tons.

This article is a TECTUS analysis of the platform. For a longer overview please view my earlier article here.

GSCP has two main components in its technology stack, one more complex than the other. The stack consists of blockchain and sensor technology.

Although the platform is creating the first blockchain based container registry the blockchain technology needed to accomplish this has already been invented. A registry of ownership and ledger of transactions is the foundation of most blockchains. The team is building on the Ethereum Network which also allows for smart contracts to conduct trustless operations.

In the future, GSCP will use smart contracts in conjunction with AI to schedule street turn strategy, and container transactions to reduce costs for the shipping industry.

The sensor technology is the second phase of GSCP. It appears that GSCP is not going to develop the sensors but instead facilitate the advancement of their technology to allow for real-time monitoring of location, CO2 emissions, security data, and advanced analytics.

Blockshipping GSCP has a balanced token metric with hardcap of $24 million. The amount will be used to develop, operate, and market the platform for a period of 2-3 years or until the break-even point is established.

There will be a total of supply of 50,000,000 CCC tokens and no additional tokens will be created. The token allocation is as follows, 80% for sale (10% private), 5% for presale bonuses, 10% advisors, media, and partners and 5% to the founders.

The reason for the extremely high sale allocation is that GSCP will utilize a two token ecosystem where the main function of the CCC token is to raise money for the platform and to participate in a revenue share.

45% of the token sale proceeds are going to be stored in a market maker fund. The market maker fund has the sole purpose of guaranteeing a price floor for CCC token-holders that purchased during the ICO. These token-holders can exchange their CCC for USD at the floor price at any time until certain milestones are met by the team.

Current competition for Blockshipping exists only from outside the blockchain world. These competitors do not offer the encompassing solution for freight containers that Blockshipping does.

There is also the Maersk/IBM blockchain that was recently announced. This blockchain is focused on different aspects of the shipping ecosystem and should help with acceptance of GSCP within the market.

The team has a vast amount of experience in the global shipping industry and has filled key positions with highly qualified tech personnel. The advisors round out the ICO team.

Overall the team's strength lies in the freight container, sensor, and shipping sector. The blockchain team is not bulletproof but this project is not the most complex in terms of smart contracts in the three initial phases.

Peter Ludvigsen - CEO - Maersk, UASC, Ports America
Christian Gyntelberg - COO - AP Moller, DHL
Jesper Vedelsby - CTO
David Green - Business Development Director - UASC, Bestshore Business Solutions

The GSCP platform uses a two token ecosystem consisting of the tradeable CCC token and the internal industry only CPT token.

The team has addressed many common problems that ICOs experience by issuing two tokens instead of one. The first problem is that large industries will not purchase and use tokens which have wild price fluctuations daily. Secondly, the platform does not need to create an artificial supply and demand for the industry customer base.

The utility of internal CPT token is to pay for any transactions on the platform. This includes registering a container, transport fees, hire fees, and container storage costs. For this reason, CPT has an unlimited supply and is pegged to $1 USD.

When CPT is used to pay for services a portion of it is sent to a revenue-sharing pool that CCC token-holders can participate in. In order to participate a CCC token-holder must pass KYC and register on the platform. The revenue sharing model starts at 20% and decreases to 1% as overall revenues increase.

The team has a well managed Telegram chat with active Amazix moderators. The telegram group has over 11,000 participants and is active with good questions in regards to the platform.

The team has been submitting posts to their Medium account on a regular basis. Post topics cover the token sale, container industry, and general shipping business news.

The Blockshipping Twitter feed is a good source of news aggregated about the platform from all over the web.

For More Information on Blockshipping

📅Token Sale Dates: June 14
📈Token Ticker: CCC

Website || Whitepaper || ANN Thread || Telegram || Bounty

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