BLOCKSHIIPPING: BLOCKCHAIN BASED PLATFORM FOR SHIPPING CONTAINERS

cryptotraderrr (45)in #crypto • 6 years ago

Within each passing day enthusiasm for blockchain is increasing. Everyone is seeking for transparent and efficient way to run the whole system. Implementation of this technology is producing awesome results.
Blockchain and cryptocurrency are and parcel for each other. Cryptocurrency is helping to eliminate third party and making transactions system decentralized. Blocking shipping is also using blockchain technology for its entire system. The global shipping industry which is currently encountering lots of problems will be revolutionized by implementation of this latest technology.

how what kind of problems are encountering shipping industry and what are the solutions of all these problems. How Blockshipping is going to tackle these issues

Here I will try to explain why I got attracted to this project, why is it so appealing for me and why I am recommending the ICO presented by Blockshipping.
So, let’s discuss all matters.

Global trading system entirely depends on shipping industry. Most of the trade is done through shipping. Inspite of this huge potential of this industry, it’s still encountering tissues worth to be resolved. This industry is encountering security threats, complex payment transaction system, environmental regulations, supply demand gap, late deliver, unreliable and long-awaited process, complicated paper flow for leasing and sale of containers, no real-time tracking, big commissions, insufficient customer service, old IT services, day by day increasing cost is making the current system vague and unreliable.

Blckshipping has an experienced and efficient team that is capable of analyzing the complex issues and they are capable of providing solutions to these issues that are still existing in shipping industry for many decades.

AND SEE HOW VAST EXPERIENCE THEY HAVE

As far I have studied this project, I have noticed that Blocksipping team has developed unique infrastructure to resolve all these problems and resolution of these problems will obviously result in success of the project. Blockshipping industry has designed a platform that will enable global handling of the containers most efficient by using Blockchain technology. This blockchain based system will enable container asset registry and will provide real-time locations all over the world. Blckshipping unique system will significantly reduce the overall cost and will save about 5.7 billion $ per year. This platform will handle payments between stakeholders. Blockcahin technology will ensure full transparency of the whole system. Blockshipping platform will insure savings and reduced costs for stakeholders,terminal operators, transportation companies, The technology used by Blockshipping will enable smart contracts to process payments between parties. Its unique platform ensures real-time tracking of containers, reduced insurance and financing costs and this will be helpful in preventing bankruptcy of banks and world leasing companies.

Manual and paper work requires lots of time and efforts,makes the whole process long,tiresome. Blockdhipping platform will enable automated process that will result in saving of time and reduction of cost as well.The automated process will eliminate the chances of mistakes that are possible through paper work.This will make this platform more reliable.

Empty containers is another big issue.Sometimes shipping have to be sent in order to carry out the order despite the fact that container has still capacity to carry more and then after reaching the destination,empty containers have to be returned and it causes the increased cost. Blockshipping has complete plan to resolve this issue and will help to save fifty million $ per year. Blockshipping will resolve this issue by using street-run method and it will be integrated with the Blockshipping platform
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