Blockshipping needs its own tokens

stazhao (61)in #ethereum • 6 years ago

Blockshipping is using blockchain and IoT technology to build a Global Shared Container Platform (GSCP). This GSCP will provide companies with services in the shipping industry and the ability to track shipping containers. There are a lot of companies making developments on blockchain and it’s often asked why does the company need their own token and why would Ethereum not satisfy if the company is making their service on the Ethereum blockchain. Often the reasoning can be weak but Blockshipping has a very good reasoning for using its own tokens.

Blockshipping has two tokens. The first token is internal to the system only and is called the CPT token. The company is offering services and companies need a way to pay for those within the GSCP. They can make those payments with the CPT tokens. This token is pegged to American dollars in worth and can never change in price. This is obviously better than using Ethereum in internal transactions because the price of Ethereum can move up or down by 10% on just a single day and sometimes even in a few hours. Many businesses are running on very small margins and this kind of volatility is not something businesses would be up for. By using their own token Blockshipping gets the ability to have a stable token for transactions for the services it is offering.

Blockshipping’s second token is called the CCC token. This token is sold in the ICO and it gives every token holder the right to earn some of the revenue the company makes. Obviously if you are giving out money to people who have invested in your project you cannot pick Ethereum because that is being used by a lot of people who did not invest in your project. The CCC token makes it possible to easily pay Blockshipping’s investors their fair share of money. And this is why Blockshipping needs it own tokens.