Smart Containers ICO Review: A New Play in the Logistics Industry
Smart Containers Group is an established technology company that specializes in temperature-controlled containers for transporting sensitive sustenance and pharmaceutical merchandise far and wide.
The containers they provide are incredibly reliable. Truth be told, their pharma containers are 75 times more reliable than the current market leader with a temperature deviation of less than 0.1%.
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This is critical when you consider that the World Health Organization estimates that nearly 40% of vaccines are compromised due to a broken icy chain, leading to items being wasted or ineffective vaccination.
The pharma industry is estimated to discard $2.5 billion worth of items each year because of temperature deviation amid transport.
By addressing these challenges, Smart Containers has developed to become the fourth largest player in the B2B global pharma transport market in only five years, and have the biggest fleet of IoT (Internet of Things) containers for airfreight to date.
Smart Containers is based on a solid technological establishment with nearly 100 patents and over 50 working years of research. To center around both pharma and nourishment containers, Smart Containers Group is a dominant part shareholder of two quickly developing companies.
SkyCell
SkyCell has become the fourth largest player in the B2B global pharmaceutical transport market in just five years. SkyCell is recognized as the safest system on the market and offers its clients 20% aggregate cost reductions. They are hoping to enter the direct to patient market which is essentially larger and driven by patient needs. They are likewise planning to scale SkyCell to be the biggest pharma container supplier worldwide.
FoodGuardians
FoodGuardians provide exceedingly reliable and reusable containers for transporting sustenance safely. Forefront technology and infrastructure enable the freshness of an item to be preserved and provides traceability. They are planning to develop rapidly inside the sustenance container space as SkyCell has in pharma. They will probably enable sustenance to be sent directly from producers to consumers.
Smart Containers Group which is based in Crypto Valley Switzerland is presently seeking investment from the crypto group through the release of two coins. One is to raise assets to scale their existing businesses, while the other is to subsidize the development of a new disruptive coordinations ecosystem.
Planning to disturb coordinations with blockchain
As Richard Ettl, the CEO of Smart Containers Group states:
"Coordinations is the engine of global trade. More than 17 million sea freight containers, more than 1 million airship cargo containers make 5 billion shipments happen."
He then explains that to make each shipment happen, 200 documents are required or exchanged. This is where the management of Smart Containers have spotted a disturbance opportunity. Currently, it's more expensive to administer than execute a shipment.
The problem is the coordinations process is currently centralized, requiring large teams on all sides to tackle the surge of emails and generate the correct invoices, with a considerable measure of inefficiencies and complexity. Some of the documents involved include:
Documents of cause
Material safety sheets
Aviation route charge
Bill of filling
Transport order
Traditions declaration documents and bills
Invoices
Item data sheet
Storage conditions
Transport conditions
Multiple service provider billings
Licenses
Smart Containers Problems and Solutions – Source: smartcontainers.ch Whitepaper
The arrangement Smart Containers is proposing is to create a decentralized coordinations ecosystem open to all industry members based on blockchain technology. LOGI CHAIN will be the name of this ecosystem.
Each coordinations unit (container, parcel, etc.) will be mirrored as a virtual chip on blockchain infrastructure. Relevant parties will be able to connect required documents to the virtual chip and have them accessible to other related parties in the process (e.g., freight forwarders, temporary workers, traditions officers, shippers, warehouse workers).
Documents will be stored on either an open blockchain (like Ethereum) or a permissive blockchain, (for example, Fabric or Corda) depending on the sensitivity or security required. All data will be available in real time, enabling parties to act rapidly if there is a problem in the inventory network.
By removing the need for paper and disconnected data like email, this ecosystem will provide a great deal of efficiencies reducing shipping delays, costs, and CO2. Delivery parcels will become self-ruling entities that are trackable, invoiced consequently through smart contracts, and paid for in cryptocurrencies.
The greater part of the usefulness will be available free to calculated companies and users to increase selection. Extra services will be available, for example, insurance.
Smart Containers Group Founders
Richard Ettl – CEO and Co-Founder
Richard is an entrepreneur who grew up in Vienna, Austria however studied at the University of Fribourg, Switzerland and Stanford USA. He started his career at Bobst Group, a leading producer of bundling machines. He helped to establish Smart Containers Group in 2012 and has lead the company to commercial success.
Richard states:
"Smart contracts will enable coordinations to decentralize and become infinitely more efficient and sustainable."
Nico Ros – CTO and Co-Founder
Nico grew up in Basel, Switzerland and studied mathematics, material science, and engineering. He won prestigious architectural prizes amid his studies and became overseeing partner at the engineering company, ZPF. He additionally collaborated with the celebrated architects Herzog and DeMeuron, developing some of the most expensive structures in Switzerland.
Nico states:
"Our vision is to create a completely self-governing, integrated container based on blockchain technology."
ICO Advisors
Smart Containers Group have an ICO warning team brimming with respected names from the crypto world:
Smart Containers Advisors – Source: smartcontainers.ch
Smart Containers Coins
Smart Containers is releasing two tokens (SMARC and LOGI), therefore creating two opportunities for potential investors.
SMARC Coin – This is a benefit share token with reserves used to scale FoodGuardians and SkyCell. 20% of future exit benefits and dividends will be paid out in ETH to tokens holders.
LOGI Coin – An utility token and the currency that will fuel the LOGI CHAIN ecosystems (payment of smart contract transactions). Coordinations players will use it to access and pay for a seamless and integrated transporting process with all documents put on the blockchain.
Token sale – ICO
SMARC Coin token sale:
Total token supply: 150m
Tokens offered in ICO: 120m (80%)
Hard Cap: USD $36m
Full token price: USD $0.432 per SMARC
LOGI Coin token sale:
Total token supply: 100m
Tokens offered in ICO: 20m (20%)
Hard Cap: USD $4m
Full token price: USD $0.285 per LOGI
Use of funds:
Smart Containers Use of Funds – Source: smartcontainers.ch Whitepaper
Thoughts on Smart Containers
They have put together a clever pitch as the success of LOGI CHAIN will lead to the further success of Smart Containers and vice versa. The LOGI CHAIN ecosystem could disrupt the industry, and it has been designed based on the challenges they have experienced first-hand from their five years being operational.
Smart Containers have already proved that they are an innovative company, with SkyCell providing the most reliable product available on the market within five years. Another reassuring factor increasing the likelihood of success is the fact they already have strategic partners (such as Cargolux and Emirates) giving their blockchain technology direct access to the industry.
Useful Links
Website: https://smartcontainers.ch
Telegram: https://t.me/smartcontainers
Whitepaper: https://smartcontainers.ch/assets/20180208_smartcontainers_whitepaper_v1.pdf
Bounty thread: https://bitcointalk.org/index.php?topic=3211636.0
Authored by Lelvin: https://bitcointalk.org/index.php?action=profile;u=1275173