BLOCKSHIPPING: AN OVERIEW OF A PLATFORM SEEKING TO LINK THE TRAIN OF CONTAINERS IN THE SHIPPING WORLD

lollyk (35)in #ico • 6 years ago (edited)

INTRODUCTION

Transferring cargo from one point to the other is a complicated procedure where so many people, equipment and a number of transportation network come together to achieve the overall goal of ferrying goods from one point to the other.

More than half of the goods moved globally is done through freight in vessels on ship however, the procedure is quite intricate. Shipping large container demands monitoring, carefulness and a mix of offshore and onshore transport means to arrive its destination.

Inter-border problems and laws often result to delay owing to logistics issues, language variation, security challenges and a host of other complications. The relationship between these components in cargo transportation is less than efficient, at its present stage.

It is truth incontrovertible that the cargo transportation industry represents close to 60 percent of world’s water transportation. Nevertheless, the maritime transport industry for long has been beset with some fundamental issues such as overcapacity, reduced rates, security problems and rising environmental challenges.

BlockShipping is out to resolve these issues by using a mechanism that betters the effectiveness and enhanced procedures.

BLOCKSHIPPING COMPANY

A Denmark-based company, BlockShipping is a worldwide oriented platform that seeks to link the train of containers in the shipping world. The primary aim behind this move is most likely to document every detail about the container with the passage of time. This will lower cost and besides, it is more environment friendly to introduce efficiency and lower the number of unwarranted trips and cancel out the loads.

BlockShipping intends to change the worldwide cargo shipping world through the use of blockchain technology. The whole idea of BlockShipping is spearheaded by professionals in the shipping business. With close to four decades work experience in the field of shipping, the Denmark-based company is set revolutionalize the shipping industry.

HOW BLOCKSHIPPING WORKS

Just as earlier stated, the primary objective of BlockShipping is to properly tracked. The whole model is fashioned to link every actors that includes the shipping market, terminal nodes, transportation forms and all that. Throughout the entire globe, we have up to 27 million metal cargos.

BlockShipping aims to lower the operation cost by close to 6 million USD yearly. The firm will be optimized and more sophisticated as the financing will be done by personal investors. This is less detrimental to the environment because it lowers carbon IV oxide emission significantly. The journey will be much more efficient and the goods will be smarter and the trips uncalled for will be lowered.

As we have it now, there are over 277 million metal container all over the world. BlockShipping hopes to build the very first blockchain platform that will assist the industry to monitor shipping cargos reakrin. Again, using this network, industry actors can handle individual transactions linked to managing the cargos.

Network building and modelling with respect to BlockShipping blockchain and Smart Contracts is expected to start in the first quarter of this year. Using the company seeks to execute the iPaaS, and complete it in second quarter of 2018. Even as Shipping gets easier, BlockShipping aims to lower wmorldwide carbon IV oxide emissions by great amounts.

BLOCKSHIPPING TOKEN

The BlockShipping token is known as CPT and CCC. It is an ERC20 standard type token and the total amount issued is 50 million while the total amount sold during the ICO pre-sale is 40 million. The token price is 0.62 USD and the hard cap is 24 million USD.

TOKEN CHARACTERISTICS