Projects Introduction
Shipping put simply can be described as the transportation of physical goods, cargo, and commodities from a geographical location to another, either by sea or other means.
The World shipping industry is a multi-trillion dollars industry that involves trillions of dollars worth of goods traveling from one location to another yearly, however, despite the advancement in technology and the relative increase of global economy, about 90% of all shipping activities still happens by sea.
Compared to the other means of transportation, sea transport is better suited for shipping purposes because of reasons like;
- Safety
- Ability to carry large cargo volumes
- Cheaper cost
However, this system that works fine and efficiently is not without its limitations. Some of the challenges container shipping currently face includes;
- Low rates
- Overcapacity
- Security Threats
- Increasing Environmental Regulations
Before now different private and public organizations have tried to tackle these problems but not as been successful in having a collective solution to these problems.
The Blockchain Inspired Solution: Blockshipping
Blockshipping is a decentralized global shipping container platform that uses the innovation of the blockchain to create a completely transparent ledger of all the shipping containers in the world.
This platform offers more than the primary records of all containers but also useful data like real-time location information to enable tracking, and a platform capable of managing the operational requirements in the shipping industry, like initiating payment between different stakeholders and the physical handling of containers and its cargos.
Blockshipping is operated on the Global Shared Container Platform (GSCP) which is the platform responsible for the blockchain enabled container asset registry. This platform aims to use the blockchain technology to revolutionize the shipping industry thus creating more economic effectiveness, reducing total running costs, better utilization of resources among many other benefits.
Official Contacts
Website: https://www.blockshipping.io/
Telegram: https://t.me/joinchat/HWi2Gw9VvUw1U5lZObNS2w
Bitcointalk ANN Thread: https://bitcointalk.org/index.php?topic=3502572.new#new
Whitepaper: https://www.blockshipping.io/wp-content/uploads/2018/02/Blockshipping_GSCP_ICO_White_Paper_public.pdf
Facebook: https://www.facebook.com/blockshipping
Twitter: https://twitter.com/Blockshipping
Connect with me on bitcointalk here>>
My Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1556229
If you like my article kindly Upvote, drop your comment or question in the section below.
Thank you.
Good info over here. I have heard this news few days back. IBM has already started there solution for the same. Some of big shipping merchandise showing there intrest in blockchain solution.
That goes to further prove that this is a market ripe for disrupting. Blockshipping is fully decentralized and will be a leading blockchian solution to shipping problems for everyone.
Improved shipping solutions can save economies billions of dollars as well as bringing efficiency to a very important sector.
Very accurate, it will not only save economies billions but also have a good impact on the enviroment.