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It’s no secret that the current logistics market is not the most profitable endeavor out there. To put it back on the radar for big-time investors cutting-edge technology like IoT and blockchain must be adopted. Smart Containers is a Swiss-based container company that plans to employ the distributed ledger system to automate many of the processes that currently ha old the industry back. Here’s how they plan to do it:
1. Approaching the Pharma distribution chains
While traditional logistics is a field, almost everyone can dabble in, transporting pharmaceutical goods is no easy task. Containers must be cooled at the right temperature and keep the products from any form of shaking as it is vital to the compounds. Smart Containers have developed the necessary technology to accommodate Pharma distribution. The projected market stands at 16.6 billion by 2021.
2. Food distribution that increases the quality of the goods
Smart Containers was approached by food distributors to leverage their container technology. Thus a separate research and development branch was created to produce the next staple in food distribution. The team developed a container that is able to retain the freshness of the produce and even possibly cut the “ middleman” and deliver the goods straight to our doors.
3. LOGICHAIN: the bureaucracy revolution in logistics
As Smart Containers is currently the 4th global contender in logistics, they know very well what it takes to get a parcel from A to B. In fact no less than 200 papers have to be exchanged and passed around for one container to arrive at its destination. Not to mention the manpower it requires to track the packets safely to their final arrival point.
Naturally, Smart Containers has detected an outstanding opportunity in this sector, and they decided to create an entirely integrated logistics network that’s available for all logistics players to incorporate blockchain in their day to day activities.The end goal would be to get rid of the papers and the information disconnect that’s currently circulating in the logistics industry. How can this be achieved?
Well, by integrating a small chip in every container, an IoT product that can interact with Smart Contracts technology, processes like invoicing, shipment documents and customs could be solved in a programmable way with no human interaction required.
4. The SMARC token: a profit share opportunity
Unlike many other cryptocurrencies out there the token that Smart Containers puts out is a profit share token that will repay the investors with 20% margin of all future dividends and exit profits. The board of directors will propose how much dividends will be attributed on a yearly basis. The current total supply is 150 million tokens with 120 million offered in the ICO stage.
The hard cap is set at 36 million USD with a fixed price of 0.432 USD per token; the public sale is set to start on the 12th of April 2018. Those who decide to buy at this stage will benefit from a 10% discount.
Wow! this smart containers looks a great project, I will follow it up. @robertthomas, thanks for sharing.