Today’s article will be about Blockshipping’s Global Shared Container Platform.
The invention of blockchain technology has made the world an easy place to live. Blockchain technology is the latest technology taking over the world. This technology provides a decentralized way at which data are stored and verified. Blockchain technology is 100% secure and no third party can change the blockchain stored information. This technology provides a bookkeeping platform that cannot be corrupted, bypasses censorship and enforces transparency. Base on its success story with cryptocurrency, companies and industries are adopting blockchain technology. Considering all these challenges, we attest to the fact that the container shipping industry needs increased efficiency, improved processes and a fundamental digital transformation to ensure profitability in the future.
The container shipping industries account for about 60% of all the world’s seaborne trade, with a total value of approximately $12 trillion in 2017(https://www.blockshipping.io/wp-content/uploads/2018/02/Blockshipping_GSCP_ICO_White_Paper_public.pdf ). However, these industries have been faced with some challenges such as overcapacity, low rates, security threats, and increasing environmental regulations.
BLOCKCHAIN TECHNOLOGY AND THE CONTAINER SHIPPING INDUSTRY
Introducing blockchain technology to the container shipping industry will enable full transparency and a shared ledger of container inventories and financial settlements when work orders for intermodal transport are issued, and when containers are interchanged between carriers or street-turned between importers and exporters.
This technology provides real-time visibility and enabled smart contracts that automate processes and payments between parties. It will enable all parties to significantly reduce internal control/admin functions or costs.
BLOCKSHIPPING’S GLOBAL SHARED CONTAINER PLATFORM (GSCP)
The container shipping industry needs to increase its efficiency, improve its process and also needs a fundamental digital transformation to ensure profitability in the future. Blockshipping’s Global Shared Container Platform (GSCP) is a blockchain based platform which is the world’s first freight container registry and the first global platform which allows all players in the shipping industry to perform a wide range of transactions related to the handling of containers. The Global Shared Container Platform is designed to make key processes in the global handling of containers significantly more efficient which solves some of the most important problems in the container shipping industry.
WHY THE CREATION OF THE BLOCKSHIPPING’S GLOBAL SHARED CONTAINER PLATFORM
The purpose of the GSCP platform will provide a complete blockchain enabled container asset registry where the full global inventory of containers are registered along with real-time locations of every single container around the world.
GOAL OF BLOCKSHIPPING’S GLOBAL SHARED CONTAINER PLATFORM
The vision of Blockshipping’s Global Shared Container Platform is to achieve a 60% market coverage with 16 million container units in the Global Shared Container Platform blockchain registry. The aims of blockshipping’s Global Shared Container Platform are;
- To become the primary platform for managing operational payments clearing between stakeholders related to physical handling/ interchange, haulage and sharing of containers.
- To become the shipping industry’s primary IOT (internet of things) platform for real-time tracking of containers enabling real-time visibility of containers to all stake holders.
- To monetize data insights based on machine learning, IOT (internet of things), AI (Artificial Intelligence), and blockchain data.
Blockshipping is the project that will digitize the shipping industry through its blockchain solution. Blockshipping’s ecosystem focus could contribute to its fast-growing success.
For more info about Blockshipping, visit the following links below;
Website
Telegram
https://t.me/joinchat/HWi2Gw9VvUw1U5lZObNS2w
Whitepaper
ANN Thread
https://bitcointalk.org/index.php?topic=3502572.new#new
https://www.facebook.com/blockshipping
https://twitter.com/Blockshipping
Youtube Channel
https://www.youtube.com/channel/UCy6rhL5daYE8jxbuUgNu6jg
Created by
Bitcointalk username
Vickyrichy
Bitcointalk profile link
https://bitcointalk.org/index.php?action=profile;u=2189259
The shipping industry is one of the biggest industries that generates huge income in the world. The potential within this project is very great. Great job development team.
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Nice project and an amazing article