Kris was fascinated about the concept of shipping. He thought everything about exporting and importing was as easy as it sounded. He was very eager to get into the business and paid less attention to the hazards of it. As soon as he got money from his late Father’s inheritance, Kris quickly acquired a few containers and started importing some products from China. Everything was going smoothly at first till he started facing delays from his goods in transit. It got worse when he discovered that he lost a few more containers not knowing they had been mixed up with another merchant’s containers and to add to his disappointment, there was no way to track it easily.
Importers and exporters around the world face a lot of setbacks like Kris. These setbacks have been a part of the freight and logistics industry, leaving them with the impression that they are insurmountable. Even though they keep groaning because of these drawbacks, the challenges appear difficult to solve holistically. Ordinarily, for an industry that is worth around UD$12 trillion (in 2017), it is rational that the challenges are fought to a standstill by government around the world. But what are these setbacks in question?
Problems of the shipping Industry
The commonest and most noticeable of them are listed below:
• Overcapacity
• Low rates
• Increasing environmental regulations
• Security threats
Solution
In a bid to make the processes involved in shipping and container handling more efficient globally, Blockshipping’s Global Shared Container Platform (GSCP) was established. With GSCP, a full blockchain-powered container asset registry will be made available to keep the complete inventory of over 27 million containers from across the world. That isn’t all. The locations of each container will also be displayed in real-time. This means shippers like Kris have nothing to worry about as missing containers can be located easily anywhere they are and from anywhere in the world. It will not happen overnight though, but the target of GSCP in the next couple of years is to have at least 16 million container units registered under the GSCP blockchain data collection. That is close to 60% of the entire market coverage.
When this is achieved, Blockshipping GSCP will become the major hub for the management of operational payments clearing and haulage transactions between importers and exporters. The GSCP project will also be the go-to IoT platform where all stakeholders in the shipping industry can track their containers in real-time. Once the project is fully functional, it is projected that savings of up to $5.7b USD will be realized annually by the GSCP platform. You can be a part of this ground-breaking project today by investing in the ICO via purchasing the tokens.
The GSCP ICO has two separate tokens:
The Container Platform Token (CPT) which will be used to handle transactions on the GSCP platform.
The Container Crypto Coin (CCC) which will be traded on crypto exchanges.
To learn more about this iconic maritime project you can feel free to click on the links below.
Website, Whitepaper, Telegram, Twitter, Facebook, Bitcointalk ANN, Bitcointalk Bounty Thread
Author - Coltpython
Great article here..
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Good knowing there is something through the blockchain to ease maritime business.
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