The Evolution of the Global Container Shipping Industry

Very few companies offer such a direct and straightforward approach to their goals the way Blockshipping does. Here we have a company that it’s aiming to change the way the global container industry works by using digital currencies and Blockchain Technology. The company is looking to create a Global Shared Container Platform (GSCP) to handle worldwide shipping through freight containers using a utility token and unlike a lot of entrepreneurs who offer a plan and funding strategy, this company is already on the path of achieving its goals since they are already funded by private investors and the Danish Maritime Fund.

Why do we Need Blockshipping? What are they aware of that we don’t?

As most ICO initiatives, the team behind Blockshipping is looking to solve a problem. On their field studies, they have gathered that almost 60% of the world’s commerce is done using maritime transportation. But even with a lot of companies working around the clock on this industry to fulfill deadlines of corporations around the world. The industry is plagued with problems such as the overcapacity limits of most ships, the low rates paid to workers, the security threats faced out in the ocean either by hazards in the ship or the menace posed by modern pirates and of course the increased environmental regulations imposed by nations around the world.

How can they solve these problems? Do they have the Capacity to do so?

Blockshipping is looking to address most of these issues by increasing the efficiency levels and improving the distribution of resources that most companies don’t know how to handle properly. Their plan is to develop an ecosystem that lays the groundwork of a massive network where every actor in the shipping industry, no matter how big or small, can be connected to every single carrier, port, terminal, and Transport Company around the world to keep track of their shipments in real time. With 27 million metal freight containers around the world transporting goods and services at all moments, it’s hard to see a downside to this proposal.

This Company is definitely Aiming High, how do they Work Internally?

Blockshipping is looking to fulfill their offering by consolidating this worldwide network in the GSCP platform where every company that signs up will be able to keep track of every step of their operation using the blockchain log registry associated to their assignments and orders. Every single package contained on each container can be tracked and two types of utility tokens will handle all the transactions related to the platform. The first one is an external revenue sharing token named “Container Crypto Coin”, an ERC-20 token that will be offered in the public sale and will be available for trade in the secondary market. The second one is the “Container Platform Token” an internal token that will be used for private transactions.

Blockshipping is not a company that is looking for a meager share of the shipping market. They are looking for global integration and diminishing the losses of an industry that reported just in the last year a $5.7 billion deficit due to unforeseen causes on all fronts. To learn more about their offering, you can visit them at https://www.blockshipping.io/.