BLOCKSHIPPING: TRANSFORMING THE SHIPPING INDUSTRY USING BLOCKCHAIN TECHNOLOGY

Freight transport is an integral part of the modern world. Without them, not a single production is possible, since practically all materials are delivered to the place of production from long distances. The shipping industry deserves special attention. Due to the presence of a huge number of sea routes, it is possible to deliver large and bulky cargoes practically too any point of the globe.

Due to the large capacity vessels, cargo on the water are the most economical and best views of transport, present on the market, due to the fact that per unit of cargo consumes less fuel.

But, despite the existence of a large number of advantages, there are also some sort of problems that significantly compress the scope of this industry.

Market problems

Despite the rapid development of cargo transportation, until today there has not been created a single register containing all the data on transportation and containers. This significantly reduced the convenience of working personnel, and increased the problemat of loading cargo onto ships.

Tough competition. In this industry there is a very large number of giant corporations that cooperate with customers on favorable terms. Thus, it is very difficult for small start-ups to enter the market, especially if they do not have a large budget.

Also, additional problems that are present for a long time and, hinder the normal development of the industry, are:

· Excess capacity, present in most industries.

· Relatively low tariffs, entailing low-quality service.

· Threats to personnel life and cargo safety.

· Environmental standards that are increasing every day, thus surviving a large number of companies from the market.

Blockshipping solutions

Blockshipping ecosystem is a unique platform that has a worldwide scale and has all chances for existence and development.

First of all, it is designed to create a single register of cargo containers. This will significantly expand the ability of shipping companies, and will simplify the work of maintenance personnel. This will allow companies to provide a full range of services related to container shipping, which is currently unavailable.

At the same time, the ecosystem focuses on the maximum reduction in the cost of delivery of goods and its effectiveness. This is a pretty bold decision, which has been tried for a long time to be realized, but in vain.

The goal of the Blockshipping launch is to create a single ecosystem, which includes a huge number of ports, cargo terminals, carriers and logistics companies.

Cooperation without intermediaries will allow to achieve maximum efficiency and minimum costs for transportation of cargo to remote places of the globe.

The main difference is that all accounting operations will be carried out directly within the platform. At the same time, the event will be displayed in real time and with a global scale. This will eliminate the downtime of vessels, as well as minimize the number of facts of transportation of empty containers over long distances.

Benefits

The project Blockshipping differs from its competitors and has no analogues in the world or domestic market. This is truly a global platform designed to build the global shipping industry. The main advantages of the implementation are:

Saving. According to preliminary estimates, which were made by experts, with the introduction of the ecosystem and its full functioning, it will be possible to achieve savings of about $ 6 billion.

Global scales. The platform has already connected a huge number of investors from different parts of the country. Its main partner is the Danish Marine Fund. The procedure for selling domestic currency is considered by the creators as a way of attracting additional and free investments.

Reducing emissions and worrying about the environment. This will be achieved by optimizing the routes and reducing the number of idle traffic. Thus, it will be possible to reduce carbon dioxide emissions to the atmosphere by almost half.

The platform has an excellent and unique idea, but its implementation provides for a global scale. Undoubtedly, with such support, management will be able to implement it, but all this will take additional time.

For more information about the project use the below useful links:

Website: https://www.blockshipping.io/

Facebook: https://www.facebook.com/blockshipping

Twitter: https://twitter.com/Blockshipping

Whitepaper: https://www.blockshipping.io/wp-content/uploads/2018/02/Blockshipping_GSCP_ICO_White_Paper_public.pdf

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