Shipping via seaways has always been one of the most influential ways in the history to transfer goods overseas since the time of Vikings.
Initially Vikings built fast ships for raiding and war called the 'dragon-ships' or the 'long ships'. Later, The Vikings also came up with slower passenger and cargo ships called 'Knorr(s)'.
The Knorr was a dedicated merchant vessel designed to carry cargo in bulk with a broader hull, deeper draught, and a small number of oars.
Therefore the Shipping industry had rich routes in the human history.
The countries with a location that overlaps between trade pathways always earned a lot of profits from the shipping industry.
Denmark- Although with a population of less than a 6 million, has a geographic location has played a strong influential factor in the country's development into one of the world's leading maritime nations.
The Danish shipping industry is one of the highly innovative and futuristic industry as of today and is also the world leaders in maritime technologies and solutions. And now, this industry is determined to bond with blockchain technology to experience cutting-edge efficiency.
BLOCKSHIPPING: HOPE FOR A SUFFERING INDUSTRY
One of the world's giant industry, the container shipping industry, is a direct influencer towards the world's total economy.
It evidently had a huge total value of about 12 Trillion USD as of the year 2017 which is approximately 60% of world's seaborne trade. This industry with the potential to have such great numbers can do even better if the problems in the industry are resolved and dealt with.
Despite being such an important part of the economy, the industry has to deal with problems such as overloaded capacity.
Along with this to our concern, it's also hard to tackle the new upcoming environmental regulations for the industry.
Security is also a major concern for any small or huge industry. Such issues have a direct impact towards the industry's efficiency.
Automation and IT industry are largely responsible for taking care of many of these tasks.
Although due to the use of outdated technology, errors and functional delays have become more common. The paperwork has become more complicated than ever.
There can be no such thing as "real-time tracking" with the current technology.
These are just the tip of the iceberg, as the industry suffers from many such inefficiencies.
How does BLOCKSHIPPING plan to bring about a change?
Blockshipping has planned to use the blockchain technology to treat these inefficiencies with much ease.
Blockshipping aims of becoming the industry's largest IOT platform, achieving more than 60% of the world's total market coverage of about 16 million container units just within a time span of 3 to 4 years along with real-time tracking capabilities.
GSCP which is expanded as Global Shared Container Platform is designed to process the procedures in the global handling of containers way faster than it's handled now.
Although the increased doesn't affect the quality of the work adversely which greatly uplifts the current efficiency of the system.
The GSCP platform stores the details and registries about the complete global inventory of containers in a decentralized manner. The information registered is completely transparent to avoid any fraudulent instances within the system.
These are easy to access and use along with the actual "real time" locating and positioning system functional at all times.
The payment procedures are also kept automatic as well as transparent taking care of both the interacting parties involved in an unbiased manner. It also reduces the internal and removes any hidden costs.
CPT TOKENS- A FUEL FOR POWERING BLOCKSHIPPING
CPT stands for Container Platform Token.
CPT Tokens will be offered to be purchased on global Ethereum blockchain for the ICO.
The Pre-sale for the CPT tokens will start from February 2018 onwards with a 20% bonus. Following the Pre-sale, the Public token sale will start in April, 2018.
The CPT tokens can be purchased at the ICO at a cost of USD 0.62 for each CPT token.
The buyers can use ETH and BTC to make the purchase. They can also contribute via direct bank transfer in USD and EURO.
Minimum buy equivalent to 100 USD.
THE VERDICT:
BLOCKSHIPPING has decided to battle the industry inefficiencies in a futuristic manner. The use of blockchain technology will help in uplifting the whole industry.
Coming up with the idea to bond with Blockchain along with a standing experience of more than 75 years builds up a pretty strong case in the favor of Blockshipping's success.
Who's to vouch, but this might turn out to be the next big thing the favor of the world economy and maritime industry.
For more details visit:
Website: https://www.blockshipping.io/
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Blog By: Yalsik.S
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