The concept of blockchain is gradually taking over all the existing technologies due to enormous pros it offers that were once been compromised in thebusiness world. Even though the conventional systems are working satisfactorily over years, blockchain has just increased our demands of "getting the process right" through the extra features it offers effortlessly. Who doesn't like more? And when it comes to business, what can be of more importance than a mere technology not just satisfying your needs but also your ethics that were always gambled with.

This technology in vogue is addressing each trading process in the world as well originating new ones with wonderful insights and is now approaching the shipping industry to modify and increase its efficiency beyond expectations. Yes, you heard true.

Jay Samit, an American businessman says,

"Every product you have ever loved was a compromise from the ideal vision of its creators to the realities of its shipping on time, on budget and on price point. Anyone who has manufactured a physical product that had to be on the shelves for Christmas shopping knows how painful these choices can be."

This indicates the urge to extend the concepts of digitalization and newer technologies to container shipping, ports, and related logistics to greatly optimize the existing methodologies. To address this, blockshipping has come up with a platform to increase the efficiency of shipping trades globally while providing more benefits through the blockchain technology.

About the project :

Blockshipping is a Danish company that is efficaciously applying its blockchain methodologies to famous Danish shipping trades to implement one of the most innovative projects - GSCP standing for Global Shared Containers Platform. As the name suggests, the project is all about using the open ledger system of the decentralized technology to globally register every shipping container existing on the platform. Every container will be attached to the sensor for enabling live monitoring and tracking of each container. This will lead to a major reduction in shipping costs ultimately and container inventories. The cost will be reduced since all the operational payments will be handled by the smart contracts and the inventories would be effectively handled by the blockchain ledgers.

Benefits offered by the project:

• the global ledger system will no doubt reduce the loss due to the shipment of empty containers leading to huge cost savings overall.

• the live tracking will enable a great reduction in finance and insurance cost of the containers since their status will assure their precise handling

• lastly but more importantly, the project ensures execution of environment protection policies by estimating huge reductions in CO2 and NOx emissions.

The ICO and team information:

The platform utilizes two tokens to efficiently manage its economy. They are CPT - internal Container Platform Token and CCC - external revenue share token Container Crypto Coin. Both are Ethereum tokens. The ICO sale for the same was scheduled in February 2018 and the public sale in April 2018. The platform will be launched with all its features available by the first phase of the upcoming year 2019. Such an innovative project is led by a team of professionals and advisor groups with years of experience in shipping as well as blockchain technology successfully amalgamating both to execute successfullyblockshipping. Also,the project is already funded by great angels to accelerate its development and implementation.

Conclusion:

According to me considering the above features,the project will stand out to be a perfect instance of the application of the existing resources to modify the ongoing processes in such a way that it benefits both its consumer and stakeholders and thus leads to a betterment of the world. If it really achieves its estimates of reduction of pollutants released, then I think this project holds a great potential to stand out in the market and revolutionize the shipping industry globally.

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

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

ANN - https://bitcointalk.org/index.php?topic=3502572.0

Telegram - https://t.me/blockshipping/

Published by - dannywhelan

Profile - https://bitcointalk.org/index.php?action=profile;u=1606458