Shipping containers may not sound like the most exciting thing in the world, but there is an ICO about to get underway that looks very promising indeed and it is called Blockshipping.io.

Currently there are significant problems in the shipping container industry, with large inefficiencies and a number of companies facing financial difficulties.

Blockshipping are proposing a new blockchain-based solution to these various inefficiencies and estimate they could save the industry over $5.7bn per year, as well as reducing global CO2 emissions by more than 4.6m tonnes annually. So this could be a win-win for the shipping industry and the planet — as well as potentially for investors in the ICO.

What is particularly interesting about this ICO is that they are offering a token with a payout, which as followers of my Crypto Dividends Portfolio will know, I am a big fan of.

So below I will take a look at what Blockshipping is all about, how their system will work and details of the ICO.

 Shipping is a massive business sector that transfers much of the world’s trade. Within it, the container shipping accounts for roughly 60% of all the sea-based trading done. With such a big number, one is led to believe that high efficiencies are the only way for this to grow that big.Yet, that is not the scene. Within the container shipping sector, these efficiencies are due to many factors, the major being multiple container registry systems that are not connected, overcapacity and a low number of containers (leading to overbooking) and environmental regulations.The modern shipping industry has utilized a lot of technology and management systems to update it, but in essence, it operates the same way it did decades earlier. The industry has seen only upgradations in its working, processes that support the old model to work fast. The need of the hour is a revolution, that will change how the container industry works. 

 Benefits of Blockshipping to the Shipping Industry

Blockshipping’s GSCP is an original and premier concept in container and cargo shipping. The platform is packed with a lot of potentials and uses some of which include;

• The GSCP will serve as the world’s first ever global inventory of containers providing real-time and location information on every single container anywhere in the world, at any time.
• The GSCP will enable the global shipping industry save about $5 billion USD on shipping costs yearly
  through more efficient management of intermodal freight containers.
• Global CO2 emission will be reduced by as much as 4.6 million tons with the intervention of GSCP, adopted and utilized.

Introduction to Blockshipping tokens

An analysis of the performance of utility tokens in the market made it obvious that an increase in the market value of a token invalidates it for the purpose for which it was originally created for – use on the platform. This research necessitated the need for Blockshipping to create two different tokens;

• The internal utility Container Platform Token (CPT)
• The external dividend Container Crypto Coin (CCC)

CPT will see to the clearing and settlement of transactions between the users of the platform. These transactions include but are not limited to capital purchase, terminal and depot handling costs, container exchange fees etc. CCC will be the tradable external token on public cryptocurrency exchanges.The internal token CPT will help boost the market value of CCC using a distribution structure where a percentage of the revenue generated from CPT-enabled transactions is transferred to a Revenue Share Pool. The funds so transferred are subsequently reallocated to CCC token holders every month based on an Ethereum blockchain protocol. 

ICO Details

The public sale begins on 14th May 2018, with the pre-sale already underway. The key information for the ICO is as follows:

• Start date:14 May 2018
• End date: 14th June 2018
• Token: Container Crypto Coin (CCC)
• Platform: Ethereum ERC-20
• Price: Fixed at $0.62 per CCC throughout token sale
• Soft cap: n/a
• Hard cap: 40m tokens, $24.8m
• Currencies accepted: ETH, BTC
• Minimum investment: $100 equivalent

Token distribution

Tokens will be allocated as follows:

• Pre-sale: 10%
• Token sale: 70%
• Founders and employees: 5%
• Advisors and partners: 10%
• Bonus for pre- and public sales: 5%

ICO Ratings

The ICO has received some very good ratings from ICO review sites, including the following:-

• ICO Bench: 4/5
• Track ICO: 5/5
• ICO Street: 4.8/5
• ICO Marks: 8.3/10
• ICO Bazaar: 4/5
• Found ICO: 7.8/10

Overall then a strong set of ratings there, ranging from good to excellent. 

 Conclusion

The Minimum Viable Product is already in the final stages of development and will soon be released for a test run in the market. Blockshipping will completely revolutionize the shipping industry when it is fully adopted and implemented in the system.

For more information please visit https://www.blockshipping.io/.

Join the Telegram Community: https://t.me/blockshipping.

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

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Author: https://bitcointalk.org/index.php?action=profile;u=1640623