A start-up led by experienced professionals in the shipping industry creates a platform based on Blockchain that, for the first time, will provide a world record of 27 million containers in real time.

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A start-up led by experienced professionals in the shipping industry creates a platform based on Blockchain that, for the first time, will provide a world record of 27 million containers in real time.

Blockshipping says that its solution, called the Shared Global Container Platform (GSCP), has what it takes to correct some astonishing gaps in the market, which means significant cost savings for the companies in the chain. supply and significantly reduce the environmental footprint of the industry.

Despite being an "extremely valuable" industry, Blockshipping says the industry has been plagued for years by security threats, overcapacity and increasingly stringent environmental policies, adding that some problems have existed for decades.

In a period of three to four years, the Scandinavian company aims for 60 percent market coverage, equivalent to 16 million shipping containers, and expects its service token to become the currency for transactions between companies that operate in industry.

A computing power

Blockshipping believes that companies will be encouraged to adopt their technology with estimates suggesting that the industry could benefit from annual savings of $ 5.7 billion if the Global Container shared platform becomes widespread.

This objective will be achieved through the "intelligent management" that the GSCP would allow, which facilitates the matching of the deficit and the excess of containers. The Blockshipping White Paper cites research that indicates that carriers could reduce the size of their container fleets by up to 20 percent by installing tracking sensors in real time and obtaining accurate location data.

The company also states that, at any time, one in every five containers worldwide (the equivalent of 5 million units) is not counted. To add to the problem, it can be difficult to gather information about whether the containers are empty or loaded, which means that too often trains and trucks waste time and transport empty fuel cans.

Needless to say, this means that the environmental benefits of GSCP could be very important. According to the analysis of Opsiana, a consulting company also based in Scandinavia, the platform could see that the world's carbon dioxide (CO2) emissions fall by 4.6 million tons per year - with oxide-reducing emissions of nitrogen (NOx) in 4,900 tons.

important announcements of the association

In the coming weeks, Blockshipping is expected to announce 3-4 collaboration agreements with several technology partners that will help Blockshipping develop the GSCP platform.

Blockshipping announced a partnership with MakerDAO, creators of stablecoin Dai. The association specifically in the development of the internal compensation and settlement token in the GSCP platform called CPT - Container platform token - which must be stable at all times. The partnership is expected to accelerate the development and availability of the GSCP Blockshipping Platform by leveraging the proven Dai Stablecoin Maker OAC system to power the GSCP platform.

Rune Christensen, CEO of MakerDAO, sees many potential benefits for Blockshipping when using the Dai Stability System to power the GSCP platform. In a press release, he says:

"We look forward to partnering with Blockshipping to develop the best possible solution to transform the shipping space container, where long-term Blockshipping solutions can be 'fed by Dai', and we look forward to demonstrating that our stablecoin system is perfectly designed for projects of supply chain as the GSCP Blockshipping Platform ".

"The interest of the big industry"

Blockshipping says its first customers will be able to start using the portal from the first quarter of 2019. This year, the platform is designed and populated with data, paving the way for smart contracts to be developed and tested. .

The company will offer two types of chips. The first, known as the container platform token (CPT), would be linked to the US dollar and would be used to clear and settle transactions. Meanwhile, the Container Encryption Part (CCC) will be launched at Ethereum Global Blockchain for its initial parts offer. Examples of CPT situations that will be used include costs associated with land transportation of containers and costs related to the repair and maintenance of the units.

Blockshipping says that its GSCP platform was originally funded by the Danish Maritime Foundation, as well as by private angels, but an international organization is running to "accelerate the development and adoption" of the ecosystem.

Managing Director Peter Ludvigsen, Cointelegraph: "Traditionally, the shipping industry has a reputation for being quite conservative, but what I've known since the announcement of our GSCP project is more than just the traditional push of new business ideas. as an uninterrupted series of positive dialogues with the main actors of all fields in the container of the shipping industry.

"I am very proud to say that a few days ago, Blockshipping obtained the confirmation of a global container carrier that will join our GSCP platform as our first customer." This is an operator in the global rankings 10-20 that also confirmed that they will join our client advisory committee. "

The public sale of Blockshipping will begin on May 14.

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