Shaking Up The Global Container Shipping Industry With Blockchain Technology

Did you know that most of what we consume (regardless of our current location on the globe) is transported on ships, by sea? The data that is now collected worldwide shows that 90% of everything we use is shipped like this, on sea containers. In fact, things have not changed over the course of history - do a quick Google search or open a school book and you will be convinced within minutesȘ for thousands of years, humanity has relied on maritime shipping to survive and even to thrive.

How is this trade actually taking place? It uses sea freight containers. Recent numbers show that nowadays, the container global shipping industry generates more than 60% off all the world's seaborne trade. According to cit.com, in 2015, the total number of containers that were shipped across the major ocean transport routes exceeded 184 million (used to carry all sorts of goods) - at a total value of about 10 trillion USD; in 2030, estimates predict 700 million containers to be in use.

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Now, being aware of all these, we may start to believe that this is a safe and stable industry - however, the truth is far from this: a lot of issues have hindered the rise of container shipping businesses. Take for example overcapacity and low freight rates; problems that affect the safety of these transports; various new norms and rules that regard the protection of the environment. To face these problems, the industry needs a change of paradigm - something that brings a holistic approach. Only by having such a strategy, processes that are making this industry what it is nowadays can become perfectly efficient - the ultimate goal: to guarantee profitability for all future stages and create a keep the environment safe.

Discover the Global Shared Container Platform (GSCP) by Blockshipping - is a project designed to transform the entire container shipping industry. Soon to be launched through an ICO, on the 14th of May 2018, this platform promises to optimise a multitude of sea freight processes.

To improve this industry, GSCP has decided to first understand and present the most significant problem of the system:

• There is no central registry of all containers in the world (that are changing location all the time, obtaining payments or replacing ownership).

Thus, the inability to use a real-time tracking solution causes an immense number of empty containers to be moved to the various location, without any actual reason.
Blockshipping aims to resolve this issue by creating this missing container registry - GSCP.

GSCP is meant to operate on blockchain and modern sensor technologies; in doing so, it promises to:

• Help this industry save more than $5 billion every year, after its adoption
• Decrease the global CO2 emissions by approximately 4.5 million tons/year

To find out more about this possible tipping point for the global container shipping industry, visit the official GSCP website, Telegram, ANN Thread, Bounty Thread and download the latest version of the GSCP ICO whitepaper to learn all about the technical solutions created by this platform and better understand the ecosystem it develops.