Global Container Shipping Industry needs a Revamp

Even with all advancements in shipping methods and the way various products are taken from one country to another, the need for ships is ever increasing. This is because ships are still the most reliable and the easiest way to carry different goods which cannot be sent via flight.

However, the container shipping industry is still lagging behind immensely. Even though some organizations have incorporated blockchain in this industry, still overall, the growth is not too good.

It is crippled by barriers such as overcapacity, environmental threats, low costs, security threats etc.

To survive and stay relevant in the modern world, this industry needs a complete makeover to give it a new face and a new spine.
Introducing Blockshipping's GSCP, a completely new platform that redefines the manner in which containers are shipped today.

What is Blockshipping's GSCP?

Blockshipping's GSCP has been designed to make key processes in the global handling of containers significantly more efficient and thereby solves some of the most significant problems of the shipping industry today.

First of all, Blockshipping's GSCP will allow the owners of the containers to see where their containers are currently. The locations are updated in real-time based on the ship's data.

This will ensure that the owners can see for themselves where their containers are currently, where they were supposed to be and whether they will reach their destination on time. Accordingly, they can make their commitments to customers or businesses.

Not only this, Blockshipping also aims to be the shipping industry's primary IoT service provider. This will allow the container owners and all other stakeholders to view the container in real time.

Along with the tracking and visibility part, it will also become the primary payment management platform for all the containers. The stakeholders can make payments and the owners can receive payments on the platform. The platform will manage the entire thing, bring in more transparency and efficiency to the businesses.

It will also offer better data insights using their algorithms, machine learning, AI, IoT and Big Data Analytics.

In short, it is a revolution in the shipping industry.

How does it work?

In today's world, when we order a product from the eCommerce sites, the only thing that we can see is the major checkpoints. Sometimes, even that is not updated in real time. Seeing what's inside is next to impossible today, and this leads to many frauds, causing harassment to the customers and loss of the sites and many other sellers.

Now, imagine how huge the loss can be if a container full of valuables is misplaced or the contents are somehow manipulated with? It can be huge, huge enough to destroy a business completely.

This is why Blockshipping's GSCP has introduced their real-time tracking and visibility feature that will prevent these in the future.

Another huge headache for the business owners is to manage the payments properly. This is one of the biggest hassles and sometimes, they may end up incurring huge losses.

This is why, Blockshipping's GSCP will take care of all the operational payments so that they can focus on what's more important.

About ICO

For the GSCP platform, Blockshipping has decided to create 2 different tokens :

• Container Crypto Coin (CCC), an external revenue share token
• Container Platform Token (CPT), an internal utility token for transactions

50,000,000 CCC tokens will be created in total, and no further tokens will ever be created.

70% of these tokens will be sold in the public ICO sale, which will conclude on 13th June 2018.

The project has been priced at 1 CCC = $0.62.

The project has been hard capped at 40,000,000 CCC.

Verdict

The shipping industry, in spite of being the most reliable method for shipping products, is crippled by many challenges such as low payments, overcapacity, loss, and theft of products etc. This needs to change soon so that the industry does not die down, and this is why Blockshipping's GSCP has entered the market.

Their real-time tracking and visibility feature provides unmatched security. Their payments platform makes everything hassle free for the owners so that they can focus on more important things. And also, they offer great data insights using their trademark algorithms.

In short, it changes the face of the industry for once and for all.

For more details visit:

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

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Blog By: Yalsik.S

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