Blockshipping project introduction

toluene (47)in #crypto • 6 years ago (edited)

Shipping can be referred to as the movement or transportation of goods or things from one location/region to another through the sea. The shipping process usually comes after manufacturing and packaging of goods. Shipping is commonly used compared to other transportation means due to its advantages like safety, ability to carry large volumes and a relatively cheaper cost.

The shipping industry is rated to worth well over trillions of dollars yearly worldwide. And it involves the participation of every country because every country participates in international trade, which makes the industry extremely valuable and important. But despite its importance, the industry is still plague with its limitations which are as follows (but not limited to).

Lack of coordination which is due to the lack of real time registry of shipping containers: The aftermath effect of this is the under-utilization of shipping container which has led to the transportation of half-full or empty containers or the unnecessary movement of containers around.
Increased environmental pollution: Research shows that cargo ships are part of the worst polluters in the world as they generate approximately 3% of the greenhouse gas emissions produced worldwide.
Over-capacity: Over-capacity in this context means a situation where the number of carriers outruns the demand, which results in competition and losses for most shipping companies.

The need for a revolutionary change cannot be overstated.

Blockshipping; the groundbreaking solution

Blockshipping is a decentralized platform that seeks to utilize the Blockchain technology to provide solution and efficiency into the shipment industry. Blockshipping creates a decentralized Global Shared Container Platform (GSCP) that manages the operational requirements of the shipping industry by providing a record of all the information of every shipping container including their real time location. It provides a asset registry of every container in the industry.

Blockshipping leverages the Blockchain technology to provide efficiency in the shipping industry by providing lasting solutions to the problems of the industry. It also helps the environment by helping to reduce the pollution (greenhouse gas emissions) created by cargo ships. Blockshipping is the long-awaited solution for the shipping industry.