Blockshipping; SWOT Analysis

in #crypto6 years ago (edited)

Blockshipping is a decentralized Global Shared Container Platform that seeks to provide the first real-time registry of container shipment that connects global stakeholders in the shipping industry. It seeks to solve the problems of the shipping industry and also provide efficiency in the industry.

I will be utilizing the SWOT analysis to shed more light on the internal and external factors of Blockshipping that may have a positive or negative impact on its development.

Strength 

The main strength of Blockshipping is evident in the team. The role of a team in the success of a project is almost as important as the purpose of the project itself.

The Blockshipping team is an experienced team filled with experts in different fields. Going through their LinkedIn profiles, I have been able to verify their previous experience in their respective fields working with different organizations. 

The CEO and Founder, PETER LUDVIGSEN is a good figure to consider in this team. He has wealth of experience in different fields ranging from the shipping industry, IT program management, to entrepreneurial experience. He is exceptionally capable of leading this project to success.

Another figure to consider is JESPER VEDELSBY, the CTO. He is a well experienced and not new to his CTO role in this team as he has 20 years experience as a CTO and technical architect within the shipping, airline and energy sectors. 

There are other members of this team that are well experienced and equally capable of playing a great role in the development of this project. Aside from the expertise of the team, they have a considerable degree of influence and experience in the shipping industry will play a great role in the success of Blockshipping, as they will know the required steps to take in other to break through in the industry. 

Weakness 

Blockshipping is looking revolutionize the maritime industry by decentralizing this whole industry as a whole. They provide primary record of all containers along with their real-time location information in order to enable tracking of the containers. They also want to create a platform that is capable of managing the operational requirements in the whole industry. 

Though this is a good idea, but the obvious weakness is that considering how large the whole industry is, it will take a significant amount of time before the concept will be established. Also the roadmap will require significant amount of developers to complete.

Opportunity 

The shipping industry is a very large industry that is worth trillions of dollars in yearly transaction. The industry currently has over 27 million containers that are being utilized. But the industry is plagued with inefficiency in different areas, which needs addressing. Blockshipping is abreast of the problems of this industry and sees a large opportunity in utilizing the Blockchain technology to provide efficiency and innovation in the industry. The services provided by Blockshipping will help reduce the unnecessary costs that are being incurred in the industry and also reduce the rate of pollution in the environment. This will increase the demand and adoption of this project, which will in turn increase it worth.

Threats 

The threat faced by Blockshipping is similar to that of every Blockchain project, which is the possibility of copycats or imitators. Considering how large the maritime industry is and the absence of entry barrier in the Blockchain, Blockshipping is faced with the threats of potential competitors as the existing big players in the maritime industry might also come up with a project with similar ideas with Blockshipping. 

Blockshipping is at advantage of being the pacesetter in the industry and by the time a competitor arise, Blockshipping will have established and stamp it foot in the whole industry.

Official Contacts

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

Telegram: https://t.me/joinchat/HWi2Gw9VvUw1U5lZObNS2w

Bitcointalk ANN Thread: https://bitcointalk.org/index.php?topic=3502572.new#new

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

Facebook: https://www.facebook.com/blockshipping

Twitter: https://twitter.com/Blockshipping

My Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1633818


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