CargoCoin : Revolutionising The Global Trade And Transport By Decentralisation.

djokerbad182 (27)in #cryptocurrency • 6 years ago (edited)

Introduction.

The CargoCoin platform links the physical world of trade and transport with the blockchain.

CargoCoin’s foundation is based on two main pillars – the first pillar being the online platform allowing for various parties to connect and exchange information on cargoes, their transport needs, as well as supplemental services. The second pillar are the smart contracts: those can be used as just an electronic mean of recording the whole process from the offer to the delivery, or could additionally be used to facilitate the actual payment, being it a direct payment, escrow payment or escrow payment with partial funds release at various stages.

CargoCoin It is designed to attract a wide user base from a multi-billion dollars B2B marketplace by introducing and implementing free online services. The CargoCoin platform users’ interaction in the services sections naturally delivers demand for the platform’s smart utilities. These smart utilities are facilitated through CargoCoin tokens. The aim of the platform is to bring maximum demand for CargoCoin tokens. Through demand for the tokens the CargoCoin ICO supporters receive added value.

What is CargoCoin?

The full scale scope of the project extends to all trade and transport areas i.e. the shipping industry (containers, bulk, break bulk, liquid bulk), inland transportation (trucks, railways), air cargo (transportation by planes, drones, etc.), other types of “new age” transport such as pipeline transport, space cargo, intercity and outer city shared rides. Dedicated platforms for the different types of transport will be interconnected, allowing for infinite functionality. The objective is the creation of synergy between the commodities & cargo traders with all transport means on a global scale. The integration of all participants and utilities delivers unique, FIRST of its kind Ecosystem.

The problem.

The size of the transport industry is tremendous – the global value of the seaborne trade itself is over $12 trillion (WTO statistics). The value of freight rates is USD 380 Billion is 2017 (UNCTAD). Although the shipping industry is one of the largest economic sectors it is the least technologically advanced one. Today paper documents are issued for all shipped cargoes, no matter of the transport means. All original documents are being sent by couriers, taking time and money. All cargoes and freights are being paid for in traditional ways – via bank wire transfers or letter of credit. Those are expensive, slow and nonconfidential methods. Increasingly more often USD and EUR transactions are being blocked for weeks by US correspondent banks. Anyone in the industry has encountered that problem. Original documents delivery delays and money transfer delays cause unaccounted extra costs, opportunity cost & depreciation of assets, while disturbing a long supply chain.

The CargoCoin blockchain technology delivers revolution of the trade & transport by fostering optimisation. It will eliminate a number of problems:

Reducing Fraud.
Lowering Costs.
Minimising Delays.
Increasing Trust.
Securing Information.
Safe Archiving.
Flexibility.

Development of CargoCoin.

CargoCoin development has been set in the following stages:

Shipping platform – development of the global shipping platform, utilising Smart Contracts (Smart Bill of Lading, Smart Letter of Credit, etc.), referred to as the platform in this whitepaper. The platform connects importers, exporters, freight forwarders, booking agents, ship brokers, ship owners, etc. into a single unified marketplace.
Inland platform – development of the global inland transport platform, utilising Smart Contracts. The inland platform will cover all ground based transport, such as trucks, railroad, pipes, etc.
Cargo all-purpose platform – development of a marketplace, utilising Smart Contracts, allowing manufacturers to showcase their produce and connect them directly with customers, through an established link to the ship and inland transport platforms.
Air cargo platform – development of air cargo transport, utilising Smart Contracts, including cargo planes, cargo choppers and drones.

The CargoCoin Ecosystem!

| Participants & Target Audience |

The CargoCoin platform target extends globally to any trading company or individual, shipping line, freight forwarder, ship broker and other parties involved in the global trade and transport. The Platform has 2 cores i.e. SERVICES & UTILITIES. Maritime transport is the least technologically developed industry. This is the reason behind the decision to start off with this particular sector.

The Services are FREE (no monthly or annual fees) & they are designed to create a global marketplace for trade & transport. Wide user base is a prime objective. The platform UTILITIES make the use of CargoCoins and generate demand. The Demand for CargoCoin and appreciation of its value is the ultimate objective of the ICO. The interest of the Founders, the Team and the ICO Supporters are fully synchronized. Details on how the platform operates are reviewed in section 4.

The Shipping Industry: The underlying asset of the Ecosystem It is designed with 6 main sections. Each section has its relevant sub-sections. This is the market place which facilitates the Ecosystem participants with added value for FREE. The Sea Transport Platform is the foundation of the Eco System. It brings the users ON BOARD the CargoCoin vehicle and build up the grounds for services that create value to the ICO Supporters.

Containers. (FCL, LCL, OOG): Platform users place their cargo order and receive offers and bid from forwarders, booking agents, NVOCCs, container lines, etc.

The order goes to subscribed participants, smartly selected, by region, by past destination coverage etc. NVOCC, Freight forwarders, Booking Agents, Container lines.

Offers are presented with details – freight cost, transit time, equipment availability etc. The importer proceeds to the chosen bid via the CargoCoin platform. Transparency is a priority.

Full background and past performance of both parties are available. Communication via the smart platform is secure & instant. Once transport terms and additional services are confirmed, the participants have options to facilitate the Smart UTILITIES. These include Smart B/L, Crypto Transactions (payments) and smart L/C escrow payments.

Coin recruiting conditions:

Symbol: CRGO

Total supply of 1 million dollars. The tokens are provided in Stage 1, each of 18 decimals.
ICO is decomposed in two stages of ICO before ICO and actual ICO.
Pre-ICO is executed in a very short period of time, fixed, and published. 1 The price of CRGO is fixed at 0, 50 US dollars at the stage before ICO. Total 10 million euros. CRGO tokens are distributed on the first floor of the ICO During the preICO period, the supporter can purchase CRGO at 50% of the normal price. , From April 1, 2018 @ 00: .. 00 to April 15, 2018 @ 23:59 to 15 days, the soft cap will be US $ 5 million It is estimated that it will be reached.

Following the pre-ICO, the ICO was implemented and amounted to 55 million euros, and the tokens were distributed at a price of 1.00 US dollars ICO Phase 1 will start at 2018 @ 00: 00 on April 16 and ICO Phase 5 will end before December 31 @ 23: 59 UTC. It is estimated that it will reach US $ 55 million.

The total capital of CargoCoin after completing the first stage coin / coin service is estimated to reach US $ 60 million.

Because CargoCoin is based on ERC 223, the token is distributed after the ERC 223 standard has been officially released in the Ethereum block chain and smart The contract is fully developed and tested.The issuance of the token is irreversible and can not be changed to DAPP's Solinity code not.

Distribution of tokens and use of funds.**

CargoCoin is distributed as follows:

10% pra-ICO (soft cap).
55% ICO (hard cap).
15% was distributed to teams and advisors, available 6 months after successful completion of ICO.
10% prize & affiliate program.
10% is liquidity due to foreign exchange reserve

As stated in this white paper, 100% of the amount of funds raised from the TOKYO SEAL is allocated to Stage 1 Platform It is used for development of the form and implementation of the marketing strategy.