BLOCKSHIPPING: When the Shipping Industry meets Blockchain Technology

The word ’Blockchain’ has been buzzing for some time now with faithful enthusiast and those who holds little idea what it is about fantasizing about various ways it can be applied to already existing business models to improve operations in terms of reduction in cost of operations, creation of more profits, promotion of transparency and accountability, automation of operations, protection of data etc.

 While not every business model can truly fit into the “blockchain” style of total decentralization, we are seeing hybrid of that both centralized and decentralized solutions. In creating business solutions that seeks to provide ultimate transparency and data management, the best technology to resort to is the “Blockchain Technology”. And this is exactly what a Danish Company called “Blockshipping” has decided to do.  

The Danish shipping industry is known for sophistication and embrace to smart innovations as well as their notable “effect” on the shipping industry. This is very much seen in the shipping giant “Maersk” 

By leveraging the fascinating features promoting transparency, privacy, automation etc of the Blockchain technology,

 Blockshipping seeks to build a platform called Global Shared Container Platform (GSGP) which is as an container asset registry that will contain and record inventories of containers with real time location tracking functionality wherein any container can easily be located anywhere in the world. In achieving this feat, it has set an achievement/goal of covering more than half of the total container market which is worth of 10 Trillion USD as at 2017 within a period of four years.

 Alongside the development of the container asset registry, it also aim to become the singular platform which will manage the settlement of economic benefits between stakeholders in the container supply chain as well as becoming the  shipping industry point of call when it comes to the internet of Things platform for real- time tracking of container assets. 

With the issues faced by the Shipping industry such as low rates, security, theft, high cost of operations, lack of adequate information exchange etc, by the development of the GSGP platform which will provide the above highlighted features to stakeholders in the shipping sphere, there is a guarantee that when deligently followed, the Blockchain technology will indeed Block the loopholes in the shipping industry and bring smile to the face of stakeholders.  

Find More Resources Below

Website Url: https://www.blockshipping.io/ || Telegram Community: https://t.me/blockshipping

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

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