Blockshipping - tokenizing the global container shipping industry
We’ve all been fascinated by the huge container ships we saw while visiting different seaports or watching movies or documentaries, right? However, we were never quite aware of the incredible industry that backs up all these transportation of goods, right? Unfortunately, the container shipping industry is in distress. To optimize the way it functions and create the first freight container registry, Blockcshipping aims to launch a blockchain based platform that will enable all companies and institutions in this industry to better handle transactions and attract new investors. How will this project actually operate and what are the roles of the tokens it will soon launch? Find out in today’s article:
Global Shared Container Platform (GCSP) by Blockshipping will be issuing two distinct tokens:
- An internal utility token meant to clear and bring settlement for all transactions that take place on its platform: Container Platform Token (abbreviated as CPT). The main role of this token will be to clear and settle transactions between participants in the GSCP platform. These transactions will be in close connection with a high number of services and fees that are part of this ecosystem.
- An external Ethereum based token - Container Crypto coin (also called CCC) - meant to be distributed to the public.
Understanding the revenue sharing model
A percentage of the revenue generated by platform users will end up in a Revenue Share Pool; however, it will not stay there for long, but be passed on to the owners of the Container Crypto Coins. What other operations are used here?
Blockshipping exchanges the CPTs (inside the Revenue Share Pool) to Ether, via $. Then, the platform uses smart contracts to run a Reverse Dutch Auction on the Ethereum blockchain - now, Blockshipping provides the CCC owners a price for their tokens. This price will constantly increase, up to the moment when all available Ether are spent. Once the auction is finalized, Blockshipping allocates the procured CCC tokens to all the owners of CCC tokens - on a pro rata basis. Through this chain of processes, Blockcshipping manages to repay the CCC token holder regardless of their decisions (whether to sell or hold on to their coins).
Top features of the Container Crypto Coin:
● A Revenue Sharing Pool - this mechanism will pay a percentage of the revenue that is created on the GSCP platform, returning to the owners of the CCCs
● A Market Maker Fund - this component will provide all participants that take part in the ICO (by buying CCCs) an interesting option; users will be able to opt in reselling these coins back to the GSCP platform, at almost any time following the ICO
What is the current status of GSCP and what makes it gain more momentum?
Until now, an important number of container carriers from various parts of the world have expressed their interest regarding this bold project and, moreover, in backing this platform. Also, GSCP has succeeded in gathering funds from well-known shipping institutions (such as the Danish Maritime Foundations) and private investors.
The GSCP platform is currently under construction; the ICO will launch in May 2018. Moreover, all progress related to this stage and all future milestones are presented on the Blockshipping official website.
Learn more about Blockshipping and the ICO
Feel free to visit the official website of this project at https://www.blockshipping.io or browse the White Paper. This document will offer answers to questions such as:
- Why does the current container shipping industry need optimisation?
- How can blockchain fully bring a disruption of this market?
- What is the detailed GSCP business model that will be utilized?
- How can costs be decreased in this industry?
- What types of sensor technologies fit this type of global industry?
- Why is the ICO 2.0 Framework utilized by GSCP?
- Who are the members of the Blockshipping team?
Blockshipping is one of several companies seeking to use blockchain to optimize efficiency in the global shipping industry. It’s the world’s first blockchain-based global shipping container platform, or GSCP.
I'm not the first time getting acquainted with this project. Therefore, I see a difference between what was before and what has become now. Frankly, the project is developing. Yes, it is in a constant stage of progress, and this means that its creators continue to work. This makes me happy. They chose the "graft" direction. The shipping industry is a very profitable and used industry that brings a lot of money.
Blockshipping this is the world's first global platform and register of freight containers. It is based on block chain technology, which means it is reliable and safe. In addition, on this platform, all players in the shipping industry can perform a wide range of transactions that involve the handling of containers. Thanks to this plaformom, the shipping industry can increase profits and save huge amounts of money.
Now ICO is expected in the project. Everyone can take part and become an investor in an evolving platform that integrates with the shipping industry. You can find out the conditions for purchasing tokens on the platform's website. I recommend everyone to visit it.
Thank you @danizaharie
Great
Blockchain shipping? That's a first I mean from my perspective.its a whole new way to enhance investments and pave for for cryptocurrency credibility, slowly
you explain it nicely dear, i know something from here, thanks for share
This is really nice and big project. Like it so much. A very profitable system of ship-to-ship and ro-ro transport. Thank you for sharing @danizaharie
Wow this is simply amazing, I imagine a blockchain shipping . Cutting down taxes and the percentage of middle, investors will definitely want this. I’m unto reading the white paper now. Crypto is changing the world . Yes it is
This is yet again another great intiative @danizaharie.
Blockshipping Global Shared Container Platform is designed to make key processes in the global handling of containers significantly more efficient and thereby solve some of the most important problem in the container shipping industry today.
The Blockchain based GSCP will enable a wide range of players like container carriers, beneficial cargo owners, port authorities, leasing companies, trucking companies to achieve cost savings based on real-time information exchange.
wow blockchain!
thanks for your share about this
this is a big project, helpful for all steemian
Your post is very good and I can learn a lot from this post. You can post something very good in the future