BLOCKSHIPPING-GSCP: TRANSFORMING THE CONTAINER SHIPPING INDUSTRY WITH THE AID OF BLOCKCHAIN TECHNOLOGY

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It is no longer news that both new and existing platforms are either embracing blockchain technology or porting to it. This is due to the outstanding results which have been achieved with the aid of blockchain technology, such as;
a. Data protection: Due to the decentralized nature of blockchain technology, cyber attacks have no effect on the data stored,
b. Real-time transactions: With the aid of smart contracts, transactions can be initiated anywhere in the world with no point of failure.
These and many more have made blockchain technology the trending thing in this current era, with it finding applications in Healthcare systems, Financial systems, Gaming platforms etc.
With that being said, BLOCKSHIPPING- GLOBAL SHARED CONTAINER PLATFORM (GSCP), embraces blockchain technology so as to bring a transformative change to the container shipping industry.

WHAT GSCP?

GSCP is a freight container platform with the aim of creating a register where all players in the container shipping industry will be listed thus performing seamless transactions related to the handling of containers etc. The platform is built on blockchain technology, thus making GSCP platform the first freight container platform in the world to embrace this technology in order to solve related issues.
Blockchain technology is very vital to this platform as it ensures transparency in the aspect of container inventories, financial records and settlements, and also when an exchange of containers takes place. This, in the long run, will attract the shipping industry stakeholders such as;
a. Carriers,
b. Beneficial cargo owners,
c. Terminal operators,
d. Transportation companies.
Furthermore, with the aid of smart contracts, seamless transactions are assured.

THE PROBLEMS GSCP AIMS TO SOLVE

A study has shown that the container shipping industry accounts for about 60% of all the world seaborne trade, and also, as of 2017, the shipping industry was believed to have a total value of about $12 trillion. Even with this good track records, the container shipping industry has been faced with challenges which tend to limit the true effectiveness of the industry, these challenges are;
a. Increasing environmental regulations
b. Low rates,
c. Security threats,
d. Overcapacity.
The container shipping industry lacks a central register which can account for the numerous (more than 27million) intermodal freight containers which are either changing location, changing ownership or incurring payments.
The current container shipping industry lacks the right tools to ensure efficiency and enhanced processes thus limiting profitability and chances of complying with environmental regulations.

THE SOLUTION OFFERED BY GSCP

Blockshipping's Global Shared Container Platform aims to solve these challenges by creating a platform where there will be a central register for the listing of about 27 million intermodal freight containers, thus making it possible to track the locations of these containers anywhere in the world.
This is achieved with the aid of blockchain technology, and in the long run, a neutral and global platform is created where all players of the container shipping industry will participate freely.

ATTRIBUTES OF GSCP

With GSCP being funded by private angels and The Danish Maritime Fund, it ensures Global adoption.
GSCP aims to reduce the emission of CO2 by 4.6 million tons per year.
GSCP aims to enable $5.7 billion per year for savings potential for the global container industry.

GSCP TOKEN

GSCP token CCC (Container Crypto Coin) is an ERC20 token built on Ethereum blockchain. It is a revenue share token with the total supply of 50,000,000.
GSCP has two tokens, the image below explains more on these tokens;

INFORMATION ON INITIAL COIN OFFERING (ICO)

The ICO is now open, to participate visit the following link;
Visit: https://ccc.blockshipping.io/

CONCLUSION

GSCP aims to create a platform where it will be easy to track the real-time location of containers, thus ensuring real-time visibility of containers to all stakeholders.
With the aid of Blockchain technology, AI, Machine learning, IoT data, GSCP aims to monetize related data.
Furthermore, GSCP believes that within 3-4 years it will achieve 60% market coverage registering 16million intermodal freight containers on its blockchain register.

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