Blockshipping aims to transform the global container shipping industry using blockchain technology. Find out how it works today in our review.
What Is BlockShipping Container Platform?
Blockshipping, found online at Blockshipping.io, is a blockchain-based Global Shared Container Platform (GSCP). The platform claims to be the world’s first freight container registry and the first global platform that allows all participants in the shipping industry to perform a wide range of container-related transactions.
The GSCP ICO for CCC tokens begins on April 15, 2018.
Blockshipping has already received funding for its GSCP platform from private angel investors as well as the Danish Maritime Fund.
What Problems Does Blockshipping Seek To Solve?
The container shipping industry accounts for approximately 60% of the world’s maritime trading. However, this industry has been facing major problems for decades, including:
- Low rates
- Security threats
- Increasing environmental regulations
Blockshipping seeks to solve these problems by introducing a system for increased efficiency and improved processes.
How Does Blockshipping Work?
Blockshipping is a Global Shared Container Platform or GSCP.
It’s a neutral, global platform designed to connect all participants in the container shipping industry, including carriers, ports, terminals, transport companies, and more.
Today, there are 27 million metal freight containers worldwide. Blockshipping wants to create the world’s first blockchain-based registry that allows the industry to keep track of all containers in real-time.
The GSCP platform will also allow industry participants to efficiently manage all types of transactions related to container handling.
Blockshipping will have two tokens, including the external revenue sharing token (CCC) and the internal utility token called the Container Platform Token, or CPT.
Platform design and prototyping is taking place throughout Q1 2018. The developers will also design the Blockshipping smart contracts and blockchain. By Q2 2018, the company hopes to implement the platform and iPaaS. A soft launch of the platform is expected for Q3 2018.
Blockshipping aims to offer the following benefits through its GSCP platform:
The platform claims to enable potential savings of $5.7 billion USD per year.
The platform is already funded by private angel investors as well as the Danish Maritime Fund. The ICO is seen as “a natural supplementary funding source” that will allow the company to further accelerate development of the platform.
Blockshipping aims to reduce global CO2 emissions by at least 4.6 million tons. Blockshipping will make freight shipping more efficient, which means fewer unnecessary trips and more optimized loads.
The Blockshipping CPT & CCC Token ICO Details
The Blockshipping ICO for CCC tokens begins on April 15, 2018.
Of the total supply of tokens, 70% are going to the public sale, 10% to the pre-sale, 10% to advisors, media, and partners, 10% to the founders, and 5% to ICO bonuses.
Of the funds raised during the ICO, 45% is going to a market maker fund, 10% is going to a CPT giveaway. 20% is going to software acquisition, and 25% is going to platform development and operations.
There’s a total supply of 50 million CCC tokens. 42.5 million tokens are being sold during the ICO.
The company has set a price of $0.62 USD per token, with total ICO revenue targeted at $24.8 million.
As mentioned above, there are two types of tokens on the Blockshipping platform, including:
- Internal Utility Token: Container Platform Token, or CPT
- External Revenue Sharing Token: Container Crypto Coin, or CCC
CPT will be used for clearing and settlement of transactions between users of the platform. These transactions will include services related to global container handling. A percentage of revenue from all transactions goes to a revenue share pool before being passed onto CCC token owners.
Both the CCC and CPT tokens are based on the public Ethereum blockchain. Each CPT token is set at a value of $1 USD.
Blockshipping’s ICO is significant for two reasons. First, the ICO is the first ICO related to Nordic shipping. Second, the ICO will also be the first to implement Denmark’s landmark “ICO 2.0” regulations. The ICO will be built on something called the “ICO 2.0 Framework”. That framework is designed to increase quality standards for ICOs, ensure that future Danish ICOs are 100% compliant with Danish law, provide the highest standards in terms of security and quality of coding, promote openness and transparency, and follow a strict code of conduct. The ICO 2.0 Framework is being built by Denmark’s largest law firm in collaboration with a fintech advisory firm.
Who’s Behind Blockshipping?
Blockshipping is led by a team of experienced experts from the container shipping industry. Key members of the team include Peter Ludvigsen (CEO and Founder), who has 38 years of experience in the shipping industry.
Other key members of the team include Christian Gyntelberg (COO), an IT management consultant with senior management experience in several shipping companies, and Jesper Vedelsby (CTO), a technical architect with 20 years of experience in shipping, airlines, and energy.
The company is based in Hørsholm, Denmark.
BlockShipping Container Platform Conclusion
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.
Blockshipping has already received investments from private investors and the Danish Maritime Fund. They’re also seeking to raise money during an ICO. Investors who purchase tokens during the ICO will be eligible to receive a portion of profits from the platform.
To learn more about Blockshipping and how it plans to disrupt the global container shipping industry, visit online today at Blockshipping.io.