About Quasa QUA
Cargo shipping is a very complicated process that requires a massive cooperation of individual parts that all work together in perfect harmony in order to get every package where it needs to go.
On any 1 day, there are millions of tons of different cargo out for transit and being shipped all over the world. This system can move car, trucks, large machinery, and all kinds of different products through shipping channels from 1 side of the planet to the other. This undertaking can only be managed with the perfect synergy of paperwork, manifests, supervision, various transportation methods, and great care.
Any 1 country’s GDP (Gross Domestic Product) is roughly 8 percent to 9 percent logistics and transportation, which is a massive amount of market share. Such a massive endeavor should be as streamlined and efficient as possible, but the truth is that the cargo shipping world is challenged by a plethora of issues, most of which are due to how massive a project the whole thing really is.
The global shipping market is fragmented by different national regulations and rules that hold back the movement of shipments from one region to another, causing the entire process to be much less efficient.
Quasa hopes to change that by using the blockchain to enforce transparency in the cargo shipping industry.
There are a number of challenges in the cargo shipping industry, most of which stem from the intrinsic fragmentation and complication of the process. This is not made better by the fact that about 80 percent of the actual logistical operations are managed not by the shipping companies but by intermediaries.
This causes problems due to that fact that the fees and commissions for each person involved in the process are not always clear to all of the parties involved, and the sheer number of how many different hands the cargo moves through makes it difficult for everyone to know exactly where it is at any given time.
Quasa proposes to decentralize cargo shipping using blockchain technology in order to resolve these problems once and for all. The Quasa blockchain would make all of the fees involved in the end to end process completely transparent, and would also provide reliable tracking and information regarding the cargo itself.
The Quasa QUA ICO Token
Vladimir Khramov is a developer who is considered an authority in the blockchain industry and an expert in smart contract security. He is most well-known for discovering a number of critical bugs during his audit of Kickico, and smart contract blockchain. Khramov has personally completed an audit of the Quasa blockchain.
The Quasa blockchain will utilize its own token, designated QUA, and this token will be required in order for anyone to use the platform to pay for cargo shipment.
The challenges and problems in the cargo shipping industry are well-known and there are many different people who are trying to offer their own solution. There are already many other blockchain platforms that seek to become the industry leading in supply chain management, including Local World Forwarders, AIDA, CargoX, and OriginTrail to name just a few of the many ICOs that have been created for this purpose.
The market of blockchain solutions for the cargo shipping industry is already pretty crowded, and Quasa will have to outshine the rest if it wishes to succeed. All we can do is wait and see how Quasa will compete and if it will prove to be superior to the many other alternatives.
Quasa QUA ICO Conclusion
Quasa offers a valuable solution to the cargo shipping and logistics market that proposes to solve many problems and challenges in order to make the entire system more efficient and profitable.
However, they are not alone in this proposition and there are many blockchain platforms competing to become the industry standard in this space. Only in time will we be able to recognize the key features and benefits that will determine which one will come out on top. Either way, the decentralization of the cargo industry seems to be inevitable, and could permanently change the way we move cargo all over the world.