There has been an announcement made by the Danish-based Blockshipping, who are the people who created the Global Shared Container Platform (GSCP).
As a result of the development of the GSCP, the worldwide industry for container shipping will be able to see massive amounts of savings in the region of $5.7 billion on an annual basis as a result of their ability through this platform to handle their intermodal freight containers in a smarter manner.
In addition to these monetary savings, there will also be a significant reduction in the amount of CO2 emissions across the world, somewhere in the reign of 4.6 million tons on a yearly basis once this system has been fully implemented.
At the moment, approximately 60% of the globe’s seaborne trade is through container shipping but it has been an industry that has been experiencing significant issues for a number of years as a result of factors such as higher environmental regulations, threats to security, lower freight fares and overcapacity.
This is why there is an important need in the industry for improved levels of efficiency, as well as adapting to digital means on a more fundamental level to ensure that profitability is improved, as well as environmental regulations being adhered to.
What is so special about this specific system?
Blockshipping are the creators of this new GSCP platform that will mean it is the world’s very first real-time registry of the 27 million shipping containers in the world, as well as being a platform that can be jointly used by all of those companies involved with the container shipping industry. This means that transactions can be executed in a much more efficient manner also.
This platform is built utilising modern sensor and blockchain technology and it is extremely exciting for both the company behind it, as well as all of those in the industry today.
What are the details about the ICO?
Contributors to this ICO will have access to a number of different features form their tokens, such as partaking in a revenue sharing model and the Market Maker Fund which means that investors have the ability to resell their coins to the platform at the price they were initially bought at until the point in time when the Blockshipping team have met certain concrete milestones in the creation of their GCSP platform.
The pre-sale has already began and the public token sale will begin on the 15th of April. This is set to be the very first ICO related to shipping that has been held in the Nordic region.