CARGO COIN- THE DECENTRALIZED GLOBAL TRADE AND TRANSPORT PLATFORM
The Cargocoin platform is a blockchain-based platform designed to create a decentralized ecosystem to facilitate and enhance freight activities with the primary aim of increasing the demand for cargo coin token as well as easing the activities of freight forwarders, traders, shipping lines, booking agent and all other parties involved in the global and multinational trading/ transport of commodities and cargoes. This system seeks to provide a smooth and flexible method of trading/transport to the air, water, and inland transportation systems with means for secure storage and purchase, cutting across all transport systems with real-time protection and interaction. It links the physical world of trade and transport with the blockchain.
Despite the huge size and economical nature of the transport industry, it is still one of the least technologically advanced amongst other sectors of the global economy with many transporters, freight forwarders, and traders still facing numerous day to day challenges like exorbitant charges, lack of trust, and cumbersome documentation processes amongst others, hence, the need for a platform built to deliver optimal logistics services, ensuring hitch-free
and efficient operations in the industry. CargoCoin seeks to eliminate these challenges and optimize the system of trade by reducing fraudulent activities through a highly protected payment system, lowering charges, minimizing delays, increasing trust and mitigating transport related risk.
The development of Cargo coin has been structured to occur in four(4) stages namely: shipping, inland, air and cargo-all-purpose platform with the shipping platform being the first platform to undergo development. This shipping platform seeks to penetrate the multi-billion dollar shipping industry as a solution, service and utility provider. The utility provided is bound to generate the need for Cargo coin thereby increasing the value and also the demand.
Complexity in bank payment, time differences, delay payment, confidentiality, exorbitant fee hike and other issues are minimized, therefore motivating individuals and corporate entities to use the Cargo coin platform. Subsequently, this increases the need for cargo coin which is the method of payment on the platform. It creates a global market space for trade and transport services supported by smart contracts with enabled cryptocurrency payment methods. Cargo coin seeks to be the market leader in cryptocurrency, blockchain based service, and smart contracts platform because of its early and distinctive emergence.
When users/participants place their cargo orders, they receive bids from forwarders or container lines or booking agents and the users can make their selection based on their past history and records. The users can then facilitate smart utility such as smart Bill of Lading(B/L), crypto-transactions, escrow payment and the like. The system is carefully arranged, organized and designed to effectively, satisfactorily, and efficiently transport dry and liquid bulk goods and provide liner, payment and manning services to parties that need it. Alongside this service is the smart utility which is designed to effectively replace the traditional B/L with smart B/L and providing great solutions to its related problems. The traditional Letter of Credit (L/C) would be replaced with smart L/C to solve those problems associated with traditional L/C. This smart contract provides positive features such as flexibility, confidentiality, low cost, fraud risk elimination, capital optimization and solves bank and regulatory problems associated with cargo/ship transport. These features alongside the need for a decentralized crypto-transaction would drive the demand for Cargo coin. The campaign and intensive marketing would also help to drive the need for the Cargo coin token thereby making ICO investors much at an advantage. Although, the slow movement towards digitalization by the sector could be a limiting factor, but with intensive marketing strategy such as the bounty and affiliate programs, the problem would be solved.
The ICO of the Cargo coin token CRGO is underway and it is being offered to the public to purchase, however, residents and citizens of the United States are excluded from participating due to regulations. CRGO is built on the Ethereum blockchain and was developed using the ERC223 standard.
The funds generated from the sale of tokens during the ICO would be used for the development of the platform. The Cargo coin team and advisers consist of highly ingenious experts in diverse fields and they include Bogomil Alexandrov, Martin Iliev, Ilkay Topcu, Christina Sarastova, Georgy Zhelyazkov, Illiana Illieva, Samuela Valcova, Gupta Piyush, Ghush kaushik, Iva Kitova, Mihaila Lukanova, Bogdan Todorov, Petya Kalauska, Zlatin Sarastov and Luben Kazanliev.
To find out more about the project, use any of the following links:
WEBSITE: https://thecargocoin.com/
WHITEPAPER: https://thecargocoin.com/docs/CargoCoin-Whitepaper.pdf
TELEGRAM: http://t.me/thecargocoingroup
TWITTER: https://twitter.com/thecargocoin
FACEBOOK: https://www.facebook.com/thecargocoin/
LINKEDIN:https://www.linkedin.com/company/cargocoin/
YOUTUBE: https://www.youtube.com/channel/UCH6E328MCvBIKeHe71Yf16A
BTT USERNAME: KINGIGOLO
BTT LINK: https://bitcointalk.org/index.php?action=profile;u=1416347