Blockshipping is a blockchain company based in Denmark and founded by Peter Ludvigsen in 2017. The company aims to revolutionize the container shipping industry by saving the industry a lot of money per year. Mr. Ludvigsen and his team also aim to reduce global carbon dioxide emissions and other problems affecting the shipping industry.
How does Blockshipping achieve this?
The company started by developing the GSCP (Global Shared Container Platform). This is a complete blockchain platform designed to make the most important processes in the global shipping industry more efficient. Some of the proposed innovative solutions the platform advocates for include:
A complete registry
Currently, there is no tracking system or registry for the millions of shipping containers across the world. The company intends to come up with an accurate tracking system or registry to enable shipping companies and their customers to track shipping containers using IoT technology.
The company’s GSCP will also act as a payment platform for all stakeholders. This will radically reduce administration costs and other inefficiencies.
Currently, many shipping containers are left half-empty thus increasing the shipping cost. Using Blockshipping’ GSCP, shipping companies and other stakeholders in the shipping industry will be able to find and match up shipping opportunities that allow the sharing of containers.
Street turn opportunity
Shipping containers used in the export and import process are often underutilized. When such containers are empty, their moving cost increases to 10 billion US Dollars per year. Since the GSCP advocates for registry and tracking systems, such empty containers are going to be utilized by both exporters and importers without any confusion at inland depots or ports.
Reduce container fleet
At the moment, there is no system that tells shipping companies where their shipping contains are. So many companies end up using more containers than they would have used. The Blockshipping’s GSCP will come up with a technology that will reduce the number of container fleet the shipping company uses.
Some shipping companies use a lot of paperwork and utilize manual processes. Blockshipping’s GSCP comes with automated technologies that make the shipping process easier and reduces the overall shipping cost.
The team of experts at Blockshipping
The company’s senior team comprises of Mr. Peter Ludvigsen the CEO and founder, Mr. Christian Gyntelberg the company’s chief operating officer (COO) and Mr. Jesper Vedelsby the chief technology officer (CTO). All these three individuals have a career spanning more than three decades at various leading companies in the shipping industry.
Blockshipping ICO and how to invest
The company has also introduced its two different tokens known as the Container Platform Token (CPT) and the Container Crypto Coin (CCC. The first token is the internal utility token that will be utilized in the settlement and clearance of all transactions and activities between the users of the GSCP platform. These transactions include container exchange fees, depot and terminal handling costs, capital purchase and other related costs. The CCC is the external dividend token which will be traded on public cryptocurrency exchanges.
The GSCP comes with a set of unique token features. One of such features is the Money Marker Fund which allows the holders of the CCC tokens to re-sale them back to Blockshipping at a floor price after holding them for a certain period.
The company announced the pre-sale of CCC’s ICO on March this year. The pre-sale period lasted from 1st of March to 20th of March. The main Initial Coin Offering will begin on 14th May 2018 and will be closed on 14th June 2018. This is the first ever Initial Coin Offering to be based on the Danish ICO regulations and ICO 2.0 Framework.
For more information about Blockshipping and GSCP tokens, feel free to check out the company’s official website at https://www.blockshipping.io/.