Upcoming ICO: will new platform ‘transform’ container shipping industry?

on May 9, 2018

Lasting for one month, the ICO offers investors interested in Blockshipping a Revenue Sharing Model and a Market Maker Fund, meaning coins can be sold back to the platform until the team has achieved specified objectives.

What is the project?

The ICO will be raising funds for Blockshipping’s GSCP platform that will, through its facilitation of global shipping transactions, solve the problems of overcapacity, security, environmental rules and low rates. Blockchain and sensor technology will be utilised and the overall aim is to reduce annual costs by billions of dollars, as well as significantly reducing emissions.

Blockshipping will be accessible to all those who are involved in the shipping industry, including companies, terminals, ports and carriers. The technology monitors millions of containers using real-time tracking as well as handling other related transactions the industry requires.

Although there are other decentralized shipping platforms, Blockshipping says it is the ‘world’s first blockchain based registry that will allow the industry to keep real-time track of all containers’.

‘Immense interest’ already

Blockshipping says it has received ‘immense interest’ in the platform from the industry with development of it already underway. The plan is to use the ICO as a means of accelerating the advancement of the project to market.

Led by Peter Ludvigsen, CEO and founder, said: “Traditionally the shipping industry has a reputation for being rather conservative, but when what I have experienced since the announcement of our GSCP project is anything but the traditional pushback on new business ideas.”

ICO details

The ICO begins on May 14th and ends on June 14th with a hard cap of 24,800,000 USD. Currencies accepted are ETH, BTC, USD and EUR and 1 CCC is equal to 0.62 USD.