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The global shipping industry is a massive industry operating worldwide. The estimated annual revenues of the worldwide shipping industry is in trillions of dollars. Given the massive size of the industry, _ship line operators spend millions of dollars as operating costs_. Technological advancements in the maritime industry has brought forward a few very innovative changes and strategies. But, the industry as a whole still lags behind when compared to the advancement in other sectors. For example, the _logistics of the cargo and real-time tracking of vessels still remains the most underdeveloped part of the process_. The unorganized way in which cargo is managed further brings down the efficiency of the entire industry. Blockchain promises a better future for the entire shipping industry. The **Global Shared Container Platform (GSCP) Project** aims to deploy the entire operations – right from the registration of cargo for shipping to the payment after delivery – on the blockchain. This will bring about a revolution in how shipping industry operates, and will drastically reduce the operating cost for shipping companies.
The process of shipping a container from one place to another involves a lot of _paperwork and verification of a large number of documents_. Once the customer provides all the necessary documents and completes the paperwork, the shipping company classifies the cargo according to the distance to be covered, urgency and weight of the cargo. There are a _lot of discrepancies in this classification process_. Often, the cargo vessel ends up shipping empty containers millions of miles away! Such instances not only end up driving the operational costs higher for the shipping companies but also delays the transportation of other cargo items. All these can be avoided by deploying the entire operation on the blockchain, instead of manual paperwork and backdated software dictating the workflow. _The GSCP Project aims to use the Ethereum blockchain to store, analyze and manage the workflow_. It will deploy numerous smart contracts that will automate the process of payouts, logistics and the general day to day operations as well. Once it is fully implemented, it will change the way how cargo is shipped globally.
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**The Blockshipping Company** , which is the brain behind the GSCP Project _has more than 75 years of offering shipping services to clients across the globe_. The team has also done in-depth research of blockchain technology and has studied how it can help transform the shipping industry. The Project is already funded by venture capitalists and investors. However, to give small-time investors a share of the profits and to speed up the development and deployment of blockchain to manage the entire shipping operation, the GSCP Project is offering two types of blockchain based token – the **Container Platform Token (CPT) and the Container (Crypto) Token (CCC).** The later will be available to all investors and can be used to pay for any subscription on the platform. The former will be used by clients to pay transaction fees to use the services. _The tokens will be based on the Ethereum blockchain, and both are standard ERC 20 tokens_. However, the CPT will be based on a private version of the blockchain, whereas the CCC will be based on the public version of the blockchain.
The GSCP Project has an enormous market potential. Given its worldwide presence and headquarters at Denmark – one of the world's leading maritime ports, Blockshipping, the company behind the GSCP Project can _disrupt the entire shipping and maritime transportation industry by incorporating blockchain technology into the cargo shipping procedure._ It will not only cut operational costs by billions of dollars but also will facilitate an efficient, transparent and secure process of transporting cargo through the seas. The Project also aims to incorporate IoT, machine learning and artificial intelligence in its ecosystem to provide a seamless experience for its customers throughout the world. _This is a behemoth task – this is a quest to transform one of the world's oldest and largest transportation sector in terms of both revenue and volume_ – and the Blockshipping Company has taken the task unto itself to deliver the best. _When the operations on the new state of the art platform go live, it will change the maritime industry forever – for the better!_
**Website** - [https://www.blockshipping.io/](https://www.blockshipping.io/)
**Whitepaper** - [https://www.blockshipping.io/wp-content/uploads/2018/02/Blockshipping\_GSCP\_ICO\_White\_Paper\_public.pdf](https://www.blockshipping.io/wp-content/uploads/2018/02/Blockshipping_GSCP_ICO_White_Paper_public.pdf)
**ANN** - [https://bitcointalk.org/index.php?topic=3502572.0](https://bitcointalk.org/index.php?topic=3502572.0)
**Telegram** - [https://t.me/blockshipping/](https://t.me/blockshipping/)
Published by **coineaglebt**
**Profile** - https://bitcointalk.org/index.php?action=profile;u=1936073
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