Blockshipping ICO — Reducing the Annual CO2 Output Equating to 1,000,000 Cars… with Container Management?
In this part of the Blockshipping ICO review we’ll have a closer look on how Blockshipping is aiming to change the shipping industry and how they are planning to realize their vision. If you have missed the first part in which we addressed the current industry conditions, check out the first part here.
Saving the Environment — One Container At a Time
With the Global Shared Container Platform (GSCP), Blockshipping is working on a global platform which connects each and every entity in the global seaborne logistics industry. Ports, terminals, carriers and the transport companies will all conduct their processes over a single globally used platform, allowing them to have a central single-point of usage to track, manage and control their own containers across the globe. Implementing a globally accepted platform would allow all players in the industry to improve their efficiency and directly save them money. Annually the whole global container industry would look at potential savings of $5,700,000,000. Even it’s not that impactful on the great scheme of things, the environment is profiting from it too. With an expected reduction of over 4,600,000 tons of CO2 emission per year, Blockshipping will be able to save as much CO2 as 1,000,000 cars produce per year. That’s a huge achievement and most certainly addresses a huge issue in the current day and age.
Automation to Fight Redundancy
The approaches Blockshipping is taking in order to reduce costs, will especially focus on a centralized platform that can be used to manage empty containers as efficiently as possible, allowing individual corperations to work together and rearrange their containers in a fashion that allows every participant to profit from it as much as logistically possible. Besides the rearrangement of containers, Blockshipping is also aiming to solve a HUGE problem in the communication aspect of the industry. If you’re not familiar with business information systems let me give you a quick rundown: In order to exchange data and documents fully automatic, businesses have to agree on and use a certain document exchange standard. By doing this, computer systems can exchange data between themselves and actually understand the data without human interaction. Electronic Data Interchange, or short EDI, is implemented and used across the globe by nearly every huge company in one way or another and is using document standards such as XML and EDIFACT to exchange structured data and automate their processes.
In the container shipping industry however, a lot of data is still being transmitted via unstructured data files (like E-mails) which can’t be automatically integrated into the information systems. This directly forces shipping companies to put up huge amounts of workforce staff to work through the unstructured and disorganized communication standard that is currently spread through the industry.
Solving these problems will have an huge impact on the cost reduction which will grow every year that passes by after the GSCP is fully implemented. This means that Blockshipping can possibly save trillions of dollars down the line in the grand scheme of things in the global shipping container market over the next decades.
With these promising predictions ahead, we’ll have a closer look on how promising this ICO for potential investors is. A very interesting fact beforehand: Blockshipping is implementing a revenue share model.
If you’re interested in planting the seed for a passive income tree, check out our next article.
