Do you know what GSCP platform is and how it contributes accelerated development in the global shipping industry? If no then do not get worry or tensed, as here in this article you will get to know about the Blockshipping technology platform. Also, you will get to know answers of some of the most commonly asked questions. The increased regulations and overcapacity has contributed major threat to the shipping industries and needs to be solved as soon as possible. So, without wasting much time know about this efficient and effective shipping technology.
What is Blockshipping Global Shared Container Platform?
The GSCP enables appropriate functioning of key processes that handles significant issues involved in the global shipping of containers. The need for improved processes, transformational of digital fundamental and increment in efficiency are some of the major goals of this platform. The platform is based completely on blockchain technology that includes asset registry of the container in real-time locations.
In addition to this, the aim is to become primary platform which is mainly used for payment clearance between the importers and exporters. It is an IOT platform that tracks containers and is visible to stakeholders in real-time locations. The data insight on AI, blockchain data, IoT data and machine learning is made possible using it.

Blockshipping team and ICO:

Blockshipping platform is designed by a Danish company and the core team of the project involves people with in-depth knowledge, strategy, decades of experience and technology awareness.
The platform has launched its first initial coin offering in the Nordic region. It thus has issued to primary tokens- internal and external container platform tokens. The internal CPT share revenue issued on Ethereum blockchain and is used for payment or transaction clearance in US dollars. These may include container exchange fee, fees collected by the carriers and depot handling costs.

What is a smart contract?

For the self-executing contract, a computer program designed on blockchain technology with some piece of codes is known as a smart contract. The goal of the smart contract is to combine user interface, expressed promises, protocols and secure relationships among the public. The computational transactions costs, third parties, imposed principles and mental tools get reduced.
What is the street-turn strategy?
In order to handle empty or null containers effectively, street turn strategy is used that plays as integrated part of platform. The null or empty containers are moved from consignees to shippers directly. Thus it reduces the amount of truck trip and avoids congested areas. It also minimizes container storage cost, reduces dwell time, reduces vehicle miles and minimizes portability.
Some of the notable benefits of street turn strategy are reduced traffic congestion, reduction in emission and noise, congested areas gets avoided.

The novel process and deep understanding of the GSCP platform bring maximum benefits and precisely solves some of the setbacks that play a crucial role in development. The containers traced by banks contain 10–50% of containers. Thus it is mentioned earlier in the article that the blockshipping platform accelerates tracking of dry containers and helps in achieving realistic goals. This would payback highly on investments through tokens.

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