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Container Shipping & Trade

Container Shipping & Trade

First view of Blockshipping’s Global Shared Container Platform

Mon 14 May 2018 by Rebecca Moore

First view of Blockshipping’s Global Shared Container Platform

A first view of Blockshipping’s global shared container platform (GSCP) has been launched, and the company has announced its initial coin offering (ICO) is launched on 14 May.

To allow future users of the platform and ICO contributors to visualise some of the services and functionalities of the GSCP platform, Blockshipping said it is producing a series of easy to understand demonstration videos.

Blockshipping said “The initial prototype video launched today offers a glimpse into one of the earliest GSCP prototypes concerning the so-called ‘street turn’ method, also known as triangulation. Due to lack of a neutral, trusted platform, street turn cost savings opportunities for carriers to the tune of US$750M per annum are not being realised today and the GSCP platform will radically change that.”

The street turn method allows the container shipping industry to significantly increase the efficiency of the handling of empty shipping containers. And by utilising street turn through the GSCP platform users will easily be able to find street turn matching opportunities, enabling empty containers to be moved directly from local consignees to local shippers and significantly reduce the number of truck trips to and from container terminals.

The first Blockshipping GSCP prototype video launched today can be seen above.

When fully developed, the GSCP platform will include more than 34 different products and services related to the global handling of freight containers for a wide range of shipping industry partners.

Blockshipping has recently announced a global container carrier as its first customer and user of the GSCP platform. Blockshipping chief executive Peter Ludvigsen said “I am extremely proud to say that a few days ago Blockshipping obtained confirmation from a global container carrier that they will join our GSCP platform as our first customer. This is a carrier in the 10-20 global ranking who has also confirmed that they will join our customer advisory board.”

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