Review on ShipChain by Robiul Islam
A coordinated, unified solution to bring visibility & trust to the global supply chain.
Shipment Tracking: When an invoice order is placed, a smart contract is made on the Ethereum network. The details of this contract will include about the shipment. Due to the nature of the drawback of the blockchain, it provides an ideal location to store such information, such that the details of the shipment may not change for fraudulent purposes. Following to their whitepaper, there is a dispute between the ShipChain that if a debate exists, then the smart contract will automatically be able to resolve it because it will be able to specify its own terms of how disputes can be resolved.
Decentralised Brokerage System: The system will recognize a sea carrier, rail carrier and truck carrier are needed for the journey and the ideal options will be selected based on cost, speed and size of shipment. Where the parts of the cargo carry with the carrier and when the parts are seen, the company should see that, they should increase visibility in their entire supply chain.
- Targeting An Eight Trillion Dollar Industry Projected To Be Worth Fifteen plus Trillion By 2023.
- Immensely Strong Team. Together With Former CEO Of DHL And Founder/CEO Of Direct Outbound.
- Wonderful Circulating Supply Considering Application. Total Supply Keep Ready Enough To Slow Inflation Rates.
- Large Team Of Advisors. Very Experienced In Transpot & Logistics.
- The Instinct nature of the blockchain, high visibility and irreversible nature makes it the accurate tool for supply chains.
- Their Roadmap isn’t as detailed as it it should be. Goals are set but lacking some details on how they are going to achieve them.
