Prime Shipping Foundation: The first blocking solution for sea freight

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Sea freight transport for centuries is considered the best way of international cargo transportation, which is used by most countries, and for many it is by no means the only one. Nevertheless, even in spite of its efficiency, modern transportation using sea vessels is not so perfect, to such an extent that it seems that the new technology simply does not reach it.

But after some 2-3 years the situation has radically changed, thanks to the introduction blokcheyn technology, smart contracts and cryptocurrency - it is taken for the founders and developers of the project Prime Shipping Foundation . In the next three articles we will know exactly what the disadvantages of conventional sea freight it will be able to eliminate and how soon the company will be able to conduct international business in a new, modern, high-tech environment.

The best transport for cargo transportation

It would seem that how such a slow mode of transport can be so popular. But the facts say the opposite: 62% of all international freight shipments are carried out with the help of sea vessels, 90% of all ships in the world (more than 50 thousand units altogether) are used for transportation purposes, and 98% of all trade in Japan and the UK, and 90% % of US trade is carried out across the sea.

At the same time, if in 2015 the ships delivered about 54.69 billion tons of cargo with a total profit for the industry of $ 8.1 trillion, then in 2023-2024 the market is expected to grow to 92.10 billion tons of cargo and $ 15.5 trillion of profit per year. But why?

First of all, this is due to the highest carrying capacity, in comparison with other modes of cargo transportation, and, at the same time, the lowest cost. Naturally, when it comes to large shipments of goods by containers, and not about the delivery of a Bluetooth-column with AliExpress. Therefore, at least delivery by car or air transport is much faster, but the price will be calculated not for quantity, not for volume, but for weight.

Sea freight is the most convenient option for medium and large business. The fact is that in them there are practically no restrictions on the dimensions of the cargo, especially when compared with vehicles. At the same time, shipping standards are subject to the same worldwide standards and regulatory requirements, so most countries use them as the main ones.

As we have already said, despite all the advantages, water transport has its drawbacks, which, to a large extent, are connected with the lack of high-tech solutions. As a result, the lack of transparency in supply chains, the presence of intermediaries, problems and difficulties with cross-border transfers of funds, as well as the loss of profit in the process of currency conversion.

Prime Shipping Foundation Solution

The founders of the project Prime Shipping Foundation took into account all the current difficulties associated with sea freight, in order to continue to provide their leading positions in the transportation market. Their goal is to ensure the transparency of supply chains and the ability to track the delivery process, instant cross-border payments and cheap conversion, as well as the security of B2B cooperation.

All these goals are achieved by creating a comprehensive solution, based on the technology of blocking, smart contracts and crypto-currencies. The Prime Shipping Foundation solution includes:

Prime Payment System is a system for processing instant payments between B2B participants. Transactions have no geographical or legal restrictions and are implemented using platform tokens - PRIME Token;

Prime Crypto Bank is a unified crypto-currency bank for enterprises, which will allow users to operate with PRIME tokens, as well as by currency currencies - dollars and euros;

Prime Exchange is a crypto currency exchange that allows you to sell and purchase PRIME tokens for Bitcoin, Ether, dollars and euros;

Prime Shipping Platform is a platform for the organization of delivery and its provision with a smart contract indicating the number of tokens for, the point of departure and destination, the type of vessel, the volume (weight) of the cargo and the date of delivery

Prime Investment Fund - hedge fund of investors Prime Shipping Foundation

In the next article, let's talk about how exactly the creators of the Prime Shipping Foundation have come together to solve the current problems of sea freight and what role in this solution will play the technology of blocking.

Official website: www.primeshipping.io

White Pages: whitepaper

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