In today’s world, containers really certainly can be a crucial section of the logistics industry. They‘re the most elements out there which according to a lot of, do not have room for additional transformations and adaptations.
However, for Smart Containers, which is really a new startup based in Switzerland, containers can definitely change and adapt towards the current technologies and trends. Consistent with them, It‘s exactly the blockchain technology that can conduct the following — all because of its massive potential.
Smart Containers is really a fintech company that combines the potential from the logistics and also the blockchain industry, integrating them both inside a unique way. By adopting the Internet of Things (IoT ) methodology, this company has designed safe and temperature-controlled containers which will aid the transport of goods — especially the goods sensitive to heat or pharmaceutical goods.
So, finished goal of Smart Containers Isn‘t to exchange the existing logistics model. Instead, to change it into anything new. Moreover, something that will assist be certain that no goods are damaged or visiting waste throughout their delivery.
Founded by Nico Ros and Richard Ettl, Smart Containers happens to be a team of several people, all focused on pushing this model through and seeing their company like the next leader inside the logistics industry.
How Would Smart Containers Achieve Their Mission?
However, what it is that we didn’t mention is Smart Containers is targeted on transporting sensitive goods worldwide. Counting on the blockchain when it comes to security, the startup believes that food and pharmaceutical goods could be safely transported to any location worldwide.
The containers provided from the startup are incredibly reliable. When compared with conventional containers, the corporate found out that they‘re 75 times more reliable — with a temperature deviation of lower than 0. 1%.
As you‘d guess, temperature is vital when one thinks of pharmaceutical goods and products. Based on the World Health Organization, nearly 40% from the vaccines are nowadays compromised because of the broken cold chain which results in these products being wasted or ineffective inside the very end.
Improving Efficiency And Reducing Costs
In times once the pharmaceutical industry is estimated to throw greater than $2. 5 billion worth of products away due to temperature deviation, Smart Containers makes a leap forward and addresses all the difficulties.
Therefore, the ICO and startup soon grew to becoming the 4th largest player inside the B2B global pharmaceutical transport market.
Creating A Decentralized Logistics Ecosystem That Streamlines A Lot Of Tasks
The decentralized nature of Smart Containers enables the startup to make an ecosystem that‘s open to all industry participants depending on blockchain technology. Many of the documents that‘ll be streamlined using this ecosystem include the listed :
- Documents of origin
- Material safety sheets
- Airway bill
- Bill of lading
- Transport order
- Customs declaration documents & bills
- Invoices
- Product data sheet
- Storage conditions
- Transport conditions
- Multiple service provider billings
- Licenses
Altogether, Smart Containers proposes a solution where each logistics unit will certainly be mirrored like a virtual chip upon the blockchain infrastructure. Therefore, all the relevant parties can link the required documents towards the virtual chip and also have them accessible with other related parties in a similar process.
The documents will certainly be stored on the public blockchain (like Ethereum ) or perhaps a permissive blockchain — all with respect to the sensitivity or privacy that‘s required. All the information will certainly be available in real time which enables parties to act quickly when there is any problem inside the supply chain.
Smart Containers has lots of plans for future years. The Swiss startup already announced its token sale, initial coin offering (ICO ) along with the transparent use of funds for the complete project.
If you‘re new for this series, We Might advise you to reach to a number of our previous articles where we describe the nature from the startup and just how it aims to disrupt the logistics industry via a decentralized ecosystem depending on blockchain.
The Smart Containers Coins (SMARC and LOGI Coin )
The token sale of Smart Containers is that the first attractive thing that a lot of investors are looking forward to. Inside it, the startup will release two tokens named SMARC and LOGI which might create two different opportunities for potential investors.
The SMARC Coin is a profit share token with funds designed to scale FoodGuardians and SkyCell, companies that many of us already described inside the third part of the series. Moreover, 20% of the longer term exit profits and dividends will certainly be paid in ETH towards the token holders.
However, the LOGI Coin will become a utility token and currency that could fuel the LOGI CHAIN ecosystems (smart contract payment transaction systems ). Here, the logistics players will apply it to achieve admittance to and purchase the seamless and integrated shipping processes.
Smart Containers Token Sale (ICO )
Both from the coins have their token sale planned out. Below, We‘re listing the knowledge on each the strategies.
SMARC Coin token sale :
- Total token supply : 150m
- Tokens offered in ICO : 120m (80% )
- Hard Cap : USD $36m
- Full token price : USD $0. 432 per SMARC
- LOGI Coin token sale :
- Total token supply : 100m
- Tokens offered in ICO : 20m (20% )
- Hard Cap : USD $4m
- Full token price : USD $0. 285 per LOGI
- The usage of funds, however, is dividing the purposes into different sections.
The SMARC Coin is estimated to achieve $36 million, from which $15 million would aspire to scaling SkyCell, $13 million would go to the launch and scaling of FoodGuardians, $3. 6 million would aspire to reserves and team gratification, and also the other $2 and $2. 4 million would aspire to developing the smart contracts IT and marketing for both from the companies.
However, the LOGI Coin is estimated to achieve $4 million, from which $1. 5 million would navigate to the initial IT development costs (open source ), another $1. 5 million could be focused upon the LOGI Foundation setup and running costs, while $1 million will certainly be reserved for marketing investments, finances and fees.
Please read the whitepaper if you need further information about Smart Container & please join Smart Container Official Telegram group if you have any question about their project. You can also visit ANN Thread on Bitcointalk for more information about Smart Container.
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