The CargoCoin project strives to solve the existing problems faced by the global trade and transport industry, by providing solutions deployed on blockchain technology and following a decentralized approach.

CargoCoin' Solutions

Some of the solutions provided byecosystem are as follows: -

S1. Reducing Fraud - The CargoCoin project aims to minimize the risk of fraud or completely avoid it by holding payments till the pre-set conditions made by counter parties are met and the proof of payment (PoP) is made publicly available or secured in a smart escrow utility. S2. Reducing Costs - CargoCoin project significantly reduces costs compared to high commissions and fees involved in the whole process involving banks, logistics service providers, brokers, insurers, agents, shipping lines, etc. S3. Minimizing Delays - CargoCoin avoids the delays by providing instant exchange, review and approval of documents and payments between the parties involved. As per 'United Nations Conference on Trade and Development (UNCTAD)', it is estimated that payment delays alone cost around $ 19 billion per year in losses. S4. Increasing Trust - The CargoCoin ecosystem is hosted on the Ethereum blockchain network, a decentralized infrastructure which provides a trusted and proven technology. S5. Securing Data - CargoCoin provides a secure network which relies on the blockchain’s proven hashing algorithm technology. It eliminates intermediates such as banks, brokers, agents etc., thereby eliminating any possibility of leakage of confidential and personal sensitive data. S6. Safe Archiving - CargoCoin relies on the blockchain technology which allows transparency and provides full historic storage of all transactions ever conducted, thus avoiding any risks due to physical loss or destruction of paper documents.

CargoCoin' Ecosystem Key Participants

Traders, importers, exporters, charterers

Private individuals

Freight forwarders

NVOCC (Non-vessel operated container carriers)

Container lines

Booking agents

Ship owners / ship managers / ship operators

Ship brokers

Ship agents

Cargo / vessel / transport equipment Insurance companies & brokers

Warehouses / storage facilities

Customs agents

Independent cargo surveyors / superintendents / port captains

Ship chandlers, suppliers and service providers incl. provisions / technical / nautical

Seafarers / crew

State authorities (last but not least, although admittedly it will take some time especially in the developing world countries)

Ship classification societies, flag state administrations

CargoCoin (CRGO) Tokens

TheTokens will be the utility token used on theplatform. Theecosystem will be hosted on the Ethereum Blockchain Network and thetokens will be ERC-223 compatible tokens.

A total of 100 million CRGO tokens will be issued during the ICO phase. The ICO phase is broken down into 2 stages: -

Pre ICO Stage

Start Date - 1st Apr '18 @ 00:00 ||| End Date - 15th Apr '18 @ 23:59

Soft Cap - $ 5 million

Price - $ 1 CRGO = $ 0.5

Tokens Issued - 10 million CRGO

ICO Stage

Start Date - 16th Apr '18 @ 00:00 ||| End Date - 15th May '18 @ 23:59

Soft Cap - $ 55 million

Price - $ 1 CRGO = $ 1.0

Tokens Issued - 55 million CRGO

The total coincap is estimated to achieve target of $ 60 million post the completion of the CargoCoin ICO.

CRGO Token Distribution

CargoCoin Project Fund Utilization

The CargoCoin project has received high ratings from reputed ICO tracking websites.

ICO Review Links: -

CONCLUSION

Thus, the CargoCoin project is one of the most promising and conceptualized projects aiming to disrupt the global trade and transport industry by solving the current challenges faced by it through deployment of blockchain technology and using a decentralized approach. The CargoCoin project is designed to build a smart contract platform driven on crypto currency.

For more information on the CargoCoin project, please refer the following links: -

*Website: https://thecargocoin.com/

*Whitepaper: https://thecargocoin.com/docs/CargoCoin-Whitepaper.pdf

*Facebook page: https://www.facebook.com/thecargocoin/

*LinkedIn page: https://www.linkedin.com/company/cargocoin/

*YouTube channel: https://www.youtube.com/channel/UCH6E328MCvBIKeHe71Yf16A

*Twitter: https://twitter.com/thecargocoin

*Bitcointalk: https://bitcointalk.org/index.php?topic=3224289

*Medium: https://medium.com/@thecargocoin

*Telegram channel: https://t.me/thecargocoin

*Telegram supergroup: https://t.me/thecargocoingroup

*Slack: https://thecargocoin.slack.com/

*Reddit: https://www.reddit.com/user/thecargocoin