What Is ShipNext?

ShipNext is a blockchain-based company uniquely positioned to disrupt the maritime and shipping industry and offer it a significant additional value. ShipNext will connect the industry participants through a digital shipping marketplace that features real-time and transparent pricing, improved access to supply chain data and analytics, advanced tracking of shipment and freight, and finally the automation of routine operational tasks.

The implementation of blockchain technology on ShipNext’s marketplace will enable the company to expand its footprint in the international logistics industry through the provision of innovative solutions. Some of the markets that ShipNext aims at directly impacting include supply chain analytics, credit supply market, trade auctions, and trade finance.

The data used by ShipNext is collected from the commercial activity of VARAMAR and VELES BULK and other sources to ensure that it is reliable. That data includes detailed descriptions of over 50,000 ships that have over 24,000 Open positions at any given moment and data on over 4,000 ports worldwide.

ShipNext also features 85 interconnected databases generated by advanced technology and strong user integration. Ship-owners, Ports, Terminals, and other service providers will have access to the databases in order to have accurate real time information flow regarding their role in the supply chain.

ShipNext will use advanced matching algorithms to enable the matching of cargo with the most suitable transport solution in terms of efficiency. The factors that the matching algorithm will consider will include ship position, the ability to reach the required port by a certain date, stowage, deadweight and capacity, internal Ship dimensions, crane capacity, cargo exclusions, port, draft or flag restrictions, and many more.

Additionally, more advanced matching algorithms are being implemented by ShipNext to enable the loading of thousands of cargo or containers to be loaded onto one or multiple ships. These algorithms will create real time solutions for container booking platform thus resulting in an integrated supply chain.

The ShipNext supply chain is powered by the SHIP token that will benefit market participants, since it will offer them with instant transactions, full transparency, unforeseen flexibility, as well as cost efficiency.

The ShipNext marketplace contains a decentralized database where all industry participants can list all the accepted carriers in the market, thus the increasing the quality standards in the industry.

ShipNext participants who own ships or other modes of transport will have the opportunity to automate the quoting process, which ensures transparency and enables instant pricing in the industry.

Smart Contracts used on ShipNext will document the specifics of the cargo, its delivery, and track the location of the container or cargo. The documents can be sent to all the relevant authorities, which will result in instant clearance, transparency, and automation in the industry.

Implementation of IoT on the ShipNext marketplace will increase the visibility of cargo and reduce theft while also reducing the risk of miscommunication between service providers.

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