QuasaCoin: revolution coming to the transport industry
The inherent fragmentation and complexity of the international cargo shipping ecosystem poses a number of challenges, which are compounded by the fact that about 80% of all logistics operations are carried out by intermediaries.
Problems within the industry are compounded by the fact that, while freight shipping is worth an astonishing $380bn in 2017, according to United Nations Conference on Trade and Development (UNCTAD), the industry as a whole has not advanced in sync with technology. By and large, paper-based logs and manifests still reign supreme worldwide.
Quasa is proposing a technologically sound revolution, based on the blockchain, to optimize the interactions between all the elements involved in the cargo shipping chain.
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