Treat yourself to a surprisingly enjoyable read with Blockshipping's whitepaper:
[Sect 3.3]
In addition to not knowing the whereabouts of a significant percentage of the world’s
freight containers, the shipping industry is troubled by several other major problems
which nobody so far has been able to solve efficiently, even though the problems have
been well known in the industry for years. Those problems are:
• Complicated paper flow for leasing and sale of containers
• Outdated IT systems & processes which are prone to delays and errors
• Considerable waste when “shipping air” - not utilising potentially available empty
equipment
• Slow and erroneous collection of fees incurred
• Real-time tracking is, in fact, not REAL time
• Sub-standard customer service to shippers
https://www.blockshipping.io/wp-content/uploads/2018/02/Blockshipping_GSCP_ICO_White_Paper_public.pdf