Approaching Logistics From a Software Perspective with Cargo Coin
Here’s a different perspective on the shipping and logistics industry.
Shipping and logistics is a hard and antiquated business. Paper, physical document transfers via courier, photocopies, phone calls. From what a number of people in the industry have said, the industry just moved towards email in the last few years.
Needless to say it’s a slow moving industry, much like those massive Ocean Freighters that cross the world.
This makes it ripe for opportunity from a variety of different angles. If you haven’t seen the episode with Smart Containers – you should take a look: https://www.youtube.com/watch?v=-aw3QuYnknc
– as they’re approaching the exact same industry, but from a completely different angle – the hardware side of things.
What Cargo Coin is looking to do – is tackle the hard document components first. They’ve come at things from a software perspective – aiming to solve document transfers, tracking, checkpoints and more – all via the blockchain.
Join me Cahill (sounds like K-hill) as I chat with Bogomil Alexandrov, Founder and CEO of CargoCoin.
In Part 1 of the Interview we cover the standard questions – although Bogomil dives in and directly answers a couple of my questions for Part 2.
- why the shipping industry is ripe for software disruption
- the most challenging part about tackling an antiquated industry
- how and why blockchain based software needs to be broken up to be adopted here
- how the shipping industry will progress with different solutions available
- why Bogomil and his partner are taking charge in this industry
- and much much more…
In Part 2 of the Interview I dive a little deeper. Owning my own eCommerce companies, dealing with the logistics industry, and having read the white paper – I wanted to know more. We cover:
- shipping areas they’re directly targeting to start and why you can’t target the entire world to start
- partnerships in more depth (like IBM)
- why the LOC (Letter of Credit) is so critical in the logistics industry – and why they’re looking to remove it with a blockchain solution first
- how they plan to overcome potential outside influence
- the development schedule (and why you won’t find anything on github just yet)
- when the initial launch is coming
- and much more…
Hope you enjoy the interview!