In today’s world, containers are a crucial part of the logistics industry. They are the main elements in the market which according to many, have no room for more transformations and adaptations.
However, for , which is a new startup based in Switzerland, containers can definitely change and adapt to the current technologies and trends. Founded by Nico Ros and Richard Ettl, Smart Containers is currently a team of several people, all focused on pushing this model through and seeing their company as the next leader in the logistics industry. According to them, the blockchain technology finds a perfect utilization in the shipping and transportation industry.
Increasing demand for smart containers from the logistics and transportation industry is to reduce their risk and act actively throughout the supply chain that drives the growth of the smart container market. However, the smart container required a number of sensors for monitoring that increases its cost, which may hamper the growth of the smart container market. The smart container provides several benefits such as reduce transportation costs, provide security, and has greater transparency. Additionally, it provides real-time data. Henceforth, increasing the adoption of the smart container that drives the growth of the smart container market across the globe.
The smart container is a device that provides real-time tracking, monitoring and provides visibility hence increasing adoption of smart container that raises demand for smart container market. The improvement in technological concern, such as an insulated container for transporting sensitive goods, also fuels the growth of the smart container market. The growing industrialization in emerging countries such as India, China, Japan, and others are heavily demanding smart container for effective transportation that drives the growth of the smart container market.
Usually the use case of any project based on the blockchain has to be valid. In order to display the clear need for the blockchain technology in the logistics industry, we’ll dive deep into individual aspects of the industry and try to display the advantages which can be achieved through the usage of the new technology.
Smart Containers is a fintech company that combines the potential of the logistics and the blockchain industry, integrating them both in a unique way. By adopting the Internet of Things (IoT) methodology, this company has designed safe and temperature-controlled containers that can aid the transport of goods — especially the goods sensitive to heat or pharmaceutical goods.
The end goal of Smart Containers is not to replace the existing logistics model, instead they are trying to transform it into something new and more efficient. The goal is to ensure that the quality of individual goods stay acceptable during their transport and find a safe and secure way to their destination by utilizing the connected transportation containers of Smart Containers.
Leading Companies are,