SHIPIT

Safety and reputation

Shipit finds the questions of safety to be the pivotal ones, therefore, we have come up with a very strict criteria for picking senders and travelers. Deposits, multi-factor verification, smart contracts and blockchain, reputation system, real-time photos – we have thought everything in order to make the app safe and attractive. In case of breach of rules and requirements, going through verification procedure for the second time will be incredibly demanding, almost impossible.

Deposits

Deposits serve as an insurance for a shipment in case of theft, loss or damage. It is a reasonable solution for both travelers and senders. Senders understand that in case of force major they will be duly compensated and travelers are aware of that in case of any incompliance with the rules and requirements or gross negligence they will not be refunded the money deposited, they will lose access to the app and will not be able to earn money.

Smart contracts

Smart contracts serve as the best way of automatization of the system without moderators’ participation. All transactions will be subject to smart contracts. Thus, the app will be fitted with impeccable mechanisms of security and transparency. The history of all transactions will be infinitely stored on the blockchain. 

Factoring

Traditionally, factoring is a service provided by factoring companies or banks that are willing to accept the risks of payment delays. Shipit factoring solves the issue of mandatory deposit for shipment's safety payable by a traveler as an insurance. Shipit makes a deposit for the traveler – only a small factoring fee is required.

Note: Although, delivery of high-value items may seem more complicated, this is compensated by higher fees.

Sharing economy and profiles

According the research by BlaBlaCar, one of the cornerstone issues of collaborative consumption is trust. Sharing services have actually been quite successful in tackling it. 80% of users nowadays are ready to trust a stranger in case his or her profile includes a photo, short biography, record of interactions with other users and reviews. In three to five years from now on everyone will use sharing services since everyone will have a universal profile with a well-established reputation. By integrating sharing economy principles, Shipit gains the capacity to give users the following advantages:

1. No customs charges or taxes, if the item fits green channel requirements.
2. Lower probability of theft or damage.
3. Shipping to individuals and legal entities.
4. Lower costs than when using delivery services.
5. Personal communication with delivering travelers.
6. No paperwork and bureaucracy.
7. Sender does not overpay for brand and promotion.
8. Sender's money is fairly distributed within the system instead of being transferred to corporations.
9. Travelers manage their luggage more efficiently.
10. Travelers contribute to the world.