CargoCoin

CARGO COIN is a smart contract crypto currency platform that revolutionizes  global trade  and transport by facilitating and optimizing the interactions amongst traders, foreign forwarders, shipping lines, booking agents and other parties involved in the international trade and transport of commodities and cargoes.

PROS:

• Reduced fraud: The use of the Cargo coin eliminates the risk of fraud as all the payments within the platform are effected after the parties pre-set conditions are met  and the payment  proof  is publicly available for further reliability
• Lower costs: The platform enables different types of transport  to be easily interconnected which significantly reduces the cost incurred by the users  as compared to high percentages  and print fees charged through the transportation process through banks, couriers, agents and brokers
• Minimal delays: The use of cargo coin eliminates delays at the terminals by providing instant exchanges, reviews and approval of documents and payment between the parties involved
• Security: The platform through the use of block chain hashing algorithm technology  enables it to securely store user information hence preventing any leakage to the intermediaries
• Transparency: The platform allows for full publicity of the transactions  details that are visible to all the parties involved and the public which further  increases the platform trust
• User friendly: The platform flexibility allows the parties involved to easily select the terms that they choose to interact with as well as eliminating language barriers hence increasing the number of participants in the ecosystem
• Good team: The platform  team consist of highly motivated and qualified members with experience in relevant field  enabling easy implementation of the project

CONS:

• The  cargo coin doesn’t give the user legal rights on the platform
• The platform lacks a mobile application which easily integrates all the available transport methods enabling the users to easily check in the available methods
• The  CRGO token funds raised during the pre-ICO stage lacks warranties

SUGGESTIONS:

• The platform CARGO token raised during the pre-ICO stage should be insured to avoid any loses
• The token use should empower the holders enabling them to take part in the platform decision making processes

NOTE:

The use of Cargo Coin revolutionizes the trade and transport through the provision of secure, transparent and accountable real time transactions eliminating any exploitation from intermediaries making the platform viable. I would highly invest in this platform as it has a high returns from its usage.