Future of Cargo Insurance
The cargo insurance protocol for the world.
BUIDL the protocol to help tokenize the insurance of cargo and bring more transparency to the insurance industry. Solutions like permanent track & trace and data analytics already exist, and now it’s time to reinforce them with the power of blockchain so companies can better manage their cargo risk.
Winning Solution: Poort8
An open protocol reducing risk in cargo transport
As there is no secure and controlled data sharing within logistics, there basically is a lot of cargo travelling around the world, and nobody knows where it is. This leads to unclarities, friction and high risk insurance premiums.
The Poort8 solution is an open protocol, so for anyone to implement freely in their internal supply chain, to actually know when for instance cargo has arrived. The user reduces the cargo and companies risk profile and premium, by providing more information to insurance companies about whereabouts, keeping cargo at the right temperature, etcetera.
The technical solution is ready to use today. Blockchain is used now to make sure the solution is scalable and potentially global. It is an open protocol with platform agnostic technology, enabling secure data storage, control over access and an endless scalable network.