Shipit is an initial coin offering that seeks to explore this possibility with its own block-based solution to solve the problems associated with the delivery process in the status quo. The company seeks to integrate smart contracts to fulfill billions of shipping orders a year without the intervention required by most large companies to send the package.
The currency used in the application is the Shipit tokens. These tokens, the same tokens that are sold in the crowdfunding campaign, will be used to send and receive packages associated with regular charges that will be valued by the traditional shipping paradigm. The company believes that the use of the central currency will sharply reduce the cost of delivery, especially when the package will be sent to another country.
Shipit uses smart contracts to facilitate transactions with transparency and impartiality.