Quasa ICO Review: Decentralizing The Cargo Shipping Industry

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Cargo shipping is a complex business involving individual parts working in perfect synergy to ensure the right cargo is shipped and reaches its destination.

Millions of tons of cargo are in transit around the world on any given day. Large machinery, cars, trucks, and goods of all kinds, are moved through shipping lanes from one end of the planet to another. This requires manifests, paperwork, supervision, care, and a combination of sea- & land-based transportation methods.

Transport- and logistics-related expenses account for about 8-9% of a country’s GDP,
which is an immense amount of money. The international cargo shipping
environment is also fraught with issues that derive from its sheer scale. The market is fragmented and riddled with national rules and regulations which hamper the movement of goods between different territories, causing inherent inefficiencies.

Quasa is a new ICO that proposes solutions to global cargo shipping via blockchain technology.

https://www.youtube.com/watch?v=FHJdOSoWbCY&feature=youtu.be

Quasa: enforcing transparency global cargo shipping through the blockchain

The inherent fragmentation and complexity of the international cargo shipping ecosystem poses a number of challenges, which are compounded by 80% of all logistical operations being carried out by intermediaries. These challenges are two-fold: lack of transparency in the fees and commissions charged by intermediaries, and the difficulty in obtaining precise data about the movement, position, and status of the cargo.

Quasa’s proposed decentralization of cargo shipping intends to resolve these quandaries, using blockchain technology to bring transparency to the fees and commissions charged, and to the provision of information about the cargo itself.

Quasa in figures & quick facts

  • Token name – Quasa token (QUA)
  • Total number of Tokens issued – 50,769,000
  • Token worth – 1 ETH = 6,000 QUA
  • Pre-ICO start date – January 15th 2018
  • Pre-ICO end date – February 15th 2018
  • ICO start date – February 15th 2018
  • ICO end date – March 15th 2018

The Quasa token

Quasa will issue its own currency, the Quasa token (QUA), which will be required to interact with the Quasa platform to pay for services.

Once created, the QUA token will be distributed as follows:

  • Services – 65%
  • Overheads – 17%
  • ROI – 10%
  • Payment of PR services – 8%

The team

The Quasa white paper lists nine people, including four advisors.

The core team (excluding advisors) includes the founder, two technical people, and one graphic designer. All team members feature a short bio and a link to their LinkedIn profile.

Social media presence and digital footprint

Here are the numbers for Quasa early February 2018.

  • Twitter – 3,912 followers
  • Facebook – 5,700 followers
  • Medium – 20 followers
  • Telegram – 401 followers
  • Instagram – 10,400 followers

Quasa’s reach on social media appear adequate, but can certainly be improved.

There are a couple of peculiarities: the ICO has a large Instagram base, for example, which is not a very relevant platform for a company involved in logistics and cargo shipping. Quasa should focus more on evolving its presence on Medium and Telegram, with more informative blogs, background info on the team, its progress, etc.

Overall, Quasa’s presence on Social Media ranks as ‘Acceptable’.

Competition

Logistics and supply chain is a popular industry of choice for ICOs, it seems. There are plenty out there whose goal is to become the standard. OriginTrail, which we recently reviewed, CargoX, AIDA, Local World Forwarders, to name just a few, but there are plenty more.

Quasa is entering an already-crowded market where the fight for survival is going to be tough. It remains to be seen how Quasa will stack up against its competitors.

Website quality & layout

Quasa’s website is simple and neat, with a secure SSL certificate.

The text throughout the site is poorly written and needs editing.

White paper

Quasa’s white paper is embedded as a page on the website. The document is also offered for download through a link elsewhere on the site.

The text is clear and neat, with an elegant font and plenty of graphics and statistics to break up the monotony. The grammar used throughout is odd and confusing. A proofreader would have resolved particular issue. There is not to much technical jargon, mathematical formulas, or equations.

Overall, Quasa’s white paper ranks as ‘Acceptable’.

Conclusion

Quasa’s value proposition appeals at many levels. The decentralization of cargo shipping may prompt a revolution in how cargo is moved around the world.

This piece is an analysis of the facts available about the Quasa ICO. It should not be read as offering advice or a recommendation. Any investor who plans to buy tokens during any ICO needs to obtain all relevant independent advice and carry out their own appropriate due diligence.

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