Their site: https://ShipChain.io
In FinTech news this week ShipChain's public sale will start mid January 2018.
ShipChain’s Blockchain based transport and Logistics platform is an ideal example of how the Blockchain can disrupt an industry and bring about significant changes in this case using the Blockchain for Tracking and Tracing.
The ShipChain platform unifies shipment tracking on the Ethereum blockchain, using a sidechain to track individual encrypted geographic waypoints across each smart contract. With this system, the meaning of each cryptographic waypoint is only accessible for interpretation by the parties involved in the shipment itself. This gives shippers more visibility across their supply chain, and allows carriers to communincate with ease.
Information about loads, geo waypoints, and other basic information is recorded and publicly validated within the sidechain. On the shipment's delivery and confirmation, the contract is completed and stored on the main blockchain.
Transactions on the blockchain for freight shipments will be paid using the ERC20 SHIP Token, and settled in tokens. The ShipChain Web platform will allow users to pay either directly in tokens they hold, or purchase tokens from ShipChain for booking freight. The system will accept USD, EUR or cryptocurrency payment for accessibility and ease of use.
ShipChain’s Token Generation Event, or "TGE,” is designed to sell an initial supply of Ship tokens, jumpstart the ShipChain economy, and supplement the project funding to accelerate development. There will be a fixed supply of 500 million SHIP tokens that will ever exist. Not all tokens will be in cirulation to start.
ShipChain has a very experienced team with John Monarch in the CEO position, John is the founder and CEO of direct outbound, one of the fastest growing fulfillment/3PL companies in the country, John is intimately familiar with the logistics industry in all aspects.
Some of the other executives include CTO Lee Bailey, a full stack developer and blockchain consultant with deep technical knowledge including smart contracts and decentralized applications. Brian Evans is the Chief Marketing Officer an is an Inc 500 Entrepreneur and was ranked as one of the top influencers in the world by Forbes, Sam Rusani is the Chief revenue Officer, as a serial entrepreneur and blockchain advocate and investor Sam has worked with some of the biggest brands in the world. ShipChain also has a powerful advisory board including Kevin Harrington a pioneer of “As seen on TV” industry and you may remember him as one of the hosts of the original Shark Tank.
ShipChain’s Public sale will commence mid January, you can get more details as their website www.ShipChain.io
You can also watch this video on Reuters Insider Financial Network http://reut.rs/2EW205U
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