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ShipChain (SHIP)

ICO

Logistics and transportation industry end-to-end technology platform powered by blockchain technology

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Overview

Project industryTransport
FoundedUnited States

Technical details

The ShipChain Contract is an Ethereum EVM smart contract that can be duplicated and used by anyone to orchestrate a shipping escrow on the distributed ledger.

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What is ShipChain

 Key Problems 

  • POOR TRACKING
  • Tracking problems lead to confusion among carriers, failed handoffs, failed deliveries, and even lost shipments – the cost of which is ultimately passed onto shippers.
  • LACK OF TRANSPARENCY
  • Due to fragmentation, uncertainty, or to protect exclusivity, brokers can’t or won’t provide shipper's full visibility into what driver & carrier is carrying their freight.
  • NO ACCOUNTABILITY
  • The US Federal Bureau of Investigations estimates annual cargo theft losses exceeding $30 billion USD (2016) and rising. The largest source of these errors are handoffs.
  • MIDDLEMAN MARKUP
  • While brokers & forwarders are the source of most problems in shipping & logistics, they typically charge a significant premium: sometimes 30-50%.
  • MISALIGNED INCENTIVES
  • The real root of the aforementioned issues are misaligned incentives: all parties (drivers, brokers) stand to gain from poor tracking thanks to deniability.
  • FRAGMENTATION
  • The current state of the shipping & logistics industry is a sparsely connected network of brokers, carriers, and drivers that lack a unified solution.

    Solutions

  • End-To-End Track & Trace
  • The Track & Trace platform unifies tracking across the entire supply chain between all carriers. When there is an issue with the shipment, down-to-the moment data enables rapid response & remedies, preventing domino effects in the supply chain.
  • Full Visibility
  • Blockchain documents every single step in the supply chain on an immutable ledger that cannot be changed or altered after-the-fact. It essentially boosts visibility across the entire supply chain, thereby reducing risks of fraud and theft.
  • Incentivized Responsibility
  • In a trustless & decentralized system, individual players are rewarded for their participation. Operators can be rewarded for using efficient transport routes or delivering goods on time; transporters for obeying speed limits, behaving safely, and observing green fuel economy practices.
  • Platform Parity
  • Due to the nature of smart contracts, brokers are no longer necessary. Blockchain eliminates any middleman markup costs.

    Details

    Pre-sales: Dec 01, 2017 - Dec 31, 2017
    Public sales: Jan 01, 2018 - Jan 06, 2018
    Token supply: 500,000,000 SHIP
    Hard cap: 30,000,000 USD
    Raised: 30,000,000 USD

    Legal

    Blockchain Platform: Ethereum
    Office address: Greenville, South Carolina
    Los Angeles, CA

    Token info

    Ticker: SHIP
    Type: Utility-token
    Token standard: ERC-20
    Token price in USD: 1 SHIP = 0.291246 USD
    Accepted currencies: USD, EUR, ETH, BTC
    Token distribution:
    Sale - 24,2%
    Presale/Sale - 20,8%
    Team - 15%
    Driver Rewards - 13%
    Advisory and Bounty - 12%
    Company reserve - 10%
    Airdrops + Carrier rewards - 5%

    ShipChain Roadmap

    1
    Q4 2017

    Platform under development as of Nov. 2017. Wide-reaching press and marketing campaign (underway.) Token Generation Event pre-sale (complete).

    2
    Q1 2017

    Token Generation Event main-sale (Canceled.) Tokens are distributed. Our freight-tracking pilot program with Perdue Farms rolls out.

    3
    Q2 2018

    The initial Track & Trace platform is integrated with government-mandated ELD devices.

    4
    Q3 2018

    Testing of ShipChain’s Web Platform begins. App development on ShipChain's open ecosystem is promoted to partners.

    5
    Q4 2018

    Track & Trace platform allows carriers to develop their own sidechains. The first version of the ShipChain Web platform is released. Our pilot program is extended into integrated supply-chain testing.

    6
    Q1 2019

    Development of custom sidechains for large carriers on the Track & Trace platform begins. The ShipChain Web platform is integrated with external data sources and additional carriers.

    7
    Q3 2019

    A small carrier is acquired for internal testing to accelerate the adoption and development of our Track & Trace platform. International partnerships are developed to focus on expansion into global sea freight.

    8
    Q4 2019

    Relationships are established with government regulators to cement ShipChain as the favored tracking technology vendor, and enhance ELD compliance. Air and sea freight pilot programs are initiated.

    9
    Q1 2020

    Community open source projects are sponsored to accelerate app development on the ShipChain blockchain. Extensive custom sidechain research is concluded for 3PLs and large shippers with internal fleets.

    Project team

    John Monarch
    John Monarch
    CEO
    John Monarch linkedin
    Lee Bailey
    Lee Bailey
    CTO
    Lee Bailey linkedin
    Sam Rusani
    Sam Rusani
    CRO
    Sam Rusani linkedin
    Brian Evans
    Brian Evans
    CMO
    Brian Evans linkedin
    Roger Crook
    Roger Crook
    CSO
    Roger Crook linkedin
    Magnus Dufwa
    Magnus Dufwa
    Lead Developer
    Magnus Dufwa linkedin
    Clinton Senkow
    Clinton Senkow
    VP of Partnerships
    Clinton Senkow linkedin
    Julian Zegelman
    Julian Zegelman
    Legal Counsel
    Julian Zegelman linkedin
    Dallas Meie
    Dallas Meie
    VP of Operations
    Dallas Meie linkedin
    Cherie Aimée
    Cherie Aimée
    VP of Community Management
    Cherie Aimée linkedin
    Shawi Ghaderi
    Shawi Ghaderi
    Executive Assistant
    Shawi Ghaderi linkedin

    Advisors

    Chris Perdue
    Chris Perdue
    Kevin Harrington
    Kevin Harrington
    Al Pettenato
    Al Pettenato
    Steve Schoch
    Steve Schoch
    Brandon Adams
    Brandon Adams
    David McCarville
    David McCarville
    Derin Cag
    Derin Cag
    Bryan Larkin
    Bryan Larkin
    David Andre
    David Andre
    Justin Wu
    Justin Wu
    Fred Von Graf
    Fred Von Graf
    Joel Comm
    Joel Comm
    Travis Wright
    Travis Wright
    Xavier Kochhar
    Xavier Kochhar
    Justin Garcia
    Justin Garcia
    Irish McIntyre
    Irish McIntyre
    Simon Bogdanowicz
    Simon Bogdanowicz
    Jesse Tevelow
    Jesse Tevelow

    Social media

    ShipChain web-siteShipChain MediumShipChain TelegramShipChain InstagramShipChain LinkedInShipChain TwitterShipChain Facebook

    MVP

    MVP URL

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