ShipChain

Overview of ShipChain

  • Shipchain’s Mainnet and “The Foundation” are now rumored to be finished by the end of the first quarter 2020 (was supposed to be by the end of 2019, but that's a luxury John gets by using a scapegoat "unofficial" promoter) which will in turn get the ball rolling on the SHIP token.
  • ShipChain (SHIP) need to build up a completely incorporated framework over the whole production network, from the minute a shipment leaves the industrial facility, to the last conveyance on the client’s doorstep; united in trustless, straightforward blockchain contracts.
  • ShipChain will use Baseline Protocol to help facilitate both fully private transactions on both the public Ethereum network and the ShipChain sidechain, as well as facilitate the flow and synchronization of data between disparate ERP and other enterprise-class systems.
  • ShipChain said they had completed pilots with Purdue and Scandinavian Logistics Partners AB (Scanlog) in logistical tests. ShipChain was financed through an initial coin offering in 2017. This method of funding has virtually been eliminated in the U.S.
  • ShipChain recently launched a new Final Mile delivery platform, Delivery Experience Manager, in an effort to help improve visibility for customers, shorten waiting time and delivery windows, reduce damage claims, and provide a seamless delivery experience.
  • ShipChain, a local business founded in 2017 by Clemson University alumni John Monarch, has found an innovative use incorporating blockchain technology into a software solution providing more transparency into the logistics of shipping.
  • ShipChain utilizes blockchain-an electronic transaction ledger for cryptocurrencies which include bitcoin- and works like a chain of digital “blocks” that contain records of transactions that never go away and cannot be edited.
  • ShipChain is donating up to one Petaflop of computing power – approximately one quadrillion calculations per second – to assist Folding@home scientists attempting to find the cure for the COVID-19 pandemic.
  • ShipChain will provide the first app for cargo booking, and shippers will be able to log on and place an order from Point A to Point B, then view detailed breakdowns of the expected costs.
  • ShipChain already has key partnerships with industry leaders, including ScanLog, CaseStack, Zinnovate, ParcelLive, KeepTruckin, DistiChain, GTX Corp, and the World Economic Forum.
  • Blockchain

    It is unclear what monetary impact this partnership will bring to both services.  John Monarch, CEO of ShipChain, was interviewed after his company announced today that it would enter a new partnership with Distichain, a blockchain start-up trade finance company. ShipChain will use its blockchain platform to identify and track shipments for Distichain’s clients in the Middle East Region.

    Mine

    In the trucking industry, drivers must have an electronic logging device in their trucks containing access to cellular and GPS data and the number of actual driving hours.With ShipChain, companies can get even more granular by recording data such as temperature, humidity and light sensitivity to determine when and how many times the delivery truck door has been opened.

    Network

    Other partners include Direct Outbound, a full service warehousing and fulfilment center, and Influencive, a media outlet.ShipChain has already partnered with Perdue Farms, one of America’s largest chicken, turkey, and pork processing companies with annual sales exceeding $6 billion.ShipChain has also partnered with Sweetbridge, which sponsors the development of blockchain-based economic protocols and applications to transform high-friction global supply chains into liquid value networks.

    Support

    ShipChain joins the Baseline Protocol initiative as a part of our continued commitment to supporting public blockchains and overall goal of bringing trust to global supply chains.

    Transactions

    ShipChain utilizes blockchain-an electronic transaction ledger for cryptocurrencies such as bitcoin- and works like a chain of digital “blocks” that contain records of transactions that never go away and cannot be edited.This is a shift from traditional software where the data could be erased or manipulated throughout the process.

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    Did you have to make difficult choices, and what are the lessons learned?

    John Monarch: Everyone has difficult decisions to make from time to time, but over the years, I’ve learned the importance of decisiveness.While I am by no means a proponent of impulsivity, I’ve come to realize the need to make a carefully thought out decision and not waver.In my experience, I’ve seen that going back and forth can often lead to the worst possible outcome with no proper resolution.

    First of all, how are you and your family doing in these COVID-19 times?

    John Monarch: We are doing as well as expected, though we have a real itch to start traveling again.I think we all are reaching the point where we want some sense of normalcy while working within the safety guidelines for preventing transmission.

    How do I buy ShipChain?

    It is not possible to buy all cryptocurrencies with U.S.dollars.Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S.dollars using Coinbase or BlockFi.Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including ShipChain.

    How Do ShipChain Tokens Work?

    ShipChain will release SHIP tokens.You’ll need to hold at least 1 full SHIP token to access the ShipChain blockchain for tracking shipments and booking freight.

    How do you deal with stress and anxiety? How do you project yourself and ShipChain in the future?

    John Monarch: Taking time away from thinking about work is essential.Founders and entrepreneurs often get stuck in the work mindset 24/7 because they feel a direct connection of their productivity to the company’s growth.It’s critical that you have outside hobbies, activities, exercise, and just time to recharge.

    How Does ShipChain Work?

    ShipChain aims to solve all of these problems using a blockchain-based solution.Basically, that solution involves tracking shipments by recording shipping data on an immutable blockchain.ShipChain uses the Ethereum blockchain to unify shipping data.

    How does ShipChain innovate?

    John Monarch: Innovation isn’t a process you can formalize or easily write down – a lot of what we do comes from the problems we hear from customers, people in the logistics industry, from thinking on our past experiences and how we would’ve made things easier.Creativity drives innovation more than processes.So anyone expecting to formalize innovation will be sorely disappointed.Encouraging creativity and hobbies outside of the workplace is a great way to foster the kind of creative thinking that drives innovation, and that’s a big part of our company culture.

    How the coronavirus pandemic affects your business, and how are you coping?

    John Monarch: We see a substantial uptick in interest from companies with critical supply chain needs, especially in food and pharmaceuticals.These supply chains have been driven to their breaking points due to COVID-19.Further, professionals have identified that visibility and trust need to improve to prevent such a break in the future.This definitely has people thinking about blockchain, now more than ever.Other than that, it was a fairly smooth transition to working remotely, and I’m extremely impressed by what we have accomplished during this time.

    ShipChain – SHIP ICO Freight Transportation Logistics Blockchain?

    ShipChain aims to disrupt transport and logistics using blockchain technology.Find out how it works today in our review.

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    What are perks and other benefits like at ShipChain?

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    What coins are similar to ShipChain?

    The following coins use ShipChain’s ETH Token algorithm and proof-type: Chainlink, THETA, Binance USD, DREP, DREP [old], PancakeSwap, Aave, FTX Token, Maker, Crypto.com Coin, Huobi Token, Dai, Polygon, Chiliz and Holo.

    What do you think about the ShipChain today?

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    What hashing algorithm does ShipChain use?

    ShipChain is a coin that uses the ETH Token algorithm.

    What Is ShipChain?

    ShipChain, found online at ShipChain.io, is a transport and logistics platform built on blockchain technology.The company’s goal is to make transport and logistics more effective, secure, and transparent.

    What is ShipChain?

    ShipChain is an Ethereum-based shipment tracker platform.The ShipChain system is fully integrated across the entire supply chain, from the moment a shipment leaves the factory, to the final delivery on the customer's doorstep.The ecosystem will encompass all methods of freight, and will include an open API architecture that can integrate with existing freight management software.SHIP is an ERC20 token that serves as a currency on ShipChain's ecosystem.

    What is the Reddit page for ShipChain?

    The official Reddit community (subreddit) for ShipChain is r/shipchain.

    What is the value of ShipChain?

    One ShipChain (SHIP) is currently worth $0.01 on major cryptocurrency exchanges.You can also exchange one ShipChain for 0.00000009 bitcoin(s) on major exchanges.The value (or market capitalization) of all available ShipChain in U.S.dollars is $2.43 million.

    Where can I get ShipChain wallet?

    ShipChain produces its own wallet software that is available for download on its website, which allows you to store ShipChain on your computer.For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X.If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

    Who are your competitors? And how do you plan to stay in the game?

    John Monarch: We like to joke that our biggest competitor is pen and paper, but it’s true.The supply chain space is notoriously slow to adopt new technologies.It is still using archaic data management tools so that data can easily be tampered with or misplaced.That is why one of our biggest pillars.

    Who’s Behind ShipChain?

    ShipChain is led by John Monarch (CEO), who is also the founder and CEO of Direct Outbound, one of the largest fulfilment/3PL companies in the Southeast United States.

    Your final thoughts?

    John Monarch: Everything that has happened this year has been unexpected, to say the least.That said, we’re all making do as best we can, and I’m proud to be leading such an extraordinary group of individuals.I look forward to seeing what the future holds in store for us, and I appreciate your interest in our company and platform.

    Your website?

    https://shipchain.io.

    History of ShipChain