ERC20 Token

ShipChain (SHIP)

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 communicate 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.

The ShipChain Web platform allows users to pay either directly in tokens they hold, or purchase tokens from ShipChain for booking freight (accepting USD, EUR or cryptocurrency payment for accessibility and ease of use.) Freight shipments can be paid using the ERC20 SHIP Token, and settled in tokens on the platform.

“Imagine a fully integrated system across the entire supply chain, from the moment a shipment leaves the factory, to the final delivery on the customer’s doorstep; federated in trustless, transparent blockchain contracts. This is ShipChain. The ShipChain platform is based on a simple, yet powerful solution called Track and Trace. Our ecosystem will encompass all methods of freight, and will include an open API architecture that can integrate with existing freight management software.”