ShipChain Stocks, USD price, market cap

ShipChain is a blockchain-based platform that enables the tracking and tracing of shipments across the global supply chain. The platform is designed to provide enhanced transparency and security to the supply chain industry, while also providing a platform for the development of new applications and services.

The ShipChain platform is powered by a native cryptocurrency, SHIP, which is used to facilitate transactions on the platform. SHIP is an ERC-20 token, meaning it is built on the Ethereum blockchain.

ShipChain was founded in 2017 by John Monarch, a serial entrepreneur and early adopter of blockchain technology. The project has since raised over $30 million in venture capital, and has formed strategic partnerships with some of the largest companies in the shipping industry.

The ShipChain platform is designed to provide a number of benefits to users, including:

• Increased transparency and security: ShipChain’s blockchain-based platform allows users to track and trace shipments in real-time, providing greater visibility into the supply chain process.

• Improved efficiency: ShipChain’s platform is designed to reduce costs and improve the efficiency of the shipping process.

• Reduced fraud: ShipChain’s platform is designed to reduce the risk of fraud and theft, by providing an immutable record of all transactions that cannot be altered or manipulated.

• Improved customer experience: ShipChain’s platform is designed to provide customers with greater visibility into the shipping process, allowing them to track their shipments and receive notifications when their packages have been delivered.

In addition to these benefits, ShipChain also provides users with the ability to develop new applications and services on top of its platform. This includes the development of smart contracts, which can be used to automate certain aspects of the shipping process, such as payments and dispute resolution.

As the platform continues to evolve and develop, ShipChain is expected to become an integral part of the global supply chain. With its enhanced transparency and security, ShipChain is well-positioned to revolutionize the way shipments are tracked and traced across the world.