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The supply chain market is one of the most heavily-valued market and Shipchain is aiming to hit the bulls-eye on this profitable niche. The market is currently valued at about $10 trillion and it's expected to rise by 50% on the upcoming years.
With fully integrated system equipped with open API architechture, Shipchain already works with existing freight management softwares and it makes everything related to the logistics & transport a hell lot easier.
It provides:
Shipchain works on Ethereum blockchain and the whole process of logistics & transport is initiated through smart contracts so it's more secure and safe than the traditional systems because the information about geo waypoints, loads, and other basic information is recorded and publicly validated in the sidechain. When the delivery is confirmed the information is publicly published on the blockchain. This decreases the risk of loss and theft.
The SHIP tokens will be used for the freight payments allowing better payment system as compared to fiat.
The team and advisors backing up this project are well-experienced and Shipchain is working with a lot of reputable partners like:
It's a promising project and you can learn more about it here : https://shipchain.io/
