Company said sale of its SHIP tokens was not an unregistered securities sale, but government agency disagreed
ShipChain’s public mainnet integrates the trust of public blockchains with the scalability and throughput needed by enterprise supply chains, according to CEO John Monarch.
Scanlog, a Scandinavian logistics company will use ShipChain’s technology to improve visibility into its trucking operations, and plans to monitor up to a dozen Scanlog trucks by the end of the year.
Microsoft and IBM’s enterprise blockchain projects consume a lot of media bandwidth, but there is more exciting and ambitious work being done in transport and logistics by a thriving community of startups.
ShipChain, a South Carolina-based blockchain logistics startup, successfully resolved a dispute with the Securities Division of the South Carolina Attorney General’s office. A cease and desist order entered in May was vacated yesterday.
ShipChain, a startup hoping to integrate global shipping logistics on the blockchain, has been hit with a cease-and-desist order from the Securities Division of the South Carolina Attorney General’s Office. The order regards the $30M presale of the company’s token, SHIP, which ended in January 2018.
Call it the Internet of Things, the Sharing Economy, a result of the ELD mandate, or the emergence of blockchain-style applications, but we are witnessing a digital gold rush when it comes to developing technologies bent on improving supply chains.
With its ICO in mid-January, Shipchain is poised to present the transportation industry with a new way of doing business.
ShipChain, the blockchain platform disrupting the trillion-dollar freight industry, announced its membership in the Blockchain in Trucking Alliance (BiTA.) In doing so, it also made clear its intention to partner with other major players in the logistics space, like UPS, in order to scale unified transport management as far and wide as possible.
