ShipChain
The team said its logistics work would remain open source
A blockchain logistics platform using SHIP tokens for freight tracking and transactions.
- Capital raised (announced)
Funding
| Round | Date | Announced | Investors |
|---|---|---|---|
| SHIP initial coin offering | Unknown | Not disclosed |
Announced is what was said at the time. Cash actually received is rarely disclosed and is not assumed to match.
People
| Name | Role | Period | Now | Last checked |
|---|---|---|---|---|
| John Monarch | — | Chief industry officer, Pesti Group | Oct 2026 |
Timeline
July 2020
Cointelegraph reported that ShipChain launched its mainnet in late July.
How it ended
ShipChain said its settlement payment left it without sufficient resources to continue and that it would cease operations. FreightWaves reported the company’s account; this does not establish how all earlier funding was spent.
Still alive
Open spot
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Sources
4 sources behind this page.
- 1SEC scuppers ShipChain’s $27M ICO and fines the firm its last $2M · Cointelegraph · Dec 2020
- 2Logistics provider ShipChain, which built on blockchain, shutting down after big payment to SEC · FreightWaves · Dec 2020
- 3RocketReach: professional biography · RocketReach
- 4Tive: professional biography · Tive
Every figure above is clickable and opens the sources behind it. Copies were stored when each source was read, so a citation still resolves after the page it came from is gone.