Question 1

What is the current price of ShipChain (SHIP)?

Accepted Answer

The current price of ShipChain (SHIP) is A$ 0.00023439. It has increased by +0.00% in the past 24 hours and has a current 24-hour trading volume of 3.4.

Question 2

What is ShipChain (SHIP)?

Accepted Answer

ShipChain is a blockchain-based platform that aims to revolutionize the shipping and logistics industry. Utilizing Ethereum blockchain, the platform's "Track and Trace" system provides a unified shipment tracking system. The system allows users to track shipments through various cryptographic waypoints that are recorded on a sidechain. This allows for greater visibility across the supply chain, easing communication between shippers and carriers. The completed contract is stored on the main blockchain upon the delivery and confirmation of the shipment.

Question 3

Who are the creators of ShipChain?

Accepted Answer

While specific individual names may not have been disclosed, ShipChain was created by a team of experts who recognized a need for more transparency and efficiency in the logistics and shipping industry. This led to the development of the ShipChain platform and the innovative "Track and Trace" solution.

Question 4

How does ShipChain (SHIP) work?

Accepted Answer

ShipChain (SHIP) works by using a system it calls "Track and Trace" which operates on the Ethereum blockchain. This system uses a sidechain to track individual, encrypted geographic waypoints across each smart contract. The information about the 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.

Question 5

What makes ShipChain unique?

Accepted Answer

There are two main unique selling propositions of ShipChain. The first one is its sector-specific focus on freight and logistics and the second one is its ability to leverage the Ethereum blockchain to increase the transparency, reliability, and efficiency of shipping transactions. ShipChain's "Track and Trace" system enables the tracking of shipments across all methods of freight in an open API architecture that can integrate into existing freight management software.

Question 6

How secure is the ShipChain platform?

Accepted Answer

The ShipChain platform is designed with a high level of security. The records of shipments are encrypted and only the parties involved in the shipment can interpret the meanings of the cryptographic waypoints. Basic information is recorded and publicly validated within an Ethereum-based sidechain, which is designed to combine transparency, encryption, and smart contract technology. Although it’s important to emphasize that no system is entirely immune from threats, the ShipChain platform does make every effort to prioritize the security of its users' data.

Question 7

How many ShipChain (SHIP) coins are in circulation?

Accepted Answer

Currently, there are  SHIP coins in circulation.

Question 8

How is ShipChain's technology upgraded?

Accepted Answer

Much like other blockchain-powered solutions, ShipChain's platform and technology undergo ongoing upgrades and improvements to keep pace with industry advancements and to provide the most efficient and secure tracking solution. Their open API architecture provides a level of flexibility to adapt with changing technological environments in the shipping and logistics sector.

Question 9

Where can I buy ShipChain (SHIP)?

Accepted Answer

ShipChain (SHIP) can be purchased on the following exchanges: HitBTC, IDEX, Gate.io.

Question 10

How can I keep my ShipChain (SHIP) secure?

Accepted Answer

In order to keep your SHIP tokens secure, it is highly recommended to store them in a secure wallet rather than leaving them on an exchange. Additionally, always be wary of phishing attacks and never disclose your private keys to anyone. Regular backups are another crucial protective measure.

Question 11

Can I use ShipChain with existing freight management software?

Accepted Answer

Yes, ShipChain is designed with an open API architecture meaning it can integrate with existing freight management software. This makes it a versatile solution for many businesses in the freight and shipping industries.

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