Shipowner.io (SHIP) ICO
The world's first distributed ledger platform for maritime assets and services that democratizes ownership and operation of marine assets.Whitepaper
Revolutionizing ownership of the marine industry
Registration & Verification process is mentioned in the link below:
Anyone, anywhere, at any time can now participate in any part of a capital structure backed by real-world maritime assets and services. Participation is broken down into tiny fractions, depending on the underlying asset or service, versus traditional financing routes, which involve millions of dollars per ticket, usually provided by large liquidity providers such as banks, private debt players, high net worth individuals and other financial institutions. In summary, this platform democratizes the way ships are owned, sold and operated.
Built-in efficiencies in the platform bring down overall costs in a transaction while diminishing the role of the intermediary. Furthermore, the system allows for extreme levels of transparency, something which is not usual in the shipping industry. The diversification possibilities are also endless, without having to go through the cumbersome process of physically buying or selling ships or requiring permission from other participants. Anyone with a small budget can now achieve the levels of diversification, which were reserved for a select few with bottomless pockets.
The platform aims to disrupt industry consolidation, allowing smaller shipowners a level playing field versus their larger counterparts, thus creating an environment for the better operations to win. Financing and crew costs can be further optimized, through equitable revenue sharing models.
For shipowners the asset monetization process is straightforward. Following an initial evaluation, employing asset selection based on Artificial Intelligence algorithms and proprietary risk-reward models, final terms are agreed upon. The asset(s) is then transferred to a dedicated legal structure, tokenized and divided into fractions, at a low cost versus bank financing or capital markets. These fractions are then bought by
Easing the entry of non-crypto participants, the platform provides dedicated wallets which are unique to each participant. These wallets will be used to buy/sell within the platform and store SHIP tokens, in addition to other fractional assets and services. Meanwhile, the company is working on the next phase of its development – the online exchange. This exchange is expected to begin testing in 2Q2018 and will facilitate direct, seamless transfer of one portion with another. This provides exit possibilities to participants, without having to physically sell a ship. Currently, such a possibility does not exist at a broken-down-fractional-level.
Unlike other entrants,
The team behind