Scandinavian Launch to track Shipping via Blockchain

A run headed by experienced professionals in the shipping industry is establishing a Blockchain-driven platform
14 May 2018   475

Blockshipping claims its resolve – that is known as the Global Shared Container Platform (GSCP for short) – has what it takes to address remarkable inefficiencies in the marketplace, providing significant economy for businesses throughout the supply chain and reducing the industry’s toll on the environment. Although being a “hugely valuable” sector, Blockshipping affirms the sphere has been suffered for years by security threats, overcapacity and ever-tightening environmental policies – adding that some problems have stayed unresolved for years.

During a 3-4 year time, the Scandinavian firm intends to have 60 percent market range – equating to 16 million shipping containers – and wishes its utility token will turn of the standard currency for transactions between companies working in the industry.

In some weeks Blockshipping is waiting for announcing 3-4 cooperation contracts with different technology partners who will support Blockshipping in expanding the GSCP platform. Blockshipping has declared a partnership with MakerDAO, the establishers of the Dai stablecoin. The cooperation especially concentrates on the internal clearing and settlement token in the GSCP platform called CPT – Container Platform Token – that aims to be stable at all time. The partnership is supposed to accelerate development and availability of the Blockshipping GSCP by using Maker DAO’s proven Dai Stablecoin System to operate the GSCP platform.

We look forward to a partnership with Blockshipping in developing the best possible solution for transforming the container shipping space, where the Blockshipping solutions on the longer term can be “powered by Dai.” We are eager to show that our stablecoin system is perfectly designed for supply chain projects like Blockshipping’s GSCP platform.
Rune Christensen,
CEO, MakerDAO

Blockshipping claims its GSCP platform has been financed by the Danish Maritime Foundation as well as private angels, but an ICO is being presented to “further accelerate the development and adoption” of the ecosystem.

Line to Launch Bibox Exchange in Singapore

Bitbox supports 28 digital currencies, including Bitcoin, Ethereum, USDT, XRP, Litecoin, Ethereum Classic, Bitcoin Cash, Bitcoin Gold, MonaCoin, Qtum and Golem
16 July 2018   140

One of the most popular messengers in Asia Line has launched a Bitbox exchange in Singapore. Trading on the platform started this morning and is limited to pairs with crypto-currencies, Cryptovest reports.

Bitbox supports 28 digital currencies, including Bitcoin, Ethereum, USDT, XRP, Litecoin, Ethereum Classic, Bitcoin Cash, Bitcoin Gold, MonaCoin, Qtum and Golem.

BITBOX is only for trading cryptocurrencies (Digital Tokens). Fiat currencies (USD, KRW, etc.) cannot be exchanged on BITBOX.
 

Bitbox Website

Bitbox charges a 0.1% commission and supports 15 languages, including English, Korean, Chinese, Spanish, French and German. In Russia, the US, Japan and some other countries, the exchange is not available.

At the beginning of the year, Line Group applied for a license to the Japan Financial Services Agency, but the process dragged on because of tightening of the regulator's requirements in the light Coincheck exchange hack. All crypto exchange, wishing to provide services in the Japanese market, are required to obtain permission from the local regulator.

Currently, Line is also in the process of obtaining a license in the US. The company decided to open its first trading platform for crypto-currencies in Singapore, as this city-state adheres to a progressive approach to the regulation of the digital currency sphere.

With cryptocurrency, we are going to take our challenge in financial services global.
 

Takeshi Idezawa

CEO, Line

In May, Line Group denied rumors that it intends to release its own token and distribute it through the ICO. Every month Line is used by about 200 million people. The messenger is extremely popular in Japan, South Korea and Thailand.