OceanChain Launches Blockchain-powered Maritime Services Platform

Stocks and Financial Services Press Releases Tuesday January 23, 2018 09:09
SINGAPORE--23 Jan--PRNewswire/InfoQuest
In recent days, OceanChain Foundation announced the launch of its new platform, which uses blockchain technology to offer a 'one-stop-shop' solution to support and simplify maritime trade.
Offerings available on the new OceanChain platform include:
  • A blockchain-powered currency, Ocash, designed to significantly simplify settlement of cross-border transactions, or transactions in international waters
  • Ecommerce trading platform providing access to goods and services, such as fuel
  • Financial services for the maritime industry

The platform is designed to support transactions across the maritime industry lifecycle, from transactions involving fish produce or fisheries services, to maritime satellite communications, to maritime insurance, to financial services such as supply chain financing, etc. It can also support trade in auxiliary services for the industry, such as entertainment services for workers on board ships, purchases of food and beverage, etc.

Nick Trudgen, founder of OceanChain, said, "The global maritime industry is becoming increasingly complex as the volume of cross-border trade increases, yet the industry still largely relies on 20th century support systems. OceanChain is designed to significantly enhance efficiency across the maritime industry by harnessing the power of blockchain technology to address the most pressing needs of this sector. Our platform makes it far easier than ever before for players in the industry to trade goods and services, or get access to the support they need such as financial services or first aid."

Nick continued, "Singapore is the ideal launching pad for this technology because it is at the heart of the world's most vibrant maritime trading industry. Southeast Asia is also one of the most complex regions for maritime trade because of the multitude of currencies and regulatory environments involved across the region. Our aim is for OceanChain to significantly reduce the bureaucracy of maritime trade and to support the growth of the maritime industry in Singapore and across Southeast Asia."

Maritime produce is one of the most valuable sectors in the global food trade, accounting for over 9% of global agricultural products export and 1% of the world's total merchandise trade value. In 2016, the export value of maritime products from developing countries was US$80 billion. This is especially important in the Asia Pacific region, with 84% of 56.6 million people employed worldwide in the fisheries industry living in Asia - creating a huge demand in this region for goods and services for this industry.

Cryptocurrency solution eases cross-border trade
The new platform is underpinned by a unique cryptocurrency, Ocash, which can be used to trade services across the OceanChain platform. Ocash will have a total upper limit of 10 billion units in circulation.

Ocash completed its IEO on the BitThai and Allcoin platforms on January 16th, 2018, with the target achieved within 3 hours. On Bitthai's Qtum session, the target for Ocash was achieved within seconds of launch. For more information about our token distribution, please refer to our whitepaper: https://oceanchain.club/static/pdf/OceanChainEnglish.pdf

Experienced Founding Team and Support from Leading International Investors

OceanChain's founding team includes experts in the marine industry, the international legal sector and blockchain technology. The company was founded by Nick Trudgen, former deputy director of the international department at Deheng Law Offices, and Harry Lukmito, President of Indonesia Marine Fisheries Association and President of PT Sekar Bumi Tbk.

Supported by Leading International Investors

The company's backers include both well-known names in the international blockchain industry, as well as renowned venture and institutional investors, including Patrick Dai, founder of Qtum. Martian, founder of Australian Bank Capital. Duan Xinxing, founder of Bytom Blockchain. Xu Chong, a well-known investor and MBA, Accounting and Finance. Wang Lijie, founder of PreAngel Fund. Qu Lei, Energo Labs CEO and Founder. SAIF Partners, CollinStar, Blockchain Ventures, Nood Capital, Ink Labs Foundation, SpaceChain Foundation, Hua Ying Group, etc.

Contact information
If you would like to know more about the project, please contact us via the various platforms below.
Website: oceanchain.club
Facebook: https://www.facebook.com/ocn.chain/
Telegram: https://t.me/joinchat/EmUWVknGSr_tD7ZqJ4IQOQ
Twitter: https://twitter.com/ocean_chain
Medium: https://medium.com/@oceanchain
Linkedln:https://www.linkedin.com/company/13623171/
Official Email: support@oceanchain.club
Photo - https://photos.prnasia.com/prnh/20180122/2037574-1LOGO

Latest Press Release

AEON partners with JCB to launch AEON J-Premier Platinum Credit Card to offer exclusive privileges throughout Thailand and Japan

AEON Thana Sinsap (Thailand) Public Company Limited partners with JCB International (Thailand) Co., Ltd. to launch "AEON J-Premier Platinum Credit Card" that will allow Thais to enjoy everything Japan, with exclusive privileges and offers in dining,...

China and Europe post double digit increases in RD spending

- China and Europe increase R&D spending the most as global R&D investment reaches US$782bn - 88 companies outperform industry peers on sustained financial success with modest R&D spend - Amazon retains top spot as world's largest corporate...

Photo Release: EXIM Thailand Hosts 6th Council of Specialized Financial Institutions Meeting in 2018

Mr. Pisit Serewiwattana (forth right), President of Export-Import Bank of Thailand (EXIM Thailand), welcomed Mr. Pornchai Triraveja (fifth right), Fiscal Policy Advisor of Fiscal Policy Office (FPO), and Mr. Chatchai Sirilai (fifth left), President of...

Kinesis Money and Allocated Bullion Exchange Explore Creating a Joint Commercial Blockchain Venture with Jakarta Futures Exchange in Indonesia

Today, Jakarta Futures Exchange (JFX), the leading futures and derivatives exchange group in Indonesia, have announced an expanded Memorandum of Understanding (MOU) with Kinesis Money and Allocated Bullion Exchange (ABX). The partnership will seek to...

Photo Release: SCB and Mae Fah Luang University Make Headway for Cashless Society with Smart University Program

"The Siam Commercial Bank (SCB)", the leader in digital lifestyle banking, continues to pave way for a cashless society at universities across Thailand. The partnership with Mae Fah Luang University continues its "Smart University" program. MFU App is...

Related Topics