About BlocBox

BlocBox is an integrated communication platform that focuses on digitalisation for the maritime industry. This platform is built upon a universal maritime ecosystem on blockchain technology. The transparent nature of blockchain eliminates the need for a third-party intermediary, thereby reducing the costs of transactions, counterparty risks and exchange rate risks.

As Featured On

Problem

The increase in the size of the global merchant fleet as well as development of new maritime technologies bring with them exciting new opportunities. Nevertheless, the maritime industry remains plagued by two main issues.

LOW CREW RETENTION RATE

PROBLEMS WITH INTERNATIONAL MARITIME PAYMENTS

Solution

BlocBox aims to build a maritime ecosystem on blockchain technology which will allow users to access news, content, entertainment and communications as well as facilitate payment transactions in international maritime trade. Transactions within the BlocBox ecosystem will be conducted using a universal maritime currency, the BLX token. The transparent nature of blockchain eliminates the need for a third-party intermediary, thereby reducing the costs of transactions, counterparty risks and exchange rate risks.

BlocBox will create a maritime ecosystem based on blockchain.

Parties to a transaction can create a smart contract on the platform to function as a cost-effective escrow pending delivery of goods and/or services.

Parties can use BLX tokens as the preferred payment currency to greatly reduce exchange rate risks.

Seafarers can access media content through the BlocBox platform. Usage can be tracked and payment for use and access to content can be easily made using BLX tokens.

BLX Tokens Details

Token Allocation

  • 30%IEO
  • 15%Partners
  • 20%Reserves
  • 15%Team
  • 15%Marketing
  • 5%Advisors
  • 60%Research & Develoment
  • 20%Operations
  • 20%Marketing

Roadmap

Q2 2019
  • Project Ideation
    & Validation

The team conceptualized BlocBox and began to collect market feedback in the second quarter of 2019.

Q4 2019
  • IEO Prep Start
    & Completion

With strategic partners, BlocBox began to work on the Initial Exchange Offering. After careful deliberation, Exonium was chosen as the exchange to work with due to high synergistic value.

Q1 2020
  • Completion of
    POC

Once the funds are raised, BlocBox plans to complete the proof-of-concept and begin testing it with ecosystem partners.

Q2 2020
  • Phase 1: Launch of BlocBox
    Maritime Currency

With the deployment of BLX tokens, BlocBox will revolutionize the maritime industry starting with their ecosystem partners. Once a substantial userbase has been secured, BLX can be integrated into the daily operations of all ships to promote and increase crew welfare services.

Q3 2020
  • Phase 2: Launch of BlocBox
    Analytics

BlocBox Ecosystem will allow the collection of a huge quantity of data from vessels, port authorities, regulatory entities, shipowners and other stakeholders. The implementation will involve the use of Big Data, data analytics and AI to parse these data and utilizing them for Fuel Consumption and Optimization, AI-Assisted Visual Maintenance, and Autonomous Vessel Navigation

Q1 2021
  • Setup BlocBox
    Satellite Arm

When the framework and blockchain are deployed live, a special division will be set up to coordinate the launch of the BlocBox Satellite Arm. This will allow for the vertical integration of BlocBox solutions, enabling greater control over the various aspects and streamlining the installation of BlocBox solutions.

BlocBox Team

The Blocbox team has a cumulative 85 years of experience in the maritime industry and 30 years of experience in satellite communications. The background in entrepreneurship for most of them adds to a running total of over USD 3.5 billion in the value of projects handled by the team.

Advisors

team
Capt. Ninad Mhatre
Deputy Managing Director – Zeaborn Ship Management

Capt. Ninad Mhatre

Deputy Managing Director – Zeaborn Ship Management

Capt. Mhatre is a Master Mariner by profession, having started his maritime career in 1979 and then serving in ascending ranks on merchant vessels until receiving command as Master on board in 1994. He served at sea for 20 years, accumulating experience on a wide variety of vessel types. Currently, he is the Deputy Managing Director at Zeaborn Ship Management, a globally operating Ship Manager with about 135 vessels in service, that focuses in shipboard operations, customer management, commercial contracts and marine insurance management.

team
Kirk Vilaimal
Chief Executive Officer – Ship Expert Technology

Kirk Vilaimal

Chief Executive Officer – Ship Expert Technology

Kirk had an education in Computer and Engineering management, with past decade in high experience on maritime ERP solution and satellite communication. Kirk founded and established Thailand base satellite communication in 2015 to deliver maritime end to end solution with new innovative. Kirk is a member of Software Industrial Park Association and NBTC license for Maritime Internet Satellite in Thailand.

team
Roy Kek
Founder - DIFY

Roy Kek

Founder - DIFY

Roy is the founder of DIFY, a PR, and Marketing firm specializing in Blockchain, E-commerce, Gaming and Tech Companies. Roy specializes in creative communications and enjoys crafting out of the box marketing campaigns for projects. He previously held key appointments in the marketing department for Influence Chain and the Institute of Banking and Finance within the Monetary Authority of Singapore. With his visionary insights and industry knowledge, Roy is able to develop value-added strategies oriented to achieve successful next-generation developments.

team
James Hong
Serial Entrepreneur

James Hong

Serial Entrepreneur

An entrepreneur by nature, James brings into the blockchain space, 15 years’ experience of entrepreneurship and business ventures. He started out as a Life Coach certified by the International Coach Federation (ICF), served as Executive Committee in local communities, and non-profit organization in Singapore while venturing into new businesses. He has more than 10 years’ experience in the Marine & Offshore sector, with Hyundai Heavy Industries Co., Ltd. (Engine & Machinery), as a regional distributor. He also started several go-to-market blockchain solutions and will continue contributing to the digitalization & new technology implementation in Marine, Offshore, and Power sector.

team
Priveen Raj Naidu
Strategic Advisor

Priveen Raj Naidu

Strategic Advisor

Priveen was previously the Chief Executive Officer and Mastermind behind Reapra Aviation Partners who formerly worked with AirAsia, Hire N Higher and Temasek Polytechnic. While serving as the Regional Head of Area Development with AirAsia, he was responsible for government negotiations and leading the regional commercial team in branding, marketing and negotiations. Beyond that, Priveen was also a lecturer at Temasek Polytechnic and spent a lot of his time at the institution working with industry partners to formulate and review existing content to ensure standards and policies are aligned to the industry.

team
Alfred Chia
Partner – Squire Patton Boggs

Alfred Chia

Partner – Squire Patton Boggs

Alfred is a partner at international law firm Squire Patton Boggs, based in Singapore.

He has a broad range of experience advising multi-national corporations, funds and start-ups in the tech, fintech and cryptocurrency space, including early stage investments, pre-IPO investments, ICOs/ITOs, setting up funds and pooling arrangements, and the setting up of crypto exchanges.

Alfred is also the global advisory board member of cryptocurrency exchange NCX.

team
Sean Kor
Managing Director – Trinide

Sean Kor

Managing Director – Trinide

Sean is the Founder of Trinide, a technical consultancy firm based out of Singapore. Trinide helps traditional industry leaders with their digital transformation and streamlines the transition into a blockchain-powered ecosystem. Sean's background in computing and four years of blockchain and cryptocurrency experience allows him to provide unique insights into this rapidly evolving sector.

team
Darren Koh Han Lei
Co-founder – Proa Technology

Darren Koh Han Lei

Co-founder – Proa Technology

Having sharpened his skills working in notable blockchain start-ups, Darren has since embarked on a personal journey of entrepreneurship within the tech industry. He is an active blockchain and technologies advocate with speaking appearances on 89.3 (money FM), InvestFair 2018 as well as several blockchain events and has written both white and yellow papers on the topic. Proa Technology is Darren’s newest start-up aimed at elevating the digital operations of the maritime industry.

Strategic Partners

documents

Read Our Documents

Do go through our lightpaper to understand more about BlocBox.

Frequently asked questions

Below we've provided answers to common questions we receive. If you have any other questions, please get in touch using the contact form below.

BlocBox is an integrated communication platform that focuses on digitalisation for the maritime industry. This platform is built upon a universal maritime ecosystem on blockchain technology. The transparent nature of blockchain eliminates the need for a third-party intermediary, thereby reducing the costs of transactions, counterparty risks and exchange rate risks.

Parties to a transaction can create a smart contract on the platform to function as a cost-effective escrow pending delivery of goods and/or services. Seafarers can access media content through the BlocBox platform. Usage can be tracked and payment for use and access to content can be easily made using BLX token. BlocBox intends to onboard stakeholders into the BlocBox ecosystem in phases, starting with such as ship owners and seafarers. Eventually, as the ecosystem matures, players from related industries and government entities will be introduced.

BlocBox Pte. Ltd. (UEN: 201831585M) is headquartered in Singapore.

Yes, we are open to partnership opportunities with the right stakeholders. Kindly send your request to [email protected]

BlocX(BLX) tokens will be a key part of the BlocBox ecosystem, functioning as the primary value carrier within it. Using BLX as a primary means of value transference will assist in cross border dealings, increase transparency across the sector, reduce cash based payments onboard and encourage accountability for all stakeholders.

Our Soft Cap is 3 Million USD. This will be used to develop the BlocBox Solution for the maritime industry.

Our Hard Cap is 12 Million USD. The additional funds raised from hitting the Hard Cap will allow us to develop the BlocBox Solution for the aviation industry.

60% of the funds raised during ICO will be used for Research & Development of the Product, 20% for Marketing & the remaining 20% for day to day operations.

Based on our estimates, the funds raised up to the Soft Cap of 3 Million USD is sufficient to develop the BlocBox Solution for the maritime industry, which includes the use of data analytics to parse maritime-related data. With respect to the aviation industry, the costs for carrying out research and development are much higher due to the complexity and quantity of data captured. The additional 9 Million USD raised for the Hard Cap will be needed to develop the BlocBox Solution for the aviation industry.

Yes, the total supply of tokens is capped at 250,000,000 BLX Tokens.

Yes, you can buy BLX Tokens using Fiat Currency. Just drop us an email at [email protected] for more details.

The BlocBox ecosystem is powered by a combination of cutting-edge technologies, including Blockchain, Internet of Things, Big Data Analytics and Artificial Intelligence. We are your primary source for providing data analytics in a safe, secure and tamper-proof environment.

Yes, we have a patent pending status for the Blocbox Solution.

Yes, the complete infrastructure of BlocBox is based on Blockchain. Hence all the nodes as well as the data flow are completely secure and resistant to any cyber threat.

The underlying technology used is IBM Hyperledger.

Yes, our BlocBox device is compliant to the IEC regulations.

The BlocBox Blockchain Protocol is a hybridised blockchain using Hyperledger and a modified BigChain DB. The public main chain is built on Hyperledger Fabric using Federated Byzantine Agreement (FBA) consensus algorithm.

Yes, we have a patent pending status in Singapore for the BlocBox Blockchain Protocol.

All stakeholders can benefit from the BlocBox Blockchain Protocol. Our data sets and analytics cater to a variety of stakeholders.

We offer the Blockchain as a Service (BAAS) concept. Service providers can use our protocol to create their own side chains for customised applications.

Contact Us

Any question? Reach out to us and we’ll get back to you shortly.