BlocBox aims to build an immutable distributed ledger with blockchain technology to solve the challenges of retrieval of blackbox data, transparency, predictions and ownership in the maritime & aviation industry.
BlocBox will collect and encrypt information that is stored locally within safety instruments installed on ships and airplanes. The encrypted data will then be transmitted to the BlocBox protocol for storage and future retrieval, significantly decreasing response time in the event of a disaster.
A key factor in reducing the rate of maritime incidences falls onto the collection and review of data retrieved from ships involved. High quality data would also assist in post-incident remediation, particularly with regards to insurance claims and processes. As a result, the Maritime Safety Committee, formed by the International Maritime Organization, made it a requirement for all sea vessels to have a Voyage Data Recorder (VDR) onboard. The VDR is an instrument installed onto a ship that continuously records vital information related to the operations of a vessel. These records are stored locally on the device for a period of 12 hours and are continuously overwritten by new input. However, in major incidences, the challenge in data retrieval is mostly due to the difficulty in retrieving the VDR.
Lack of availability and extraction of real time data
Recovery of safety instrument is costly
Recovery and extracting of data is very time consuming
Lack of analysis on existing data for enhanced training as data is constantly being overwritten
Different safety instrument manufacturers store data in different formats
Timeless - No time lost for access to data
Cost Effective - Negligible cost to access data
Decentralised Storage - Secure and tamper proof
Dispute Resolution - Assist interested parties in investigation
Data Formats - Uniform shore retrival data formats
BlocBox Analytics - For IoT streaming content analysis
The soft cap of 3 million USD is enough to develop the first version of BlocBox for use in the maritime industry. Upon reaching the hard cap, the funds raised will be used in research and development for the advanced version of the BlocBox for use in the aviation industry.
The BlocBox Team comprises of industry experts with proven record in finance, tech development & marketing.
Co-Founder & CEO
Over a decade in the satellite and IT industry. He founded and solely owned a Singapore based satellite communications company in 2004 integrating and delivering mobile and fixed satellite communications solutions to businesses.
Kenny has an education in Electronics and Electrical Engineering and is a member of the Singapore Chinese Chamber of Commerce and Industry.
Co-Founder & CTO
An entrepreneur having more than 16 years of experience in global procurement, big data analytics, spend management, optimizing supply chain networks and e-commerce implementation.
He has a Master’s Degree in Business, a Bacherlor’s Degree in Mechanical Engineering and numerous other certifications including AI certification from the prestigious MIT Sloan, USA.
Head of Media & PR
A content specialist, writer and editor with over 10 years of experience across diverse industries. Her professional engagement have seen her work with various publishing giants.
Priyanka holds a Master’s Degree in Sociology and a Bachelor’s Degree in Sociology and Anthropology from St. Xavier’s College, Mumbai, India.
Blockchain Lead
Founder and CEO of Myraa Technologies, an Artificial Intelligence Solutions Company. From being an independent entrepreneur to a power housed hands-on developer, she has been an innovator over cutting edge technologies.
Shilpa has nurtured a team of passionate innovators to build Classifiers, Recommendation Bots and Trading Engines used by over a million users.
Country Director Malaysia/Indonesia
Having founded and exited a manufacturing company, he is now a blockchain evangelist and promoter of Distributed Ledger Technologies. He has a decade worth of experience in business development and networking and holds a Bachelor's Degree in Software Engineering from Multimedia University, Malaysia
Deputy MD - Zeaborn
Capt. Ninad Sharad Mhatre is currently the Deputy Managing Director for ZEABORN Ship Management (Singapore) Pte. Ltd.
He 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 vessels, including Bulk carriers, General Cargo ships, Crude & Product tankers, Container vessels, Dry Reefer vessels, and in specialized niche trades. He moved ashore in 2000, where he has worked in various roles including Marine Safety & Quality, New-building supervision and takeover, Ship-board auditing, Bulk Transhipment, and then Commercial & Operations management.
Capt. Mhatre joined ZEABORN Ship Management (Singapore) Pte. Ltd. (Previously Rickmers Ship Management Pte. Ltd.) in 2014, as Head of Chartering / Operations, before taking on wider responsibilities within the company. During his tenure with the company, he has been involved in various innovation projects, including development of customer reporting tools, optimizing vessel communications via fleet-wide VSAT installation, including provision of internet access onboard for crew welfare, and driving for digitalization in shipboard documentation and processes to improve operational efficiency.
Maritime Business Director - DNV GL
Lukasz Luwanski is DNV GL Maritime Business Director for South East Asia, Oceania & India. Prior to this, Lukasz held the position of Vice President and Area Manager of Germanischer Lloyd(GL) in Asia Pacific as well as Manging Director of GL activities in Singapore. Lukasz has also, held the position of Trade & Marketing Director for Central and Eastern Europe of Maersk Line Activities. He spent two years in Maersk Line Fleet Management in Copenhagen handling sales & purchase / chartering of Maersk Line tonnage.
CEO – Reapra Aviation Partners
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.
As the Lead Strategy Consultant of Hire N Higher, he worked with company owners and senior management teams to strategically plan, direct and control corporate strategies to drive organizational performance.
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.
General Manager - Wilhelmsen Ship Management
Jitendra is a core Maritime Industry Professional with more than 25 years in the industry. He is educated in Nautical Sciences, Project Management and Maritime Risk Management. After commanding Wilhelmsen vessels, moved to shore based operations, to lead various teams in Technical Ship Management Services. He is a speaker in various international conferences and also leads a "Social Enterprise" with focus on purpose management.
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.
Managing Director – Trinide
Sean’s background in computing and four years of experience in the blockchain industry enable him to provide unique insights in the evolving technology sector, solidifying the fundamentals of Trinide — a technology consultancy firm that helps traditional industry leaders with digital transformation and transition into a blockchain-powered ecosystem.
Do go through our whitepaper, lightpaper or executive summary to understand more about BlocBox.
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 Pte. Ltd. (UEN: 201831585M) is headquartered in Singapore.
Yes, we are open for partnership opportunities for the right stakeholders. Kindly send us your request to partnerships@blocbox.io
BlocX(BLX) token 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 across all stakeholders.
Our Soft Cap is 3 Million USD. This would be used for developing our Maritime Solution
Our Hard Cap is 12 Million USD. Hard Cap would allow us to develop the Blocbox solution for Aviation
60% of the funds raised during ICO would be used for Research & Development of the Product, 20 % for the Marketing & remaining 20% for day to day operations
The funds raised using Soft Cap would be utilising in developing the BlocBox for Maritime and BlocBox analytics. For aviation, the costs for carrying out research and development is much higher due to the complexity and the quantity of data being captured. Hence we would need more funds for developing BlocBox Aviation which can be achieved through our Hard Cap.
Yes, we have a limited supply on the tokens. Our total market cap is around 250,000,000 BLX Tokens
Yes, you can buy BLX Tokens using Fiat Currency. Just drop us an email at contact@blocbox.io
VDR stands for Voyage Data Recorder. It records vital information from various sensors on board the vessel.
Blocbox is the commercial term used in Aviation for a combination of Cockpit Voice Recorder(CVR) & Flight Data Recorder(FDR). It records vital information from various sensors onboard the aircraft
Our BlocBox Infrastructure involves Blockchain, IoT, Big Data Analytics & Artificial Intelligence. We are your one stop shop for providing analytics in a safe ,secure & tamperproof environment
Cloud Solutions are expensive and not completely secure. Also the flow of data in our ecosystem is only amongst the stakeholders who need to access the date. Blockchain allows for this kind of infrastrucute setup and is also tamperproof
We would use the existing satellite communication system available on the vessel to transmit the data to shore. Our BlocBox device would be connected to the internet port
Yes, our Blocbox device will have backup unto 30 days of data.
Yes, we have a patent pending status for the Blocbox Solution
Our BlocBox solution does not aim to replace the VDR. It would act as backup device to get real time access to VDR data.
Blocbox device is very simple to install. The crew on board can install the device themselves with the help of the installation manual
Yes, the complete infrastructure of BlocBox is based on Blockchain. Hence all the nodes as well as the data flow are completely secured and resistant to any cyber threat.
The underlying technology used is IBM Hyperledger.
Yes, Analytics is an important part of our solution. We are carrying out diagnostic analytics, speech analytics and several other analytical functions
Yes, we are using Artificial Intelligence to carry out predictive analytics
Yes, BlocBox is essentially an IoT device.
Yes, our BlocBox device is compliant to the IEC regulations.
We are the first movers in this space and have no direct competition. However there are other companies who are active in some of the applications we offer.
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 Solution
All stakeholders can benefit from the BlocBox Solution. Our data sets and analytics cater to a variety of stakeholders.
We offer Blockchain as a Service(BAAS) concept. Service providers can use our BlocBox protocol to create their own side chains for customised applications.
Any question? Reach out to us and we’ll get back to you shortly.
