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 is essentially a blockchain infrastructure, which uses an IoT device to capture VDR data from ships, transmit it online vide satellite communication to shore based blockchain nodes and carry out analysis with the efficient use of Artificial Intelligence and Big Data Analytics.
BlocBox will enhance maritime safety by providing various stakeholders in the ecosystem with a transparent and real time window into the data sets onboard the vessel. The BlocBox protocol will bring about a paradigm shift in the way data is shared amongst the maritime stakeholders.
BlocBox will act as a backup device for the conventional black box on airlines and provide real time access to critical aviation parameters. The BlocBox protocol will bring about a paradigm shift in the way data is shared amongst aviation stakeholders.
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 partnerships@blocbox.io
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 contact@blocbox.io for more details.
VDR stands for Voyage Data Recorder. It records vital information from various sensors on board seafaring vessel.
The black box is a device installed aircraft that consists of the Cockpit Voice Recorder (CVR) and Flight Data Recorder (FDR). It records vital information from various sensors on board the aircraft.
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.
In an industry where most payments are made informally, transactions executed through blockchain are transparent and immutable. The trustless and decentralised nature of blockchain also ensures that unfamiliar parties to a transaction can make payments safely and confidently. In case of maritime accidents, the tamper-proof nature of blockchain ensures the integrity of the data collected by the VDR. This greatly assists in the investigation of the causes of the accident as well as adjudication of any insurance claims that may arise. These three qualities – transparency, immutability and decentralisation – are qualities that distinguish blockchain technology from traditional cloud-based solutions.
The BlocBox transmitter, which is connected to the VDR, will transmit data to shore using the existing satellite communications system onboard the vessel.
Yes, our Blocbox device will have a backup of up to 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 will act as a backup device to get real time access to VDR data.
The 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 secure 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.
The BlocBox transmitter 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.
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.
Any question? Reach out to us and we’ll get back to you shortly.
