ShippingWatch

Blockshipping looking for new investors after ICO flop

Blockshipping, a digital platform to register 27 million containers, and the brainchild of several former Maersk executives, was unable to raise the necessarry funding through an ICO. CEO Peter Ludvigsen talks to ShippingWatch about the next steps for the venture.

CEO Peter Ludvigsen, Blockshipping. Photo: Blockshipping

It turned out to be tougher than expected to raise the necessary money for digital shipping company Blockshipping, which was launched on Feb. 28 of this year.

The company has several former Maersk executives in its management team. The company aims to create a blockchain platform which registers the world's 27 million containers and which the market can then bid on. The potential annual savings to the shipping industry generated by the platform are estimated to be USD 6 billion.

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