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Shipchain, an ICO cryptocurrency seller that is run by John Monarch, has been caught paying contributors on Forbes to publish articles promoting Shipchain without disclosing that the articles were paid for.

According to Shipchain's vendor Adam Torkildson, Shipchain paid $1000 to publish an article today on Forbes that hailed what a great company Shipchain is https://www.forbes.com/sites/jacksondavid/2018/03/12/this-blockchain-platform-is-disrupting-the-entire-freight-and-logistics-industry-from-end-to-end/#31eaadf832a2.

The article, which many readers would assume was an earned media story due to its lack of disclosures, praised Shipchain as one of a "handful of blockchain platforms poised to do things even the Internet couldn't accomplish."

One might think "Wow!   Shipchain is a truly revolutionary company, sounds like a great investment, especially since Forbes is printing it."  Afterall, Forbes is one of if not the most prestigious financial publisher in the world.

Here's an excerpt from the article:

"Today, you don’t have to look very hard to find a blockchain project in the making—similar to how everyone in the 90s was working on the dot-com of this and the dot-com of that. But there are a handful of blockchain platforms poised to do things even the Internet couldn’t accomplish.

One of them is ShipChain.

In ShipChain’s case, this means tackling the freight and logistics industry’s lack of transparency, middleman markup, fraud and lack of party responsibility, and visibility from end to end.

And with the team they have in place, they’re poised for success.

“There’s a real need for ShipChain in the freight and logistics industry. Over years of importing and selling billions of dollars worth of product, I’ve experienced this industry’s frustrations firsthand. Old archaic systems, confusing mazes of paperwork (literally “paper” work, a lack of technology), layers of middlemen, and a very fragmented industry in its current state, ShipChain helps solve a lot of these problems,” said Kevin Harrington, renowned entrepreneur, original shark on Shark Tank, and advisor on the ShipChain team.

Unlike most blockchain companies popping up these days, ShipChain recently closed a completely private funding round, raising $30 million to continue building their platform on the blockchain. The team in position is an impressive roster of blockchain experts, digital marketing gurus, and freight and logistics leaders who want to spearhead the disruption of the age-old industry. Advisors include Chris Perdue, of Perdue Farms, and Al Pettenato, the VP of XPO Logistics since 2012, among others. The company is helmed by John Monarch, a lifetime veteran of the freight and logistics industry.