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.
In addition, ShipChain is a member of the EEA: The Enterprise Ethereum Alliance. The EEA connects Fortune 500 companies and industry leaders together, specifically for the collaboration of building upon the Ethereum blockchain. ShipChain is also a member of BiTA, a group of companies (including FedEx, IBM, UPS and ShipChain) leading the way in freight technology industries, specifically with a focus on blockchain technology.