As the new digital economy expands into industries in need of digitisation, Ambrosus continues to position itself as a key stakeholder for the future of data management. On this special occasion, Ambrosus is proud to announce that an upcoming cryptocurrency project will be accepting Amber (AMB) during its security token offering (STO). More specifically, SHIPNEXT– a fully functional platform designed for coordinating freight carrier contracts and other logistics processes across the globe — will be accepting Amber (AMB) for the impending launch of ShipCoin!

In context, SHIPNEXT is a digital automated shipping marketplace focused on creating efficient, secure, and reliable Cargo-to-Ship matching, freight trading, contracting and documentation flows. Established as a spinoff from the Varamar Group — one of Europe’s’ largest maritime businesses operating out of Hamburg, Odessa, Malta, and Genoa (among others) — SHIPNEXT presents itself as the only fully functioning Digital Shipping Marketplace, for the future of logistics management. Built on close to a decade of experience in the shipping industry, the SHIPNEXT platform boasts over 1,500 clients moving products globally through more than 4,000 different ports.

Alexander Varavarenko, CEO and Co-founder of SHIPNEXT, stated the following about the collaboration with Ambrosus:

“SHIPNEXT has taken the strategy of building a Global Supply-Chain Ecosystem, through a decentralized Transportation Network. Accepting Amber during the SHIPNEXT STO, is a clear step in the right direction, and especially beneficial for improving traction of the SHIPNEXT platform. We will be announcing more Partnerships and Alliances shortly.”

In context, Ambrosus’ support of the SHIPNEXT STO is a collaboration between two ecosystems that ultimately seek to redefine how the maritime industry can be revolutionised by blockchain technology. As one of the most optimal industries for blockchain disruption, a number of outdated practices stand to be digitised, while safer and more coordinated logistics roots can be also be created. With various toolings, enterprise solutions and SDK’s built by Ambrosus open-source ecosystem, the opportunities for integration in the marine shipping industry are plentiful. More specifically the multibillion dollar maritime shipping industry can be redefined in the following four ways:

Digital Integration and the Elimination of Paperwork: In light of the fact that paper based record keeping is the current industry standard for coordinating freight logistics, blockchain has the potential of revolutionising how stakeholders communicate and share information. Between freight carriers, clients, and third parties, completely digitised blockchain-based marketplaces provide a cost-effective and more efficient alternative to current procedures. Through integrating documents, emails, and other business related materials, multiple parties become able to communicate specific amounts of data with one another while leveraging a trusted and immutable foundation for accountability purposes. Such integration promises to increase the ease with which cargo providers and shipping companies can negotiate contracts and track the movement of goods. Increased Legal Compliance and Port Management: Furthermore, as explained by Airseacontainers, document sharing, proof of authorisation, and security checks are able to be digitally verified with the scan of a smartphone or via a web application. For port authorities, moving cargo through customs controls and managing the journeys of freight carriers between ports becomes a realistic means of tracking and monitoring exactly what products (and their safety) are able to enter a particular region. Safer, legally compliant, and more efficient product flows raise industry standards. Unrivaled Security and Transparency: Intelligent containerization will not only communicate where a container is located, what materials are contained within it, and the conditions of those materials; even more revolutionary for the shipping industry is the ability to trace who has opened or accessed a particular container during its shipment route around the globe. Blockchain based traceability systems will therefore be able to provide more transparency and security for the entire shipping process as illegal substances and goods become more difficult to slip into cargo holds. Smart-Contract Based Product Flows: As the industry continues to grow and blockchain becomes more widespread in its implementation across the global economy, smart-contract based coordination of logistics, legal compliance, customs controls, and information sharing becomes a viable of means ‘automatising’ the maritime shipping industry. While still in its infancy, smart contract based logistics management involves incorporating computerised contracts to certify and automatically execute commands based upon the fulfillment of pre-designated conditions. In a future of intelligent device connectivity integrated with blockchain based smart-contracts, the full scope of the maritime trade revolution is manifested in the ability to seamlessly and automatically sign, coordinate, and receive shipments of cargo from across the globe.

In light of the impending digitisation of the maritime trade industry, the collaboration between SHIPNEXT and Ambrosus is an ideal match based upon the common values and objectives from each company: both strive to bring transparent, decentralised, and secure data management to real-world industries and logistics processes. Common synergies therefore make Ambrosus a natural collaborator in the launch of the SHIPNEXT platform: by contributing to the SHIPNEXT STO contributors may have the opportunity to participate in the share of revenue generated from the SHIPNEXT ecosystem! At the same time, the collaboration also speaks to Ambrosus’ desire to participate and integrate with like-minded crypto-projects so as to bolster its larger network of collaborators in transforming how data is managed and shared across the global economy. Finally, integration of AMB-NET into the use-cases developed by the partner companies and corresponding increase in transaction volumes and bundle generation of our network constitute the key strategic vision for the future of this collaboration.

Ambrosus Global CEO and Co-Founder, Angel Versetti stated the following about the broader implications of this cooperation:

“The mission of Ambrosus from the very beginning has been to pioneer a new form of decentralised and transparent data management for the future of industrial development. As the first of many collaborations with like-minded STO projects, enabling Ambrosus community members to directly participate in the SHIPNEXT STO enables AMB to tap into new industries for the growth of the future digital economy. In parallel, Ambrosus is currently building up its use-cases in the marine shipping and container industries, and we are working on securing industrial partnerships with large clients.”

As an exciting period for the launch and growth of the SHIPNEXT platform, Ambrosus is proud to support the development of an ecosystem intent on providing the future of maritime logistics management in a decentralised and transparent fashion! As the first project accepting AMB in a security token offering, the collaboration between SHIPNEXT and Ambrosus inaugurates a new stage of development for the Ambrosus Ecosystem: beyond providing end-to-end traceability of global supply chains and smart cities, Ambrosus now gradually begins to offer the capability of launching or supporting a STO for industrial data management solutions. In the future, launching STOs and ICOs directly on AMB-NET will be possible.

SHIPNEXT Social Media Channels and more Information:

Website: https://shipnext.io/

Whitepaper: https://shipnext.io/assets/files/ShipNext_White_Paper_English.pdf

Telegram: https://medium.com/@shipnext/join-shipnext-on-telegram-b9d383510682

Facebook: https://www.facebook.com/pages/category/Company/Shipnext-1680590622270295/

Twitter: https://twitter.com/shipnextcom?lang=en

YouTube Channel: https://www.youtube.com/channel/UCWn9xgMrEPn2oT5mh5TQFYg

Varamar Group: http://varamar.com/

LEGAL WARNING:

Participation in STOs can be highly risky. You may risk losing your entire investment. This is not an endorsement of the investment offer. This is not financial advice. Do your own research. Ambrosus, its affiliated companies and its employees and directors in no way assume liability the STO of Shipnext and fully waive any responsibilities or claim to damages that may result out of participation in Shipnext STO. We do not guarantee any accuracy of the information provided to us by Shipnext and included in this blog. All investors should perform their own due diligence and check with their local laws and regulations. All rights reserved.