Verifying Ship Ownership on PolygonScan

Most fractional possession platforms function on belief. They supply a dashboard and ask you to consider their inside data. Shipfinex operates on proof.

On each ship itemizing’s “Blockchain” tab, you will see a hyperlink labeled “Polygonscan”. This can be a core element of our dedication to transparency. It is an invite to each buyer: Confirm your possession.

Clicking that hyperlink takes you off the Shipfinex platform to the PolygonScan block explorer. That is an unbiased, public web site, not owned or managed by Shipfinex—that exhibits the unchangeable, cryptographic file of the belongings. It’s the elementary distinction between believing an organization’s database and seeing the proof for your self on a public ledger.

PolygonScan is what’s known as a block explorer. Consider it as Google for the Polygon blockchain. Identical to you search Google to seek out web sites, you utilize PolygonScan to seek out sensible contracts, transactions, and token data recorded on the Polygon community.

Your Maritime Asset Tokens dwell on the Polygon blockchain, a number one, widely-adopted community recognized for processing thousands and thousands of transactions day by day. When a brand new Maritime Asset Token representing co-ownership in a ship is listed on the Shipfinex platform, these tokens are recorded on Polygon, and each element is everlasting and public.

Here is what makes this completely different: PolygonScan is not owned or managed by Shipfinex. Whenever you click on that hyperlink, you allow our platform completely and entry a very unbiased web site that pulls knowledge straight from the blockchain itself, not from our database.

That is basically completely different from conventional fractional possession. When you personal shares in a personal firm, you are trusting that firm’s data. When you personal fractional actual property by way of a platform, you are trusting their database. However with blockchain-based tokens, you are not trusting us. You are verifying mathematical proof recorded on a public ledger that no single firm controls.

Whenever you click on the “Polygonscan >” hyperlink on a ship itemizing’s Blockchain tab, it opens the token contract web page for that particular ship. You will see technical data, however you do not should be a developer to know the vital elements.

First, you will see the contract tackle. This can be a lengthy string of letters and numbers (e.g., “0x07bB…9B5B89”) that acts because the distinctive digital fingerprint for that ship’s tokens. This tackle is everlasting, and the cryptographic properties of the blockchain make it a safe and distinctive identifier.

What this proves: The tokens aren’t simply entries in Shipfinex’s database. They’re independently verifiable digital belongings on a public blockchain. Anybody can search for this contract tackle on PolygonScan and see the identical data you see.

Second, you will see the “MAX TOTAL SUPPLY”. This quantity tells you precisely what number of tokens exist for that ship. If a ship is tokenized into 1,997,200 tokens, you will see “MAX TOTAL SUPPLY: 1,997,200” on PolygonScan. This proves shortage. It’s cryptographic proof that Shipfinex (or every other occasion) can not create extra tokens for this SPV, which helps stop dilution.

Third, for these occupied with deeper verification, PolygonScan exhibits the sensible contract code itself. This code defines how tokens work: how they switch, whether or not extra may be created, and what restrictions exist. Unbiased safety auditing companies analyze this code, and people audit stories are sometimes revealed publicly.

In conventional fractional possession, you’re all the time trusting somebody’s phrase. The platform says you personal a share of an asset. However how do you really confirm that your possession is actual, that they have not oversold participation, or that their inside ledger is correct?

You possibly can’t. You are trusting their programs, their auditors, and their statements. The construction relies upon completely on belief.

Blockchain adjustments this. The “Polygonscan” hyperlink represents a elementary shift from “belief us” to “confirm your self.” When each token and each sensible contract is recorded on a public blockchain that no firm controls, verification turns into mathematical quite than trust-based.

Think about what this implies. Shipfinex documentation states a ship is tokenized into 100,000 tokens. You possibly can confirm that by clicking the hyperlink and seeing the “MAX TOTAL SUPPLY” on PolygonScan. Shipfinex says your pockets holds 500 tokens. You possibly can confirm that by wanting up your pockets tackle. This public verifiability reduces data asymmetry. You aren’t simply trusting an internet site; you’re trusting cryptographic proof that anybody can independently confirm.

This skill to independently confirm offers protections that conventional fashions can not match:

Verifiable Proof Towards Overselling. A platform may theoretically promote extra possession items than exist. With a hard and fast “MAX TOTAL SUPPLY” on a public blockchain, that is verifiably prevented, as any discrepancy could be instantly apparent.

Persistence Past the Platform. If Shipfinex’s web site have been ever offline, your tokens would nonetheless exist on the Polygon blockchain. You could possibly nonetheless see them by getting into your pockets tackle into PolygonScan. Your possession file shouldn’t be depending on our platform’s operation.

A Single Supply of Fact. If there’s ever a query about who owns what, the general public blockchain serves as the final word, unchangeable file.

Transparency for All Stakeholders. Different aspiring homeowners can confirm token distribution. Regulators can confirm compliance. Third-party auditors can confirm claims.

Your due diligence entails two distinct layers: verifying the digital token and verifying the bodily asset.

PolygonScan offers definitive, cryptographic proof of the digital possession construction. You don’t want blockchain experience to make use of it. Whenever you click on the hyperlink, merely verify these key components match the data offered by Shipfinex:

MAX TOTAL SUPPLY: Confirm this quantity. It’s the cryptographic proof of shortage and confirms {that a} mounted variety of tokens exist for the asset.

CONTRACT ADDRESS: Notice this distinctive tackle. It’s the everlasting “fingerprint” for this particular asset’s token.

HOLDERS (Non-compulsory): You can too discover the “Holders” tab to see the distribution of the tokens.

It’s crucial to know what PolygonScan does and doesn’t show.

PolygonScan proves that the tokens exist, what number of there are, and who holds them. What it doesn’t show is the connection of these tokens to the bodily ship.

That authorized and bodily connection (the construction that makes a Maritime Asset Token characterize co-ownership in an SPV that legally owns a ship) is verified by reviewing Shipfinex’s complete documentation. This contains:

Authorized contracts and providing paperwork

Third-party inspection stories and valuations

Vessel insurance coverage and compliance certificates

Consider it this manner: PolygonScan proves the digital construction is clear and verifiable. Our authorized documentation proves the bodily asset is actual and securely structured.

Each layers are needed for complete due-diligence.

This verification functionality is what separates blockchain-enabled transparency from conventional constructions that require belief alone. It’s why Shipfinex is constructed on blockchain expertise quite than a traditional database.

The “Polygonscan” hyperlink is not flashy. It would not have advertising and marketing copy. It simply sits on the “Blockchain” tab, providing you unbiased verification everytime you need it.

However that hyperlink represents one thing significant: an possession construction that you could confirm your self, on a public blockchain that no firm controls, with cryptographic proof that can’t be altered. When reviewing any asset listed on the Shipfinex platform, we encourage you to click on the hyperlink and see the verification for your self.

This materials is offered for informational functions solely and doesn’t represent monetary, funding, or authorized recommendation. All investments and digital belongings carry inherent dangers, together with potential lack of capital. Previous efficiency shouldn’t be indicative of future outcomes. Please evaluation the related supply and danger disclosures fastidiously earlier than making any monetary choice.