Verifying Ship Ownership on PolygonScan

From the Shipfinex Team

Most fractional ownership platforms operate on trust. They provide a dashboard and ask you to believe their internal records. Shipfinex operates on proof.

On every ship listing’s "Blockchain" tab, you will find a link labeled "Polygonscan". This is a core component of our commitment to transparency. It's an invitation to every customer: Verify your ownership.

Clicking that link takes you off the Shipfinex platform to the PolygonScan block explorer. This is an independent, public website, not owned or controlled by Shipfinex—that shows the unchangeable, cryptographic record of the assets. It is the fundamental difference between believing a company’s database and seeing the proof for yourself on a public ledger.

What is PolygonScan, and Why Does It Matter?

PolygonScan is what's called a block explorer. Think of it as Google for the Polygon blockchain. Just like you search Google to find websites, you use PolygonScan to find smart contracts, transactions, and token information recorded on the Polygon network.

Your Maritime Asset Tokens live on the Polygon blockchain, a leading, widely-adopted network known for processing millions of transactions daily. When a new Maritime Asset Token representing co-ownership in a ship is listed on the Shipfinex platform, those tokens are recorded on Polygon, and every detail is permanent and public.

Here's what makes this different: PolygonScan isn't owned or controlled by Shipfinex. When you click that link, you leave our platform entirely and access a completely independent website that pulls data directly from the blockchain itself, not from our database.

This is fundamentally different from traditional fractional ownership. If you own shares in a private company, you're trusting that company's records. If you own fractional real estate through a platform, you're trusting their database. But with blockchain-based tokens, you're not trusting us. You're verifying mathematical proof recorded on a public ledger that no single company controls.

What You See When You Click the Link

When you click the "Polygonscan >" link on a ship listing's Blockchain tab, it opens the token contract page for that specific ship. You'll see technical information, but you don't need to be a developer to understand the important parts.

First, you'll see the contract address. This is a long string of letters and numbers (e.g., "0x07bB...9B5B89") that acts as the unique digital fingerprint for that ship's tokens. This address is permanent, and the cryptographic properties of the blockchain make it a secure and unique identifier.

What this proves: The tokens aren't just entries in Shipfinex's database. They are independently verifiable digital assets on a public blockchain. Anyone can look up this contract address on PolygonScan and see the same information you see.

Second, you'll see the "MAX TOTAL SUPPLY". This number tells you exactly how many tokens exist for that ship. If a ship is tokenized into 1,997,200 tokens, you'll see "MAX TOTAL SUPPLY: 1,997,200" on PolygonScan. This proves scarcity. It is cryptographic proof that Shipfinex (or any other party) cannot create more tokens for this SPV, which helps prevent dilution.

Third, for those interested in deeper verification, PolygonScan shows the smart contract code itself. This code defines how tokens work: how they transfer, whether more can be created, and what restrictions exist. Independent security auditing firms analyze this code, and those audit reports are often published publicly.

Why Independent Verification Changes Everything

In traditional fractional ownership, you are always trusting someone's word. The platform says you own a percentage of an asset. But how do you actually verify that your ownership is real, that they haven't oversold participation, or that their internal ledger is accurate?

You can't. You're trusting their systems, their auditors, and their statements. The structure depends entirely on trust.

Blockchain changes this. The "Polygonscan" link represents a fundamental shift from "trust us" to "verify yourself." When every token and every smart contract is recorded on a public blockchain that no company controls, verification becomes mathematical rather than trust-based.

Consider what this means. Shipfinex documentation states a ship is tokenized into 100,000 tokens. You can verify that by clicking the link and seeing the "MAX TOTAL SUPPLY" on PolygonScan. Shipfinex says your wallet holds 500 tokens. You can verify that by looking up your wallet address. This public verifiability reduces information asymmetry. You are not just trusting a website; you are trusting cryptographic proof that anyone can independently verify.

This ability to independently verify provides protections that traditional models cannot match:

• Verifiable Proof Against Overselling. A platform could theoretically sell more ownership units than exist. With a fixed "MAX TOTAL SUPPLY" on a public blockchain, this is verifiably prevented, as any discrepancy would be immediately obvious.

  
  

• Persistence Beyond the Platform. If Shipfinex's website were ever offline, your tokens would still exist on the Polygon blockchain. You could still see them by entering your wallet address into PolygonScan. Your ownership record is not dependent on our platform's operation.
  

• A Single Source of Truth. If there is ever a question about who owns what, the public blockchain serves as the ultimate, unchangeable record.
  

• Transparency for All Stakeholders. Other aspiring owners can verify token distribution. Regulators can verify compliance. Third-party auditors can verify claims.

The Two Layers of Verification: Digital and Physical

Your due diligence involves two distinct layers: verifying the digital token and verifying the physical asset.

1. The Digital Layer (What PolygonScan Verifies)

PolygonScan provides definitive, cryptographic proof of the digital ownership structure. You do not need blockchain expertise to use it. When you click the link, simply confirm these key elements match the information provided by Shipfinex:

• MAX TOTAL SUPPLY: Verify this number. It is the cryptographic proof of scarcity and confirms that a fixed number of tokens exist for the asset.

• CONTRACT ADDRESS: Note this unique address. It is the permanent "fingerprint" for this specific asset's token.

• HOLDERS (Optional): You can also explore the "Holders" tab to see the distribution of the tokens.
  

2. The Physical Layer (What Our Documents Verify)

It is critical to understand what PolygonScan does and does not prove.

PolygonScan proves that the tokens exist, how many there are, and who holds them. What it does not prove is the connection of those tokens to the physical ship.

That legal and physical connection (the structure that makes a Maritime Asset Token represent co-ownership in an SPV that legally owns a ship) is verified by reviewing Shipfinex's comprehensive documentation. This includes:

• Legal contracts and offering documents

• Third-party inspection reports and valuations

• Vessel insurance and compliance certificates

Think of it this way: PolygonScan proves the digital structure is transparent and verifiable. Our legal documentation proves the physical asset is real and securely structured.

Both layers are necessary for comprehensive due-diligence.

Your Next Step: Verify for Yourself

This verification capability is what separates blockchain-enabled transparency from traditional structures that require trust alone. It is why Shipfinex is built on blockchain technology rather than a conventional database.

The "Polygonscan" link isn't flashy. It doesn't have marketing copy. It just sits on the "Blockchain" tab, offering you independent verification whenever you want it.

But that link represents something meaningful: an ownership structure that you can verify yourself, on a public blockchain that no company controls, with cryptographic proof that cannot be altered. When reviewing any asset listed on the Shipfinex platform, we encourage you to click the link and see the verification for yourself.

Until Next Time, 

Team Shipfinex

Disclaimer:-

This material is provided for informational purposes only and does not constitute financial, investment, or legal advice. All investments and digital assets carry inherent risks, including potential loss of capital. Past performance is not indicative of future results. Please review the relevant offer and risk disclosures carefully before making any financial decision.