Former DVB man Mitul Dave and two business partners are behind a new platform which is employing blockchain technology with the aim to open the door for seafarers and others to become shipowners.

Shipowner.io is being promoted as the world’s first distributed ledger platform allowing the participation in the capital financing of shipping assets and services.

Dave, formerly of DVB and GE Capital, says the platform has been launched to assist small to medium sized owners in securing finance for vessels while allowing traders to buy stakes in ships for $100 or less.