What is 12Ships (TSHP)?

12Ships (TSHP) was launched to realize the model of the Fourth Industrial Revolution through Blockchain. 12Ships has developed both the high-performance hardware needed to keep the data recorded in the Blockchain reliable and the software needed for its operation. This is the future that 12Ships will realize to turn this platform and service into a new, scalable business.

Their vision is to expand the use of 12Ships tokens by deploying blockchain platforms based on the 12Ships Mining Infrastructure and by developing a beneficial and reliable service for games and e-commerce. And finally, they will create a globally reliable platform based on this blockchain infrastructure.

What is the 12Ships (TSHP) token?

The TSHP token is an Ethereum token based on the ERC20 standard.

The 12Ships token contributes to the democratic Blockchain ecosystem and provides the following functions to specify access to services and products:

  • TSHP can be used for HashChain services. Similar to the gas charge model of other public blockchains. To make a transaction on HashChain, users will need to pay gas charges to the network miners. The mining algorithm for HashChain will be similar to Ethereum as well as existing ASIC mining tools can also participate in the ecosystem.
  • It is used as one of the payment methods of various Blockchain services.
  • It is used to smartly vote in various decisions for the Hansando team, such as target cryptocurrency selection and reinvestment rate.

Features of 12Ships

Environment & operation
Deploying byte code (DAPP, Decentralized Application) created after compiling sources created by Solidity and executing it on EVM (Ethereum Virtual Machine).

ERC20 token
ERC stands for Ethereum Request for Comments and is an official protocol that shows the Ethereum network’s improvement and “20” indicates the specific ID number for these proposals.

Now, the ERC20 token is implemented as a protocol on Ethereum networks. It is sent by the Ethereum address and the transaction. Therefore, all ERC20 tokens, including 12Ships, can share the same Ethereum address with all tokens using the Ethereum wallet.

Definition fidelity
Its implementation meets the definition of a set of promises, specified in digital form, including the protocols that the parties follow to these promises by Nick Szabo, who first proposed smart contract concept.

Deterministic smart contract
Vincenzo Morabito has split the smart contract into the defined SC and the unknown SC, and among them, DSC is the type that does not interfere with external data in execution and the NDSC is the type that requires an inbound or an outbound Oracle, that is an external referral.


Qianjie Zhao – Director, 12Ships Foundation
Qianjie Zhao entered the blockchain industry in 2014 as BTC China’s Marketing Director. Later in 2014, he took the leading role in BTC China’s mining pool when it was 1st launched and soon became one of the largest bitcoin mining pools in the world with a peak of over 13.5% of the world’s total hash.
In early 2019, he joined FBG Group as an advisor and at the same time jointly founded Vancores which started the R&D of a multi-algorithm ASIC immediately.

Peng Zhao – CTO, 12Ships
He has 15 years of research and development experience in IC. Peng led R&D of blockchain chips, CMMB communication chips, multimedia IPTV SOC chips, digital TV security chips, 4G LTE communication chips. Prior to Vancores, he worked in Shanghai Huaya Microelectronics, Beijing Chuangyi video Beijing Digital Taihe and Dongxin communication, etc.

Duncan Chen – Chief Hardware Architect, 12Ships
Prior to Vancores, he has served in two of the world’s top 500 companies, with more than 16 years experiences in consumer electronics and industry automation hardware design and management.

Chase Wang – Chief Software Architect, 12Ships
Prior to Vancores, Chase was the tech director of BTCC Pool, which was also known as BTCChina Pool. Chase is extensively experienced in blockchain and cryptocurrency mining. Expert in architecture design and multiple development languages.


12Ships aims to ensure stable profits and contribute to reviving Blockchain by providing smart mining solutions, based on eco-friendly mining infrastructure with high-performance mining machines. A team of core and experienced experts in business strategy and planning, hardware and ASIC development, software and algorithm development Blockchain has been working together to actualize what is mentioned above.

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