CargoX is the independent supplier of blockchain-based Smart Bill of Lading (Smart B/L™) solutions that provide an extremely fast, safe, reliable, and cost-effective way to process Bills of Lading anywhere in the world. CargoX has developed a decentralised platform based on the Ethereum network, and has a pipeline of future products for the supply chain industry.
CargoX’s Smart B/L™ solution based on the public Ethereum blockchain completely replaces old-school paper Bill of Lading documents and drives extremely fast, safe, reliable and cost-effective processing of Bills of Lading - anywhere in the world.
Releasing cargo, however, is just one of the headaches that the Smart B/L™ solves. More of the countless benefits include built-in archiving and limitless expandability. The IoT, banking and financial partnerships will soon result in value-added services such as cargo tracking (location, movements, temperature, origin/producer), insurance, quality control and banking escrow services through the Smart Letter of Credit. In collaboration with MakerDAO we further plan to facilitate the first on-chain cargo payment and settlement using DAI crypto stable currency.
The blockchain-backed CargoX Smart B/L™ brings users superior service at a fraction of the cost (<$15). Users of CargoX Smart B/L™ can transfer cargo ownership rights in safely and transparently, in mere seconds instead of weeks.