In simple terms CargoX plans to build a blockchain bill of lading for the shipping industry. Typically the Bill of Lading or B/L was always done by hand and on paper. In the past decades, as tech grew, centralized computers could run these operations more effectively than operators doing it by hand. But with NINETY percent of the worlds goods involved, shouldn't we have a decentralized repository for this? With some ships now holding up to 18,000 containers, there is definitely a problem being solved and a business use/application for something like this. Can it be done though?

Which leads me to finish with their roadmap.

Roadmap:

In Q1 2018 we will introduce the first crypto cargo payment option, and release the Bill of Lading exchange protocol, to announce the first beta trial Smart B/L sea-freight shipment!

In Q2 2018 the Smart B/L eXchange dApp will be released, and we have already signed a TOP 5 non-vessel operating common carrier-NVOCC (Fancy words for "Container Shipping Company") for the test trial — a cargo shipment will travel from Asia to Europe with the hot new technology used for document transfer and clearance.

In Q2-Q4 2018 a lot of marketing activities will be happening, as we will be on-boarding our first customers, importers and exporters. Then we will continue with development of add-on features.

Ultimately, this could be a fancy tracking app for containers, or it could revolutionize the way people manage their shipments. It's up to the team to make it happen.

One last note and I do take this into my investment plan... The shipping yard, it is a strange place. It is definitely an "Old Boys Club" and a very nepotistic, almost inherited livelyhood. I do wonder how the CargoX people plan on breaking their 4th plane. Taken from a list of 10 strange facts about shipping and cargo ships.

9. Shipping companies don't like outsiders.

Shipping companies are so secretive and private that, for example, the official Greek shipowners' association refuses to reveal how many members it actually has, and that's not considered weird in the industry.

Wouldn't that be the craziest piece of this whole ICO puzzle here would be for something like that to take it down? How do you complete your due diligence on something like that!?!

Attention

This is not investment advice. I'm jsut a guy on the internet who searched a few things, read a few things and took some time to type it up all nice for you but do not let that stop you from DYOR!

Happy HODLing

Full disclosure I am buying about 10,000 CXO... but only after I write this post.