CargoX is the independent supplier of blockchain-based Smart B/L solutions that enable extremely fast, safe, reliable and cost-effective global Bill of Lading processing. CargoX has developed a decentralised platform based on the Ethereum network, and has a pipeline of future products for the supply chain industry.

CargoX will create a decentralised and encrypted blockchain-based solution for exchange of shipment ownership (Bill of Lading) documents, and provide new services through an ecosystem where their partners can offer services equivalent to letters of credit, payment and insurance services, and future services around the IoT.

CargoX has an easy to understand business model, no direct competition and wide industry support – including already confirmed 2018/Q2 pilot deployment.

“We are aiming to transform the global shipping industry by securing Bill of Lading documents using blockchain technology. We will provide a way for importers and exporters to exchange these documents digitally, securely and without counterfeit in a neutral environment – extremely fast and with much lower cost than currently. The ecosystem of services we will create is going to have transformational effects on the industry.”

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