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Send original documents on blockchain with collect on delivery

Aug. 26, 2020, 2:33 p.m.

Simon Ručigaj,
digitalization advisor and communication manager

 

 

The CargoX Platform for Blockchain Document Transfer (BDT) is in many ways similar to a courier service. The only difference is that it is completely digital, secure, and it imposes no health risks due to the potential physical manipulation of documents. Besides, it is fast and time-efficient. 

The CargoX Platform for Blockchain Document Transfer (BDT) even enables users to send original digital documents with the option to collect payment on delivery. This can come in handy when the sender wants the recipient to pay for the sending fee before the document ownership is transferred. 

The recipients can always decline the payment, but in that case, they will not be able to accept possession of the document sent to them. 

The procedure is simple: 

  1. The user can just upload or create, sign, and send off the document - with the requirement that the recipient, the business partner, pays for the sending fee. 

  2. The recipient receives the document and confirms the payment (for that, they need credits in their account). Alternately, the recipient may decline the payment and receipt of the document. 

This procedure can be used for many of the document types handled by the CargoX Platform for Blockchain Document Transfer (BDT). 

This includes original documents, documents of title such as a bill of lading or letter of credit, letters of indemnity, contracts, bills of exchange, letters of intent, air waybills, instructions, certificates of origin, certificates of insurance, certificates of any kind, settlements, and other types of business and valuable documents used in shipping and logistics, supply chain, and adjacent industries like manufacturing, trading, finance, energy, services, and even in regulatory or governmental agencies. 

To try the CargoX Platform for Blockchain Document Transfer (BDT) functionalities today sign up on the platform (for free!) at https://cargox.digital, or contact our advisors for a free demo. 

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