(Hong Kong / Koper- 30 August 2018) - CargoX, the producer of the electronic blockchain-based Smart Bill of Lading™ solution, has signed an exciting partnership with DBA Group, an Italian technology consulting giant listed on the Italian stock exchange.
The Italian DBA Group is specialized in network connectivity and solutions supporting the infrastructure lifecycle. It is also a provider of advanced and comprehensive IT solutions for supporting port logistics operations and for monitoring and controlling retail business systems in the petroleum industry.
DBA has outlined a strategy for implementing blockchain solutions, with the aim of making this technology available to all its clients and partners in the southern part of Europe.
"Thanks to the strong experience of CargoX, now we are ready to introduce this innovative technology in Italy by integrating it with our products, both in the transport and logistics sector and in infrastructure assets management.
The blockchain allows us to manage any process automatically and safely. For example, it can be used to manage relations in a port community or to streamlines customs control for all subjects that are already using the one-stop shop.
We already have systems that can strongly support or manage the relationship between the contracting authority and the construction company. By further applying the blockchain to our software for yard safety management, we can guarantee a secure flow of information between all subjects involved in the decision-making and control chain," declares Claudia Marcolin, Managing Director of DBA Lab, the company of DBA Group that will bring blockchain-related technologies to Italy.
The innovative CargoX platform streamlines the issuance and handling of original bills of lading on the Ethereum blockchain network, facilitating the digital transfer of the ownership of the bill itself and thus its related assets from the issuer to the shipper, to the consignee, to release agent. This creates the first fully digital, paperless, and secure original bill of lading solutions.
With the introduction of the CargoX Smart B/L™ users of the Actual Group software solutions will reap the benefits of a cutting-edge blockchain-based solution: ultimate reliability, security, and much higher speeds in transferring documents between process parties, as opposed with the current, paper-based transfer.
The Bills of Lading will be created and transferred in a matter of minutes and for a mere fraction of the current cost.
All document archives will be readily available in the encrypted cloud storage. This approach will save logistics companies enormous amounts of paper, time, and money.
“CargoX is proud to partner with advanced IT solution providers who are already working with customers to bring them a suite of digital products that are perfectly tailored to their needs. The CargoX Smart B/L™ is the first completely safe digital Bill of Lading solution, and we want to see it integrated into all the advanced port and logistics management systems throughout Europe,” said Stefan Kukman, CEO, and founder of CargoX.
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