LEGAL COMPLIANCE AND STANDARDS
We are in the frontlines with leading global industry bodies and organisations, paving the way toward a modern set of standards and legislation to remove friction from global trade.
We believe the future is based on interoperability
CargoX received the prestigious approval from the IGP&I in 2020 to become the first approved provider of neutral, public blockchain eBLs.
CargoX provides WCO with all its expertise and experience in blockchain document transfer, and closely follows updates to the WCO SAFE framework for standards to efficiently harmonise customs processing in global trade.
CargoX actively supports the eDocumentation initiatives and standards for electronic bill of lading published by DCSA and have participated in proof-of-concept testing for interoperability with edoxOnline.
CargoX already offers the creation and transmission of standardised, paperless FIATA bills of lading. FIATA has drafted the eFBL standard in May 2022.
CargoX is finalizing the development of the feature that will make it possible to create BIMCO-standardised electronic bills of lading and transmit them via the CargoX Platform.
CargoX adheres to the ICC & World Trade Organization Standards toolkit for Cross-border Paperless Trade, as well as the Uniform Rules for Digital Trade Transactions (URDTT).
We are participating in the ITFA Digital Negotiable Instruments Initiative (DNI), which aims to fully digitise bills of exchange and promissory notes using a platform-independent approach.
CargoX has the status of observer in the Digital Transport and Logistics Forum, an initiative forum of the European Commission's Directorate-General for Mobility and Transport.
We contributed to the Redesigning Trust: Blockchain Deployment Toolkit, which is designed to help organisations develop and deploy new blockchain solutions.
We are guided by the G7 Trade Ministers' Principles for Digital Trade, agreed by the G7 countries at the G7 Trade Conference on 22 October 2021.
We are guided by the provisions of the Model Law on Electronic Transferable Records (MLETR).
We are guided by the multimodal transport reference data model UN/CEFACT.
A modular and efficient technology stack
By leveraging the power of blockchain technology, we significantly improve the security, transparency, and efficiency of your document workflows. Its immutability makes it a highly secure option for transmitting documents across various industries and applications.