Home
Why The CargoX Platform
Videos
Login Register
Menu

CargoX becomes the first public blockchain (Ethereum) Bill of Lading provider approved by the International Group of P&I Clubs

Feb. 20, 2020, 8 a.m.

(Ljubljana, 20 February 2020) - CargoX, the provider of the CargoX Smart B/L document transfer platform, has been granted prestigious approval by the International Group of P&I Clubs. It has become the only approved provider whose platform operates using the neutral, public blockchain Ethereum network.

The International Group of P&I Clubs (the IG) is an unincorporated association of the 13 principal underwriting Protection & Indemnity (P&I) Associations, which between them provide liability cover for approximately 90% of the world's ocean-going tonnage. 

“The mutual club system has proved itself resilient and responsive for over 120 years. Future-proofing the group is not a novel concept, but it will be a key focus within the group going forward, and whilst looking ahead, the only certainty is uncertainty, the group, and its member clubs will be there to deliver the necessary solutions for their shipowners and to protect third-party interests,” emphasized Mr. Paul Jennings, Chairperson of the IG P&I in the group annual review.

The approval is a historic milestone for CargoX. The CargoX blockchain document transfer (BDT) platform is on a mission to build trust in a trustless internet environment. It uses the advanced cryptographic features of the Ethereum network for original document creation, document ownership transfer, audit trail provisions, privacy, and business confidentiality assurance, and document and transaction immutability. 

The solution incorporates and upgrades usability concepts of email and banking transactions, and it effectively provides services that are far superior to courier document transfer. 

Additional info: 

* About the IG P&I
Full list of IG P&I member clubs
* IG P&I annual review 2019
IG P&I LinkedIn page

Read more about the Smart B/L dApp Request a demo
View full press release

Other press releases

New partnership between CocoonFMS & CargoX brings costs savings and document security to supply chain management
10 Nov 2020
CargoX will be integrated into the CocoonFMS product CocoonTMP (Transport Management Portal) to allow 3PLs and freight forwarders customers to upload their documents securely using CargoX Platform for Blockchain Document Transfer (BDT).
CargoX utilizes the Matic Network for efficient real-time Blockchain Document Transactions (BDT)
2 Nov 2020
The CargoX Platform has connected to the Matic Network - a sidechain to the Ethereum blockchain - to provide even faster and more cost-efficient original document transactions.
Contour partners with CargoX to transform bills of lading
29 Oct 2020
Contour, the Singapore-based global trade finance network has announced its partnership with CargoX, the blockchain platform for transferring documents and data including a certified electronic bill of lading solution.
CryptoBLK and CargoX establish strategic partnership to advance global trade and supply chains
12 Oct 2020
CryptoBLK, an enterprise DLT/blockchain technology company, and CargoX join forces to streamline processes and accelerate digitalization in global trade and supply chains by integrating two blockchain platforms, Atlas Elite and the CargoX Platform.
CargoX competes among 12 supply chain semi-finalists at Pitch Your Startup
14 Sep 2020
CargoX will pitch at the Pitch Your Startup (PYSU) event held on 15 September in Luxembourg. CargoX is one of 12 semi-finalists in the category of Supply Chain.
CargoX's digital bill of lading allows Forward Together and Tech Cargo to ship with no need for physical documents
24 Jun 2020
Te newly established logistics network Forward Together has piloted a simulation with the freight forwarding company Tech Cargo to digitally expedite the ownership transfer process through blockchain in India's response to Covid-19.
Portall and CargoX join forces to help the Government of India digitalize the bill of lading processing and move all trade documents to electronic means of transfer
11 Jun 2020
India is digitalizing its bills of lading and other trade documentation workflows as one of the last missing elements within the country’s electronic Port Community System (PCS), built by Portall. Portall teamed up with CargoX for blockchain document transfer.
CargoX joins the International Association of Trusted Blockchain Applications
1 Jun 2020
CargoX has joined the INATBA global blockchain association to contribute in the joint effort to empower companies for better, safer, and transparent global business by harnessing blockchain technology.
CargoX is helping exporters and logistics companies during the coronavirus crisis with FREE OF CHARGE blockchain Bill of Lading transfer for companies shipping to/from China
7 Feb 2020
The supply chain industry has been rocked by the outbreak of the coronavirus, which is being handled with extreme efforts from the Chinese government. Unfortunately, many airlines have stopped flying to mainland China, and some courier service providers have omitted service as well.
CargoX Smart B/L platform presented at the NYC Supply Chain Meetup #18 along Tradelens and other projects at the IBM Garage
29 Jan 2020
The CargoX Smart B/L platform was showcased at the 18th NYC Supply Chain Meetup, dedicated to blockchain solutions for the supply chain industry - among TradeLens, OmniChain, RegAlytics, and Ripe.io.

Your free demo session with our experts

Please fill out the form below, and we will get back to you as soon as possible.

Trying to download the logo?

We have a better idea! Find high quality visuals in our press kit section.

Visit press kit