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CargoX Monthly Review - July 2018

Aug. 2, 2018, 12:21 p.m.

(Hong Kong, 2 August 2018) - July was a month that brought about some dramatic events at CargoX!

We started by joining BiTA (Blockchain in Transport Alliance), and then we went on to announce two very important partnerships.

Next, we signed a partnership agreement with Fracht AG, the independent Swiss family-owned company with over 100 offices and more than 1200 employees. This move gives Fracht AG the rights and ability to use the CargoX Smart B/L with its own business customers. We are especially proud that Mr. Ruedi Reisdorf, Fracht CEO and owner, has called CargoX the logistic sector’s “best start-up”!

At the same time CargoX and OceanX, the leading sea freight specialist network, have agreed on a strategic partnership, giving access to the blockchain-powered Smart B/L to all OceanX NVOCC members.

To top it all off we went on to give the logistics world the moment we have all been waiting for! The first ever official Smart Bill of Lading for an official shipment was issued on Friday, 27 July 2018, and the shipment is currently travelling from China to Europe, where it will arrive in August.

These events had a dramatic influence on the amount of CargoX tokens being purchased - we hit a daily volume of approximately USD 100k on 31 July.

All signs show that the cargo ships have aligned for the CargoX Smart B/L to take over the world!

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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
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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.
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CargoX 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.

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