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CargoX Monthly Update - April 2018

April 6, 2018, 6:45 a.m.

Hello, supporters - wow, what a month March has been!

The latest and greatest news is - we are now listed on Cryptology Exchange. They picked CXO from among hundreds of tokens, looking for, as they say in their news release, the “coolest ones, both new and rare, as well as the most popular ones”. CXO tokens will be available for trading, depositing, and withdrawal, and they will be immediately tradable with ETH. CargoX is always looking to open new markets, as this will make CXO tokens available to a broader audience and boost trading dynamics once the product is available to global trade and logistics companies!

An online freight booking platform 45HC.com started using CXO tokens as means of payment. With that step, 45HC.com became the first logistics company worldwide to accept a cryptocurrency and generated some nice global news coverage by doing so. This was an important milestone for CargoX, as we met an objective we set out during the ICO - to add CXO tokens as a payment method to 45HC.COM by the end of the Q1 2018. We have proven that the integration and use of CXO tokens for payment is simple and especially attractive for shippers and freight forwarders who use the service regularly. We also demonstrated that the process is swift and easy.

As you know, we are always working on attracting partners and supporters. In March we announced the first batch of potential customers and supporters. Among them was a large logistics company from Italy, namely Samer & Co. Shipping S.p.A. (www.samer.com), a freight forwarder and shipping agency with decades of experience in covering the broader region of Central and Eastern Europe. The natural mineral water producer Costella (www.costella.si/en) also recognised the benefits of lowering costs and solving other paper-related pains with the Smart B/L - they export natural water bottled from a spring in the heart of pristine nature in a protected primeval forest to several markets outside the EU, focusing on the Middle East. Last, but not least, the Slovenian Ministry of Infrastructure (www.mzi.gov.si/en/) has honored us by naming CargoX as one of the most promising blockchain solution providers for the logistics sector with a high possibility of actually changing the shipping and logistics industry beyond the borders of Europe. That recognition feels great, too, as it confirms that the blockchain is becoming a mainstream affair, a standard in the global IT ecosystem!

We will, of course, continue to grow the CargoX ecosystem and the usage of the CXO tokens. By far the most important step towards this future will be the launch of the Smart B/L solution. We will present a functional demo at the 6th International Logistics Congress to be held from April 11–13 - that is next week! The three-day event will bring together all the logistics players in the region, and CargoX will be there not only with a presentation but with the first functional live demo of the CargoX Smart B/L transfer!

April will be one of the most interesting months in the short history of CargoX, as we plan on announcing new team members, partnerships, and further details on the MVP and Smart B/L itself, and we also plan on releasing a number of documents (including a “B/L X” technically-flavored whitepaper) to support our partners and resellers… Stay tuned!

As always, there was a lot of media attention; here we are exceptionally proud of the Loadstar and Shipping and Freight Resource coverage. Also, more and more journalists are contacting us with logistics questions related to the blockchain and requests for quotes, confirming our positioning as an expert in this sector.

Help us raise awareness about the Smart B/L! We are always happy to see you promote CargoX through your social networks. Join us on Reddit, Twitter, and LinkedIn. We want to strengthen our footprint there since those are the channels our (potential) business partners know and use. Please do not hesitate to use them if you have any questions.

Watch out for our soon-to-be-released news about the CargoX Smart B/L demo and some other exciting news, too!


Other press releases

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 becomes the first public blockchain (Ethereum) Bill of Lading provider approved by the International Group of P&I Clubs
20 Feb 2020
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.
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.
German logistics expert TRANS AURIGA offers CargoX Smart B/L™ services to its customers
12 Dec 2019
TRANS AURIGA, a specialist logistics company from Germany, has begun offering CargoX’s Smart B/L™ document transfer system to its commercial customers.
CargoX becomes an observer of the Digital Transport and Logistics Forum, an initiative forum to the Directorate-General of the European Commission for Mobility and Transport
28 Nov 2019
CargoX, the pioneer of the revolutionary Smart B/L™ blockchain shipping documentation platform and the Blockchain Document Transaction System(BDTS), has become an observer of the Digital Transport and Logistics Forum (DTLF), an initiative forum established for the Directorate-General for Mobility and Transport of the European Commission.
CargoX showcased at the Sustainable Ocean Summit global Blue Economy Business Conference
25 Nov 2019
The CargoX platform was showcased at the Sustainable Ocean Summit’s global Blue Economy Business Conference, held by the World Ocean Council, the international business alliance for corporate maritime responsibility.
CargoX impressively voted the Most Innovative Solution 2019 and best Blockchain Innovation of the Year 2019 by a panel of global audiences and experts, against TradeLens, Panalpina Pharma blockchain, and the Digital Silk Road initiative
12 Nov 2019
Experts, users, and analysts around the world voted CargoX technology Most Innovative Solution 2019 and the Blockchain Innovation of the Year 2019 at the Transport & Logistics Middle East (TLME) Excellence Awards.

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