Home
Why The CargoX Platform
Videos
Platform Help Login Register
Menu
Exporting to Egypt? Prepare for Egyptian ACI NOW. Start here

CargoX partners with China Systems to enable digital ‘instant liquidity’ model for Global Trade

Oct. 20, 2021, 1 p.m.

(Nanjing City, China, 21 October 2021) – China Systems, the global provider of trade and supply chain finance solutions, has partnered with CargoX to seamlessly integrate the blockchain processing of electronic Bills of Lading and other trade documents into their Trade and SCF platform. The integrated solution bridges physical and financial supply chain processes based on a digital handshake between buyer and supplier, triggering receivables financing.

In August, China Systems announced the concluded development of their end-to-end Digital Collections with Receivables Financing, a fully digital re-engineering of a paper-based process by integrating different platform service providers in a campaign to instantly unlock working capital through a frictionless and highly secure API based exchange of commitments between buyer and supplier. 

Joel Schrevens, Solutions Director of China Systems, said: “We are pleased to be able to offer these advanced digital solutions to the Trade and Supply Chain Finance community, to help them surpass the archaic document-based processes and switch to real-time secure electronic trade processing. Besides processing accuracy, speed, improved user experience and cost-efficiency, it is most important that the new technologies reduce the risk of documentary fraud, which can often be linked to money laundering, terrorist financing, or the circumvention of OFAC sanctions or other restrictions, such as export prohibitions, licensing requirements, or controls. Codesharing our services with business and technology partners with a similar vision like CargoX is part of our holistic trade ecosystem approach. It is what our customers need and it will help in paving the digital path toward a bright future for global trade.”

 

Request a demo
View full press release

Other press releases

See how CargoX writes history with the world’s first and only working public-blockchain based Smart B/L solution
17 Apr 2018
History is written when CargoX presents a live demo of the world’s first and only working public-blockchain based Smart B/L solution in front of 250 specialist and executives at the 6th International Logistics Congress held April 11-13 2018 in Portorož, Slovenija.
CargoX’s blockchain-logistics platform goes live before audiences across Europe
12 Apr 2018
CargoX successfully completed a live demonstration of its Smart B/L Bill of Lading solution, before audiences across Europe, marking the beginning of its beta testing phase and opening the platform to partners in the logistics and shipping industry.
Blockchain startup CargoX signs a major partnership with European logistics giant Milsped
9 Apr 2018
Partnering with Milsped Group, we have gained decades of real-world experience, and deep insight into logistics and supply chains from the cargo handling point of view at a large logistics provider.
CargoX Monthly Update - April 2018
6 Apr 2018
March was a busy month, and we have entered the busiest part of the year. Our MVP development is nearing its completion and internal testing has commenced. But we have also reached some milestones...
It’s Not a Test! Cryptocurrency accepted as payment for container shipments.
22 Mar 2018
Online shipping platform 45HC.COM has become the first shipping company to accept cryptocurrency payments for container shipping. They have integrated CargoX token (CXO).
Strong customer interest reaffirms the need for the CargoX Smart B/L
16 Mar 2018
CargoX is proud to announce first batch of supporters and potential customers, and encourages forward looking companies to join us.
CargoX Monthly Update - March 2018
2 Mar 2018
Read all about what have we been up to in February. While we have been active on multiple fronts, core efforts are on developing the platform and developing the business side.
Industry Veterans Raised Questions About Blockchain in Shipping — And We Answered Them
1 Mar 2018
With our market-neutral blockchain-based bill of lading platform, our goal at CargoX is to empower shippers.
MakerDAO and CargoX partner to revolutionise logistics, supply chains and shipping
21 Feb 2018
MakerDAO and CargoX are excited to announce a partnership that will result in a new generation of exciting smart contract applications in the field of supply chain, logistics and shipping industries.
Q&A with CargoX Founder and CEO Stefan Kukman
28 Jan 2018
About the disruptive potential of blockchain in logistics, getting the industry to adopt new technology, and how a small startup from Slovenia is taking on the shipping business.

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