CargoX partners with dexFreight to provide Smart B/L™ and cost-effective logistics operations
(Sunrise, Florida – March 7, 2019) -- CargoX, the provider of the first blockchain based Smart B/L™ solution, has today partnered with the blockchain-based logistics platform dexFreight. The two blockchain companies will collaborate in offering Smart Bill of Lading solutions and cost-effective logistics operations.
The dexFreight platform will integrate CargoX’s Smart B/L™ service to provide shippers, carriers, consignees, and other supply chain stakeholders with a digital bill of lading solution to replace all their paper documents and reduce the total time needed to transfer ownership from 10 days to only 20 seconds.
“Our partnership with CargoX will allow users to transfer cargo ownership rights without the hassle of handling paper, notary, and traditional attestations, while they maintain and track provenance. In addition, they can be factored and/or sold as a tokenized debt instrument in the open market at a much lower cost than traditional financing,” said Rajat Rajbhandari, CEO and co-founder of dexFreight.
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