CargoX | CargoX Platform for Blockchain Document Transfer is #builtonEthereum #poweredbyPolygon
Home
Why The CargoX Platform
Videos
Platform Help Login Register
Menu
Exporting to Egypt? Prepare for Egyptian ACI NOW. Start here

CargoX Platform for Blockchain Document Transfer is #builtonEthereum #poweredbyPolygon

May 21, 2021, 12:29 p.m.

(Ljubljana, Slovenia; Bengaluru, India - 21 May 2021)The CargoX Platform helps companies build trust in a trustless environment for the logistics, manufacturing, finance, trading, energy, and services industries. It is built on Ethereum, and powered by the Polygon scaling solution. 

It was built with a simple idea to tokenize the most valuable document in ocean shipping - the Bill of Lading - to avoid sending the document with courier services, and to transact it with the help of Polygon, a scaling solution built on Ethereum.

Tokenized document hashes are sent between companies/users as needed using the ERC721 NFT tokens, while highly encrypted documents are stored on a distributed InterPlanetary File System. CargoX has extended the platform to support more than 60 types of documents, among them the financial Letter of Credit, contracts, certificates, and other documents that might need the transfer.  Workflows can be adapted, and escrow services can be implemented.

Polygon has established itself as the go-to Blockchain for high-throughput NFT applications with more than 250+ Decentralized Apps using Polygon’s technology. The collaboration with CargoX is a brilliant use of Polygon’s technology at scale to solve a huge problem faced by the global shipping industry, reducing costs, and increasing speeds in the blockchain implementation.

Sandeep Nailwal, Co-Founder, Polygon: “We are thrilled to work closely with the CargoX Team, a company that is renowned for their Blockchain Data Transfer solutions. The CargoX Platform will help thousands of businesses bring transparency, speed and decentralized accountability by tokenizing Bill of Ladings, and we aim to strongly support their high-speed growth through Polygon’s scaling solutions.

 

Request a demo
View full press release

Other press releases

A day to remember: The first ever blockchain-based CargoX Smart B/L™ has successfully completed its historic mission during a trial shipment from China to Europe
23 Aug 2018
The container, processed with the revolutionary new blockchain-based CargoX Smart Bill of Lading™, has been released successfully in the Port of Koper, Slovenia (EU), where it arrived on Sunday, 19 August 2018, completing its journey from Shanghai (China) aboard the cargo ship Ever Safety, and was shipped by one of the world’s largest freight forwarders.
CargoX Monthly Review - July 2018
2 Aug 2018
July was a month that brought about some dramatic events at CargoX! We joined BiTA, signed partnerships with Fracht AG and OceanX, and sent the first ever official Smart Bill of Lading for an official shipment!
First ever blockchain based Smart B/L was issued on a route from China to US First Lady Melania Trump’s home country of Slovenia
30 Jul 2018
This is 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 the middle of August.
CargoX and the OceanX network partner-up to set new standards of excellence in the shipping trade
27 Jul 2018
CargoX and OceanX, the leading sea freight specialist network, have agreed on a strategic partnership, bringing the blockchain enabled Smart B/L to OceanX NVOCC members.
CargoX and Fracht AG partner to reshape global trade with blockchain
24 Jul 2018
We have 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 means to use the CargoX Smart B/L with its business customers.
CargoX, the producer of Smart B/L, joins BiTA
13 Jul 2018
CargoX, an independent supplier of blockchain-based solutions for logistics, has become the latest member to join the Blockchain in Transport Alliance (BiTA).
CargoX Monthly Review - June 2018
5 Jul 2018
June was a busy month, as always! Everybody is rushing towards the summer holiday season. But not CargoX - we are rushing towards the market’s adoption of our CargoX Smart B/L solution!
CargoX is setting up a scholarship fund for students of logistics who are keen on blockchain
14 Jun 2018
CargoX, the provider of smart public blockchain-based solutions for the logistics and supply chain industries, is proud to announce the establishment of a scholarship fund intended for students at colleges around the world. Among the first of these is the Faculty of Logistics at the University of Maribor, which will receive funding for a student of logistics.
CargoX Monthly Review - May 2018
8 Jun 2018
May was just another one in the line of busiest months ever for us! We got huge amounts of work done - our CargoX Smart B/L solution is in its final development stage, our partners are actively testing it, and we have made a lot of progress on some interesting integrations as well.
CargoX presented at the EurTradeNet Annual 2018
5 Jun 2018
The CargoX Smart B/L solution was presented at the EurTradeNet Annual 2018 event. Over 50 top managers from companies operating throughout the whole EU had the chance to see the Smart B/L at work, along with guests from Eastern Europe Customs offices.

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