CargoX utilizes the Matic Network for efficient real-time Blockchain Document Transactions (BDT)

Nov. 2, 2020, 8 a.m.

(Ljubljana, Slovenia - 2 November 2020) - CargoX, the maker of the CargoX Platform for Blockchain Document Transfer (BDT), has connected to the Matic Network - a sidechain to the Ethereum blockchain - to provide even faster and more cost-efficient original document transactions.

The CargoX Platform is built using Ethereum blockchain technology and runs on top of the Ethereum Mainnet neutral public blockchain network. This exposes CargoX to internal document transaction fee fluctuations because of the current Ethereum network congestion. Therefore, CargoX has decided to utilize a sidechain - a secondary blockchain - for immediate document transaction validation, while preserving all the original Ethereum Layer 1 network functionalities within the solution.

“The CargoX Platform remains the electronic bill of lading platform of choice for companies aiming to use technology based on neutral, public networks. Even with this change, we preserve all the features that earned the CargoX Platform impressive awards and industry recognition, and we remain on course as the provider of the most reliable, secure, and transparent blockchain document transfer in the shipping industry,” said Stefan Kukman, founder and CEO of CargoX.

Read more about the CargoX Platform Request a demo

View full press release

Other press releases

Misr Technology Services “MTS”, the operator of the national single window for Egyptian trade across borders platform, has authorized CargoX as the blockchain document transfer gateway for the Advance Cargo Information System

The Government of Egypt has made mandatory Advance Cargo Information (ACI) declarations for all cargo inbound to Egypt starting on 1 July 2021. CargoX is authorized as the blockchain document transfer gateway service provider for the National Single Window for Foreign Trade platform (NAFEZA), built by Misr Technology Systems (MTS).

CargoX among companies selected for e-FIATA Bill of Lading proof of concept

International Federation of Freight Forwarders Associations (FIATA) has launched a proof of concept to test the tracking solution behind its e-FIATA Bill of Lading (eFBL). CargoX is proud to be among the volunteering companies providing this proof of concept for the eFBL.

CargoX listed as a Cleantech 100 company

Out of thousands of innovators from across the globe, CargoX was named a 2021 Global Cleantech 100 Company by Cleantech Group.

New partnership between CocoonFMS & CargoX brings costs savings and document security to supply chain management

CargoX will be integrated into the CocoonFMS product CocoonTMP (Transport Management Portal) to allow 3PLs and freight forwarders customers to upload their documents securely using CargoX Platform for Blockchain Document Transfer (BDT).

Contour partners with CargoX to transform bills of lading

Contour, the Singapore-based global trade finance network has announced its partnership with CargoX, the blockchain platform for transferring documents and data including a certified electronic bill of lading solution.

CryptoBLK and CargoX establish strategic partnership to advance global trade and supply chains

CryptoBLK, an enterprise DLT/blockchain technology company, and CargoX join forces to streamline processes and accelerate digitalization in global trade and supply chains by integrating two blockchain platforms, Atlas Elite and the CargoX Platform.

CargoX competes among 12 supply chain semi-finalists at Pitch Your Startup

CargoX will pitch at the Pitch Your Startup (PYSU) event held on 15 September in Luxembourg. CargoX is one of 12 semi-finalists in the category of Supply Chain.

CargoX's digital bill of lading allows Forward Together and Tech Cargo to ship with no need for physical documents

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

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

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.

First page 1 2 3 4 5 6 7 8 9 10 Last page

Your free demo session with our experts

Please fill out the form below, and we will get back to you as soon as possible.

Company name

Name

Business email

Position in company

Company size

Industry

Country

Captcha

I would also like to subscribe to the CargoX Newsletter

By submitting your data through this form you agree with our Privacy Policy.

Trying to download the logo?

We have a better idea! Find high quality visuals in our press kit section.

Visit press kit