Exporting to Egypt? Prepare for Egyptian ACI NOW. Start here

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

State of Electronic Trade Document Transfer 2022

CargoX surveyed over 400 supply chain professionals from global businesses to to understand the reasons and the current state of adoption of electronic trade documentation. Join Joel Schrevens, Emmanuelle Ganne, John Monarch and Peter Kern for deep insights!

Arab Bank and FIATA, CargoX, eDoxOnline testing transfer of electronic FIATA BL #eFBL

FIATA and Arab Bank, together with CargoX, eDoxOnline launched a Proof of Concept to test the transfer of an e-FIATA Bill of Lading #eFBL between two customers of the bank using different eBL platforms. This is a major step in achieving and providing interoperability.

Market report: Industry blindspots blocking adoption of digital trade documents transfer

CargoX, the global blockchain company leading the world on the digital transfer of trade documents, has identified three key factors preventing the widespread adoption of digital trade documents transfers across the supply chain.

DCSA begins final phase of eBL platform interoperability proof of concept with support from ocean carriers, ExxonMobil and eBL platform providers

Digital Container Shipping Association (DCSA) announced phase two of its electronic bill of lading (eBL) platform interoperability proof of concept (PoC) with CargoX, edoxOnline, essDOCS and WAVE BL.

CargoX blockchain technology takes flight in Egypt with ACI Air

The Government of the Arab Republic of Egypt continues to expand its Advance Cargo Information (ACI) system implementation footprint by including Egyptian airports. The system is on “Trial” basis as of 15 May 2022 and is scheduled to become “LIVE” as of 1 October 2022.

CargoX starts issuing standardized paperless FIATA Bills of Lading

CargoX among first to start issuing standardized, paperless FIATA Bills of Lading in partnership with the International Federation of Freight Forwarders Associations (FIATA).

CargoX joins International Chamber of Commerce

CargoX has joined the International Chamber of Commerce, a business organisation covering 45 million companies, 1 billion employees in more than 100 countries.

Blockchain blockbuster - Egyptian government extends ground-breaking customs project with CargoX

The unprecedented early success of the blockchain Advance Cargo Information (ACI) processing project leads the government of the Arab Republic of Egypt to convert its agreement with CargoX into a five-year commitment.

EBRD and QNB ALAHLI accelerate trade finance digitalisation with a trial of Contour digital trade finance network with integrated CargoX Platform

The CargoX Platform for Blockchain Document Transfer (BDT) was used in three test transfers of letters of credit on the digital trade finance network Contour, conducted by the European Bank for Reconstruction and Development (EBRD) and QNB ALAHLI, one of the largest commercial banks in Egypt.

VOTE for CargoX at the Transport & Logistics Middle East Innovation Awards 2022, among leading global logistics and tech companies

CargoX has been shortlisted in the category MOST INNOVATIVE COMPANY – TECHNOLOGY, where it competes among DHL, Gaussin, DP World, IQ Robotics, AD Ports Group, and other companies in different categories of the TLME Innovation Awards 2022.

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