Home
Why The CargoX Platform
Videos
Platform Help Login Register
Menu

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

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.
CargoX at transport logistic China 2018, the leading trade fair for logistics, mobility, IT, and supply chain management
18 May 2018
CargoX is making moves across the globe and making an impact at all the world’s most important trade fairs. This is one of them!
CargoX at the Collaborative Innovation Days - blockchain applications and cases in logistics for a 30% improvement of end-to-end logistics performance by 2030
11 May 2018
The CargoX Smart B/L solution was presented at the Collaborative Innovation Days 2018, where blockchain applications and cases for logistics were presented. The event was organised by the European Technology Platform ALICE - Alliance for Logistics Innovation through Collaboration in Europe, and we caused quite a stir-up!
CargoX Monthly Review - April 2018
8 May 2018
April was a wild month, so we’d like to recap its greatness! The highlight of the month was when we presented a demonstration of the CargoX Smart B/L solution live, on stage, before audiences across Europe on April 12th, 2018. The demo was a complete success!
CargoX presented exclusively at the European Commission’s Mobility and Transport department
4 May 2018
The CargoX Smart B/L solution was presented exclusively yesterday in the office of the European Commission’s (EC) Mobility and Transport department, headed by Mrs. Violeta Bulc.

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