CargoX | CryptoBLK and CargoX establish strategic partnership to advance global trade and supply chains
Home
Why The CargoX Platform
Videos
Platform Help Login Register
Menu
Exporting to Egypt? Prepare for Egyptian ACI NOW. Start here

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

Oct. 12, 2020, 2:29 p.m.

(Hong Kong, 12 October 2020) - 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, an open account trade finance solution and the CargoX Platform for Blockchain Document Transfer (BDT).

CargoX provides contactless, secure, fast, and cost-efficient original document transfer in supply chain and adjacent industries, such as trading, manufacturing, finance, energy, services, regulators, and governmental agencies. The platform lets companies avoid manually handling heaps of shipping and business paper documents. The CargoX Platform is built atop the open, neutral Ethereum public blockchain.     

Atlas Elite was designed to solve the obstacles to global trade: disconnected systems, heavy paper-based processes, and risk of fraud, which lead to a US$1.5 trillion financing gap, according to the WTO report. Built on Corda blockchain, Atlas Elite enables corporates to carry out trade finance processes digitally and helps financiers reduce credit risks as authentic documents shared on the DLT platform are traceable with high transparency.

The partnership enables banks, corporate clients, logistics companies, and the extended trade ecosystem to digitally transfer documents and manage trade finance and related documents via multiple blockchains simultaneously. Users access the services in one single-window application but can fully enjoy the advantages of CargoX and Atlas Elite at the same time, allowing them to increase the capacity and velocity of their transactions.

Dr. Duncan Wong, CEO of CryptoBLK: “The collaboration with CargoX will significantly help accelerate Atlas Elite’s integration with other innovative systems in the global trade industry. It facilitates Atlas Elite’s users to transfer document ownership between banks, corporate clients, and logistics companies on multiple blockchains. Through the partnership, we believe we can take on the digitization challenges together and provide cost-effective operations in global trade and supply chains.”

“CargoX has been at the forefront of the blockchain revolution and trustworthy internet services development. We are proud that market-leading platforms and visionary companies, such as CryptoBLK with its Atlas Elite, are integrating our services for secure, efficient and fast blockchain document transfer - and in that way also moving the boundaries of the interoperability between blockchains. We firmly believe that blockchain is made to serve as the ultimate proof of document originality, and the most auditable ownership transfer method. Together, we are building digital trust in the business of the future,” said Stefan Kukman, CEO and founder of CargoX.         

About CryptoBLK

CryptoBLK is a technology company focusing on developing, deploying, and operating Blockchain systems, aiming at making global impacts in the financial services industry by delivering software solutions and services based on Distributed Ledger Technology (DLT, a.k.a. Blockchain). Its mission is to unlock new possibilities, improve efficiency and productivity, and simplifying workflow and processes using DLT that is secure, transparent, and trustworthy.

As one of the most prominent world-leading DLT development teams, CryptoBLK has rich experience in developing industry-wide DLT platforms as well as custom-made DLT-based applications for the financial services industry and many other industries. Besides one-stop enterprise-grade Blockchain-based solutions, the team also provides consultancy service on digital asset management and DLT security assessment.

 

More info:
CryptoBLK
Atlas Elite
World Trade Organization Report, P99
Read more about the CargoX Platform Request a demo
View short press release

Other press releases

CargoX becomes the first public blockchain (Ethereum) Bill of Lading provider approved by the International Group of P&I Clubs
20 Feb 2020
CargoX has been granted prestigious approval by the International Group of P&I Clubs. It has become the only approved provider whose platform operates using the neutral, public blockchain Ethereum network.
CargoX is helping exporters and logistics companies during the coronavirus crisis with FREE OF CHARGE blockchain Bill of Lading transfer for companies shipping to/from China
7 Feb 2020
The supply chain industry has been rocked by the outbreak of the coronavirus, which is being handled with extreme efforts from the Chinese government. Unfortunately, many airlines have stopped flying to mainland China, and some courier service providers have omitted service as well.
CargoX Smart B/L platform presented at the NYC Supply Chain Meetup #18 along Tradelens and other projects at the IBM Garage
29 Jan 2020
The CargoX Smart B/L platform was showcased at the 18th NYC Supply Chain Meetup, dedicated to blockchain solutions for the supply chain industry - among TradeLens, OmniChain, RegAlytics, and Ripe.io.
German logistics expert TRANS AURIGA offers CargoX Smart B/L™ services to its customers
12 Dec 2019
TRANS AURIGA, a specialist logistics company from Germany, has begun offering CargoX’s Smart B/L™ document transfer system to its commercial customers.
CargoX becomes an observer of the Digital Transport and Logistics Forum, an initiative forum to the Directorate-General of the European Commission for Mobility and Transport
28 Nov 2019
CargoX, the pioneer of the revolutionary Smart B/L™ blockchain shipping documentation platform and the Blockchain Document Transaction System(BDTS), has become an observer of the Digital Transport and Logistics Forum (DTLF), an initiative forum established for the Directorate-General for Mobility and Transport of the European Commission.
CargoX showcased at the Sustainable Ocean Summit global Blue Economy Business Conference
25 Nov 2019
The CargoX platform was showcased at the Sustainable Ocean Summit’s global Blue Economy Business Conference, held by the World Ocean Council, the international business alliance for corporate maritime responsibility.
CargoX impressively voted the Most Innovative Solution 2019 and best Blockchain Innovation of the Year 2019 by a panel of global audiences and experts, against TradeLens, Panalpina Pharma blockchain, and the Digital Silk Road initiative
12 Nov 2019
Experts, users, and analysts around the world voted CargoX technology Most Innovative Solution 2019 and the Blockchain Innovation of the Year 2019 at the Transport & Logistics Middle East (TLME) Excellence Awards.
CargoX among the hot 2020 FreightTech 100
23 Oct 2019
CargoX has again been nominated among the best companies in the freight and logistics field. This time, FreightWaves has nominated CargoX to be one of the FreightTech 100 award winners among more than 1,200 nominations and companies like Amazon, Tesla, Uber Freight, to name just a few.
The Future of Logistics meets CargoX Smart BL™
21 Oct 2019
The CargoX Smart B/L™ platform has been showcased at the Moving Slovenia 3.0 - The Future of Logistics conference, held in Slovenia, at the prestigious national Brdo Congress centre. Jaka Mele, CDO of CargoX, was one of the featured speakers, among other industry experts and top logistics managers.
CargoX at the EC-organized Digital Transport Days
10 Oct 2019
CargoX participated in the high-level conference about transport and mobility held by the European Commission, where service integration, data exchange and reuse, and data safety were the hot topics under discussion.

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