Home
Why The CargoX Platform
Videos
Login Register
Menu

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

Aug. 23, 2018, 7 a.m.

(Shanghai/Koper - 23 August 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. 

The Bill of Lading for this shipment has been issued electronically and transferred with the help of an ultra-secure and reliable public blockchain network in just minutes instead of days or weeks, and the chances of loss, theft or damage to the Bill of Lading have been dramatically reduced to near-zero. 

At $15, the cost of such a safe electronic Bill of Lading was a mere fraction, approximately 15% of the estimated usual price for a paper document to be transferred through courier services across the globe. 

The whole process was completely official, compliant and hassle-free, which has been unanimously confirmed by all the partakers in Asia and Europe. 

The importer was the company Metro d.d., better known for their network of MANA clothing stores throughout the CEE region, with a chain of 200 shops. "We are extremely happy to be able to confirm that all went well with the new blockchain-based electronic Bill of Lading, as this will give us the opportunity to lower the cost of importing goods significantly. We import hundreds of TEU from the Far East, and we are always trying hard to optimize our supply chain. If it raises the safety and reliability of the document transfer, that is an added value for us as well!" said Miloš Košir, logistics manager of Metro d.d.

The exporter, the Hangzhou Doko Garments Co. Ltd., is one of the 1,000+ manufacturing plants in the Hangzhou region, which represent 50% of China’s roughly 600 ready-to-wear brands focused on the upper-middle class women’s fashion market. Their CEO, Mr. Lin, approves of the CargoX Smart B/L™:”We were glad to comply with the new process, as it was really easy and swift to implement, and the possibility to oversee where the B/L currently is and always have the archive accessible are advantages that we really think could bring a great benefit to us. We are looking into the opportunity and the effect it would have on our company as a whole.”

CargoX, led by Stefan Kukman, founder, and CEO, is now confirming the availability of the blockchain-based Smart B/L™ to business customers, with many successful trials already underway. 

“Our initial idea was to solve one problem at a time and not to solve all the problems that the shipping industry is facing at once. Looking at the current situation we made a proper decision and sticking to our game plan is paying out. By successfully completing the official test shipment we are concluding our development and testing phase of our CargoX Smart B/L™ solution, which will now be available to all logistics and shipping companies who want to reduce their Bill of Lading issuing and processing costs by up to 85 %, as well as save weeks waiting for the document, and who also want to have complete security and document ownership transfer capabilities,” said Stefan Kukman, CEO and founder of CargoX, a blockchain solution provider for the logistics and shipping industry. 

CargoX plans to be present at major logistics fairs and events, and customer trials of the solution are available from September 2018. 

The shipment of garments was sent on Friday, 27 July 2018. 
The shipment in question was a 20-foot (1 TEU) container, containing 24.8 cbm (cubic meters) of garment cargo, weighing 3752 kg. 
The container was loaded in the port of Shanghai, China, and it was discharged in the port of Koper, Slovenia (European Union).
The ship carrying it was the Ever Safety, a 299.99 x 42.8 m cargo ship built in 2007. 


Read more about CargoX Smart B/L™


View short press release

Other press releases

First In The World: CargoX’s Blockchain Platform Is Open for Business
14 Nov 2018
(Ljubljana, Hong Kong - 14 November 2018) - CargoX is launching the CargoX platform today to become the first open, neutral, and accessible blockchain platform in the shipping industry. The platform can be used by businesses of any size, and it was recently selected as the winning innovation at the IRU World Congress among 77 startups after a presentation in front of over 1000 attendees from more than 60 countries. CargoX was also shortlisted at the Financial Times 2018 Intelligent Business Awards.
Financial Times/RSG shortlists Cargox at 2018 Intelligent Business Awards
13 Nov 2018
CargoX is shortlisted at the Financial Times/RSG 2018 Intelligent Business Awards. The awards ceremony will be held at the 2018 Intelligent Business Forum in San Francisco on November 14th.
CargoX Monthly Review - October
13 Nov 2018
October was so intense, with all the preparations for the go-live of the CargoX platform, that we almost forgot to send this monthly review! So, here is November … we are in the middle of it, but we feel that the big bang is coming!
CargoX wins the IRU World Congress Startup competition among 77 competitors
8 Nov 2018
CargoX wins the IRU World Congress Startup competition among 77 competitors, 1000+ attendees from 60+ countries in Muscat, Oman.
The CargoX open platform showcased with full functionality at JOC Logistics Technology conference in Las Vegas
1 Nov 2018
The CargoX platform was presented at the JOC Logistics Technology conference in Las Vegas by Patrick Vlačič, CargoX’s maritime legal expert, on stage with Andrew McLoone, director of operations at BDP International.
CargoX Smart B/L™ showcased at FreightCamp freight forwarders conference, organised by the Pangea Logistics Network and Connecta Airfreight Network
23 Oct 2018
The CargoX Smart B/L™ solution was showcased at Freightcamp, a Pangea and Connecta global networks meeting, to more than 400 members of both networks.
CargoX partners with Sprint International Express consolidated shipping company
18 Oct 2018
CargoX, the provider of the Smart B/L™ based on the CargoX blockchain document transaction system (BDTS), partnered with Sprint international Express, a comprehensive cargo and logistics provider, to provide Smart B/L™ services to their customers.
CargoX ist ein Berliner
11 Oct 2018
We are opening a representative office in Berlin, the economic heart of Germany. Implementation projects for that region will be managed from this office.
CargoX leading blockchain provider at the Smart Ports & Supply Chain Technologies conference
10 Oct 2018
Igor Jakomin, COO of CargoX, presented the CargoX Smart B/L™ at the Smart Ports & Supply Chain Technologies conference, held by the cargo industry’s leading journal, Port Technology, in Europe’s premier port city of Rotterdam on October 2-3.
CargoX Monthly Review - September
4 Oct 2018
September was the month CargoX was waiting for. After working tirelessly it’s all systems go for launch - the Smart B/L™ solution is almost ready for any company that wants to start using it. Our engineers have fixed bugs and reviewed the software code, and our numerous partners have been testing the solution and providing feedback.

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