Introducing CargoX Smart B/L™ Blockchain-Based Bill of Lading (B/L) Documents for Global Trade
CargoX is reshaping the global logistics industry by introducing Smart B/L™ documents based on blockchain technology, replacing old-style paper Bill of Lading documents. With the Smart B/L™ users will be able to state and transfer cargo ownership rights without the hassle of handling paper.
Blockchain and Smart Contracts are made for this industry.
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Reshaping the Shipping Industry
With Smart B/L™ on the blockchain there will be no need for paper Bill of Lading anymore.
Bill of Lading Fact Sheet
From the Past to the Future
A Bill of Lading is issued for sea-freight shipments and it gives the holder of this document the ownership rights to the cargo.
Using express courier services, it usually takes 5 to 10 days and it costs around $100 to get this document from origin to destination. By using Smart B/L™, which is a blockchain-based token, we cut down the time and costs needed for B/L transfers. By sending tokens on the blockchain you can easily and securely change the ownership from Exporter to Importer which makes the Smart B/L™ tokens the perfect tool for claiming the ownership rights to the cargo.
Smart B/L™ is built on top of the blockchain’s capability to transfer digital value in an open and decentralised way, bringing this to the paper-plagued world of Global Trade.
This greatly reduces the time and costs associated with handling paper-based Bill of Lading documents, saving millions of dollars and reducing the burden on our environment.
|TraditionalPaper B/L||Smart B/L™|
|B/L fee (USD)||from 35 - 100||15 (bulk discounts available)|
|Sending costs (USD)||average 100||0|
|Change of ownership||by sending original B/L||Instant, from dApp|
|Time in transit||5-10 days||Instant|
|Can be stolen||Yes||No|
|Can be lost||Yes||No|
|Archiving||Expensive paper storage||Included|
|Cargo information (location, temperature,etc)||No||Yes|
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