CargoX is the independent supplier of blockchain-based Smart Bill of Lading (Smart B/L) solutions that provide an extremely fast, safe, reliable and cost effective way to process Bills of Lading anywhere in the world.
Online Smart B/L can be benefitted by Forwarders / NVOCC's, Shipping Lines / Carriers, Exporters / Importers, Ecosystem providing solutions for logistics & supply chains, All companies where sending important documents is part of their work flow.
Security - Blockchain is a matter of trust and has no central storage that can be attacked by hackers. Global trade's most important document is encrypted and securely written on the blockchain network, accessible only via trader's private key.
Ultra fast Delivery - The smart B/L's are issued instantly and are immediately available to the exporter. When agreed upon conditions are met, the smart B/L is transferred to the legal owner of the goods instantly, with no couriers in the middle.
Just like sending a mail -The Smart B/L's fast delivery minimize the possibility of detention, demurrage and storage charges due to the instant transfer of ownership.
Cost Reduction of B/L Transfer - Each Paper B/L changes hands at least three times, with couriers making it extremely expensive and slow. The average cost to send a B/L three times is around $100. Our solution saves Shipper's and Consignee's up to 100% of their courier and postal costs. Implementing Smart B/L translates into instant growth of positive working capital.
Paperless - The blockchain-based Smart B/L does absolutely everything that a paper one does, but with a huge difference: it is completely eco-friendly, and it lets forests around the globe continue to thrive. With less printing and no transportation, everyone wins, especially our planet.
Tracking & Storing - Every transaction is traceable. The sequence of events is clearly defined and forever written on the blockchain. Your Smart B/L is securely stored in an immutable database.