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For some time this part of the international logistics industry is testing solutions based on blockchain platforms. CargoX is one of the most recent and we will talk about it on this occasion.
The maritime transport industry has an innovative platform that will allow secure transactions thanks to the open blockchain system, neutral and above all accessible to users.
CargoX is an innovative platform of its kind that offers a decentralized and secure ecosystem for sending digital documents through a public blockchain network.
In this network, customers can send information related to shipments of goods, to common operators that do not operate on ships, to files of exporting and importing companies and to alliances, as well as to global forwarding networks.
A simple platform for shipping companies
The innovative platform of CargoX is based on the Blockchain Document Transaction System (BDTS), which includes the ability to create, transfer and declare the undoubted ownership of information or documentation quickly, easily and safely, for peace of mind. of customers and consumers.
The system also includes bill of lading, maritime guides and other types of documents and customized attachments.
The CargoX platform system is also responsible for the secure storage of encrypted documents and data in a worldwide blockchain public network, so companies or organizations do not have to implement new infrastructure or commissions to perform these activities.
Users of this system need not worry if the company is large, medium or small because the platform can be used by companies of any size, even if they only need to send a BL per day or if their daily process includes hundreds of documents and files.
The CargoX platform has already been implemented, among other companies, by Swiss global logistics specialist Fracht AG, Sprint International Express. In addition, CargoX has confirmed that blockchain-based letters of credit and commercial financing solutions will soon be added to the platform to continue improving the system and meeting the needs of customers in the maritime sector.
But it does not end the good news that the CargoX platform has in terms of development of the block chain in the above sector. It has recently been confirmed that nine maritime carriers and terminal operators signed a memorandum of understanding to form a consortium responsible for the development of the Global Shipping Business Network (GSBN), an innovative digital solution that will be based on distributed accounting technology.
The new platform will connect all stakeholders, including operators, terminal operators, customs agencies and finally logistics service providers in terms of digitizing the supply chain and simplifying the process, saving time, effort and money.
This incredible planned application will give the senders the opportunity to digitize and organize their dangerous goods documents and automatically connect with the important and involved parties to simplify the approval process. The application is scheduled to be available on the market by December 2018.
