CargoX

CargoX is a platform developed by the vendor, CargoX, that utilizes blockchain technology to facilitate the secure and instant transfer of various types of documents, including bills of lading. According to the vendor, this solution is designed to cater to companies and authorities of all sizes, including freight forwarders, shipping companies, logistics providers, importers and exporters, and customs authorities. With its advanced features and user-friendly interface, CargoX aims to streamline document management and enhance communication within the supply chain.

Key Features

Instant transactions: According to the vendor, documents can be delivered in seconds, reducing the risk of failed document delivery and minimizing delays and associated costs.

All types of B/L supported: CargoX claims to support the transfer of various types of bills of lading, such as master, house, switch, FIATA, BIMCO, standardised, negotiable or non-negotiable bills of lading, telex releases, waybills, and more. It is designed to cover all modalities, including sea, air, road, and rail.

Military grade encryption: The vendor states that CargoX ensures the highest level of business confidentiality through the use of military-grade encryption, which is intended to prevent delays, conflicts, tampering, and misuse of documents.

Return or rescind documents: Users reportedly have the ability to return documents to the sender or destroy them when in possession. According to the vendor, this action is recorded on the blockchain, providing transparency and accountability.

Custom attachments: According to the vendor, users can add custom attachments, such as invoices, receipts, warranties, certificates, or similar documents, to an envelope for transfer.

Paperless workflow: CargoX is said to offer a completely paperless and touchless workflow, enabling remote workflow processing and supervised team collaboration.

Audit trail of events only for the participants involved: Each individual document is claimed to have its own audit trail, allowing users to track when it was delivered to the recipient. The vendor states that the audit trail is accessible only to the participants involved in the document transfer.

Web access or API integration: CargoX provides users with the flexibility to access the platform either through a web interface or by integrating it with existing systems using API.

Select recipients from business contact list: Users can reportedly easily select recipients for document transfer from their business contact list, streamlining the process and ensuring accurate delivery.

Create and transfer structured and unstructured documents: According to the vendor, CargoX allows users to choose between using their existing documents or generating new ones. It is claimed to support both structured and unstructured documents, providing flexibility for different document types.