CargoX is reshaping the global future trade form through the blockchain-based bill of lading system. CargoX is an independent provider of smart bill of lading systems that provide an extremely fast, secure and cost-effective way to process bills of lading anywhere in the world. CargoX has developed a decentralized platform based on the Ethereum network, blockchain document processing system technology and future product lines for the supply chain industry. CargoX won the 2018 Blockchain Innovation Award, the 2018 World Road Transport Federation World Entrepreneurship Award, and passed the preliminary review in the Financial Times/RSG Consulting 2018 Smart Business Award.

CXO tokens are the basic tools of the CargoX platform pillar. On the protocol level, CXO tokens must be used to exchange CargoX services, such as issuing smart bills of lading and smart letter of credit documents, that is, CXO tokens can be regarded as "gasoline" issued by smart bills of lading. ". Gas is always consumed during processing, so CXO tokens are not purely utility tokens, but a special subcategory—passage tokens. Using CXO Tokens as an internal payment - buying smart bills of lading - creates a unique speed receiver to really feel the value of CXO Tokens.

1. Project introduction

Richard's company is formed by a number of experienced innovators in the logistics industry. The team is developing a suite of smart contracts designed to disrupt the supply chain industry. In addition to launching bills of lading based on blockchain technology, the company will continue to cooperate with banks and insurance companies to develop smart letters of credit, and will realize cryptocurrency settlement in the future.

CargoX's smart bill of lading based on blockchain technology retains the basic features of all paper bills of lading, and enhances these features with a decentralized ecosystem, including speed, security, and transparency. In addition, it provides the basis for further integration of value-added features, including smart L/C agreement, insurance, etc.

Advantages of smart bills of lading:
Improved security: bills of lading have no central storage area, the most important documents in global trade are encrypted and securely written in the blockchain network, only with the trader's Only the private key can be accessed, and there is no danger of being hacked.

Speed ​​up: Smart bills of lading can be transmitted to end recipients in 10 minutes.

Excludes the demurrage period and demurrage fee: the bill of lading eliminates the possibility of sending the wrong address, and eliminates the disadvantages of long detainment time after the arrival of the goods and exceeding the free time period of the goods storage.

2. Comment

CargoX is an independent provider of blockchain-based Smart Bill of Lading (Smart B/L™) solutions that provide an extremely fast, secure, reliable and cost-effective way to process bills of lading anywhere in the world . CargoX has developed a decentralized platform based on the Ethereum network and provides a series of future products for the supply chain industry.

CargoX's first product - Smart B/L™ MVP - was publicly showcased at the 8th International Logistics Congress on April 12, 2018, and field tested by its partners. The blockchain-backed CargoX Smart B/L™ provides users with premium services at a very low cost (<$15). Users of CargoX Smart B/L™ can securely and transparently transfer cargo ownership in seconds rather than weeks.

Related Links:

https://cargox.io/

https://cargox.io/CargoX-Whitepaper.pdf

https://www.jianshu.com/p/debb7a837f9f