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.

“The shipping industry still uses paper for issuing proof of cargo ownership.
Blockchain and Smart Contracts are made for this industry.”

Read the LATEST NEWS at cargox.io/press-releases
Read all about the project at cargox.io

SEE HERE → The CargoX team is posting regular updates on CargoX webpage, Telegram, Twitter, LinkedIn!
As mentioned in Week in Ethereum News 23 Feb 2020!


A quick summary of core functionalities
Bill of Lading
Companies in global shipping need to send ownership documents called Bill of Lading (House B/L, Switch B/L, Master B/L, etc.) for the goods in the containers or breakbulk goods through courier services. That is slow, expensive, and prone to human error, damage, loss or theft. If a document gets lost or damaged, hundreds of thousands of dollars can be lost, too.
The CargoX platform enables blockchain document transfer and statement of ownership - in just minutes, for a fraction of the cost. And the companies receive a secure, decentralized, searchable archive!
Companies can pay for services rendered with CXO tokens, ETH, or with FIAT (and CargoX provides CXO exchange services for them).

CXO token
Each Bill of Lading requires a certain amount of CXO to be paid (calculated at time of credit purchase), and after smart contract issues credits, 70% of received tokens are burned - sent to 0x0000000000000000000000000000000000000000 (removed from circulation). The remaining 30% of the CXO intended for the credits are returned to the CargoX Treasury.
Please note, CargoX withholds the right to change the treasury/burn/buyback rates if needed for the smooth operation of the platform. The 70% burn rate has been announced after the ICO, in the CargoX Bluepaper, and has never been changed since.

CXO Treasury
CargoX has a treasury to buffer for companies who do not wish to deal with CXO themselves, and the treasury is limited to max 25%, min 10% of all CXO issued. When the treasury depletes, the platform will purchase tokens from the market.

CXO supply & burn events
CXO initial final supply: 215,119,016
CXO token smart contract: https://etherscan.io/token/0xb6ee9668771a79be7967ee29a63d4184f8097143
CXO token burn events: https://etherscan.io/token/0xb6ee9668771a79be7967ee29a63d4184f8097143?a=0x0000000000000000000000000000000000000000

MAJOR MILESTONES
See CargoX news section for details

• [Feb 2020] HISTORIC approval by the International Group of P&I Clubs (insurers of 90% of ocean shipping), only 6 platform approved so far
  
• [Nov 2018] Platform go-live (awaiting P&I approval!)
• [Aug 2018] The first-ever blockchain-based CargoX Smart B/L™ completes its historic mission
• [Apr 2018] CargoX MVP demoed at the 6th International Logistics Congress
• [Mar 2018] CXO proved as a payment option to external service providers
• [JAN 2018] CargoX ICO - USD 7 mil raised in 7 minutes, 40 seconds

CargoX won the following awards!

• NOMINEE at Financial Times Intelligent Business 2018 Awards
• FINALIST at the top tier SXSW Pitch 2019
• 2X WINNER Most Innovative Solution 2019 and best Blockchain Innovation of the Year 2019 at Transport & Logistics Middle East (by a panel of global experts, against TradeLens, Panalpina Pharma, Digital Silk Road …)
  
• WINNER of International Road Transportation World Congress Startup Competition (77 startups)
• LISTED as 2019 & 2020 FreightTech 100
• WINNER of #DataccionConnect Blockchain Innovation Award

About the CargoX Platform

• Overview
• Smart B/L Solution
• API Integrations
• CargoX Business Overview and Technology Bluepaper
• Introduction to the CargoX blockchain-based Bill of Lading, documents for global trade

Pages to watch

• About the CXO token
• The unofficial CargoX Tracker
• Official CargoX Press releases
• Official CargoX - list of media articles

Social channels

• Telegram announcement group: https://t.me/cargoxio
• Telegram chat group: https://t.me/joinchat/EpKs_UawTRFLogW_lohT7A
• Telegram bot - CargoX platform smart contract events: https://t.me/CargoxEvents
• Reddit: https://reddit.com/r/cargoxio
• Twitter: https://twitter.com/cargoxio
• LinkedIn: https://www.linkedin.com/company/cargox-io
• Facebook: https://www.facebook.com/cargox.io

Partners announcements (see the whole list here).
Please note some partners are still under NDA, so they are not listed or announced yet!).
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• G2 Ocean - largest global breakbulk carrier, 130+ ships, based in Norway
• Fracht AG - Swiss tailor-made logistics solutions, over 100 offices across the world
• ConsolFreight - digital platform for freight forwarders
• Milšped Group - regional logistics company
• OceanX - a non-exclusive global network of leading ocean freight providers and NVOCC
• Global Cargo Alliance - a secure business platform for freight forwarders
• RoadLaunch - IoT and blockchain digital freight management platform
• dexFreight - logistics platform
• Mana - a chain of 100+ garment stores
• TPG Logistics - regional logistics specialist
• DBA Group - technology consulting giant
• Actual Group - advanced IT solutions for port logistics operations
• Europacific - regional logistics company
• CDM Software Solutions - a certified U.S. Customs and freight forwarding, export/import application provider
• Freightalia - freight quoting and rate management system provider
• Globalink - prominent freight forwarder network
• Global Value Network - extension of the proven Globalink network
• Sprint - regional 3rd party logistics provider

CargoX Videos
all videos




Let's talk! Our preferred channels for TWO WAY communications are REDDIT and TELEGRAM CHAT. You will get your answers there the fastest.