Government of India drives digitalization of the bill of lading and trade documents with Portall and CargoX

Government of India

India is digitalizing its bills of lading and other trade documentation workflows as one of the last missing elements within the country’s electronic Port Community System (PCS).

The PCS, offering the P-CaSo curated marketplace of specialized services, was built by Portall Infosystems, and they have integrated CargoX’s Platform for Blockchain Document Transfer (BDT).

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CargoX public blockchain Bill of Lading gets approval by International Group of P&I Clubs

Shipping and Freight Resource Press Release

CargoX, the provider of the CargoX blockchain document transfer (BDT) platform, announced that they been granted prestigious approval by the International Group of P&I Clubs.

The release says that CargoX It has become the first and only approved provider to use the neutral, public blockchain Ethereum network for its platform.

The International Group of P&I Clubs (the IG) is an unincorporated association of the 13 principal underwriting Protection & Indemnity (P&I) Associations (Clubs) and their Affiliated Associations and Reinsured Entity.

Between them, they provide liability cover (protection and indemnity) for approximately 90% of the world’s ocean-going tonnage. Of the world’s top 25 reinsurers, 22 were featured on the group’s program in 2019.

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It’s not a zero-sum game: CargoX and RoadLaunch merge the worlds of public and private blockchains

shipping and freight news

CargoX, the public blockchain logistics document transaction platform which was built on a public blockchain, has been integrated into RoadLaunch, the private blockchain-based digital freight management platform.

This is the first publicly available integrated product in logistics of this kind, which merges the strengths of public and private blockchains in one solution to provide business users with the best of both worlds.

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When Public blockchain meets Private blockchain

blockchain - shipping and freight resource

The blockchain technology and its integration with IoT seem to be quickly catching on and the practical uses and benefits of these integrations would be interesting to watch..

Recently two companies announced that they will come together to create a joint platform to service thousands of users in the transportation sector..

One is RoadLaunch, an intuitive, fully integrated and easy-to-use system for freight quoting, dispatch, capacity management, load matching, asset tracking, transparency and instant settlement..

The other is CargoX, a multi-award winning open and independent platform based on blockchain technology highly regarded as the optimal way to transfer information of value in the digital shipping business..

This partnership will integrate CargoX’s Blockchain Document Transaction System technology, powered by the Ethereum Network, with RoadLaunch’s permission-based blockchain platform..

How will this work..??

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CargoX blockchain Smart B/L app is open for business and here’s what it can do..

CargoX Smart Bill of Lading - Shipping and Freight Resource

You may have read my review about CargoX’s blockchain based smart bill of lading where I explained how it works..

CargoX is an independent supplier of public-blockchain-based solutions for logistics looking to transport the global supply chain industry into the 21st century..

CargoX’s Smart B/L™ is the first open, neutral blockchain platform in the shipping industry for real-world commercial use and it is now open for business..

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CargoX wins the IRU World Congress Startup competition

shipping and freight news

CargoX wins the IRU World Congress Startup competition among 77 competitors, impressing more than 1000 attendees from over 60 countries.

The IRU organization is constituted of more than 100 national transport associations and transport operators. Igor Jakomin, Ph.D., COO of CargoX, pitched the CargoX platform to a jury of venture capitalists, business professionals, and industry experts.

The startup competition was organised by Road Ventures SA, a Captive Venture Capital Fund that supports innovation in mobility. The competition was dedicated to launching and advising the world’s next wave of leading entrepreneurs.

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Product Review : CargoX’s Blockchain based Smart Bill of Lading

CargoX Smart Bill of Lading - Shipping and Freight Resource

Blockchain based Smart Bill of Lading by CargoX

Smart Computers, Smart Phones, Smart Cars and now Smart Bill of lading..!!!!

Shipping documentation in its current form has been around for many decades and has been working quite well..

There are several factors that are involved in the preparation, checking, transmission, hand over, payment and many of the intrinsic activities involved in the process of a bill of lading..

When I first heard of the Blockchain based Smart Bill of Lading by CargoX, I was a bit unsure as to how this new technology will replace all of the above as there are several such products trying to break into the shipping and freight industry in the name of innovation, digitisation, IoT, SaaS etc..

So, when CargoX asked me to have a look at how this blockchain based bill of lading system and process actually works, I proceeded to have a look with a tad bit of skepticism..

But before I share the details of my review, experience, impression and opinion, let’s take a quick look at what is a bill of lading, what is a blockchain and how these work together and fit in the process of a shipment..

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The Future of Ocean Freight – Unpacking the Logistics Blockchain Goldrush

With so many new companies launching blockchain-based shipping products, it’s clear that maritime trade will look very different in a few years.. What’s less clear is what that change will look like..

In this article we examine what barriers still exist to widespread blockchain implementation, and what companies are doing to overcome them..

We talk to startups like CargoX and established players like Agility, Maersk, IBM, Evergreen etc. to understand how shipping is changing, and where it’s going..

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