The CargoX Platform – secure, trusted, instant transfer for trade documents

The world of shipping involves several commercial, documentary, operational and financial processes..

While there have been many developments in the industry, a lot of the documentary processes in shipping and freight has stayed much the same for many decades..

Delays in document transmissions which could take anywhere between 5-10 days with the added risk of loss or delay of documents have severe consequences such as demurrage, detention and/or port storage, possible loss or cargo damage due to non-clearance and abandoned cargo..

CarogX Platform, a neutral, public blockchain-based platform is offering to provide a solution which will help to digitalize the trade documentation process using BDT (Blockchain Document Transfer) and reduce document transmission time to 20 seconds..!!

I took the platform for a test drive to see how it works and if it can assist the industry in saving costs and making the process of document transfer simpler, easier, economical and more importantly, secure and safer..

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Shipping and Freight Review 2019 – the year and the decade

shipping and freight resource review 2019

The last year of the decade is fast fading into the horizon.. 2019 is almost done..

2019 and the decade has been one of continued trade wars, maritime disasters, size race, and containers, ships and bills of lading getting smart and many interesting aspects..

Here is my take on how the shipping and freight industry fared in 2019 and the decade..

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Shipping and Freight in 2018 – a review of the year that was

Shipping and Freight Resource Press Release

Well, another year has gone.. 2018 has been consigned to the annals of history..

2019 is here, all shiny, sparkling and new ready to carry the world of global trade, its cargo, its ships, its burdens, its struggles and bear the fruits or consequences of the developments and actions that took place in the industry in 2018..

As with every year, in 2018 as well, our world and our industry went through a lot of changes both good and bad..

From the entry of ONE into the container shipping market to all major lines preparing for the IMO 2020 Sulphur Cap, it has been an eventful year for the shipping and freight industry..

Here is my review of 2018 and the year that it was, for the shipping and freight industry..

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CargoX’s 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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A review of CargoX’s Blockchain based Smart Bill of Lading and how it works..

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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