CargoX - Blockchain-Based Bill of Lading
CargoX aims to disrupt the global logistics industry by tokenizing Bill of Lading document. With the tokenized Bill of Lading document users will be able to state and transfer the cargo ownership rights and value without the hassle of handling paper. No more Express courier fees, vault keeping and paper archiving.
STO/ICO Status
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Basics
| Platform | Ethereum |
|---|---|
| Type | ERC20 |
| Accepting | Others |
| Circulating Supply | 40% |
| KYC | N/A |
| Restricted Areas | N/A |
| Homepage | Website URL |
| White Paper | View/Download |
Bonus
- Feb 8~Fed 10 - 10%
- Feb 10~Fed 17 - 7%
- Fed 17~Fed 24 - 3%
About
Secure
No central storage which could be attacked by hackers. Global Trade's most important document is encrypted and securely written on the blockchain network, accessible only with traders' private keys.
Fast
Smart B/L is issued instantly and is immediately available to the Exporter. When agreed conditions are met, Smart B/L is transferred to the legal owner of goods – instantly, without couriers in the middle. Just like sending an e-mail.
Paperless
A blockchain-based Smart B/L will be equivalent to a paper one. Having it on the blockchain just takes the pain away. No need to print, send, store and archive it in a conventional way anymore.
Cost savings
Each paper B/L is sent at least three times with couriers making it extremely expensive and slow. The average cost for sending a B/L three times is around $100 and it takes up to 10 days to reach the final destination. More than 50 million B/Ls are created every year.
