Slovenia-based supplier of blockchain solutions for logistics, CargoX has launched the CargoX latform to become the first open, neutral, and accessible blockchain platform in the shipping industry.
The company said that the platform can be used by businesses of any size, and it was recently selected as the winning innovation at the IRU World Congress among 77 startups after a presentation in front of over 1000 attendees from more than 60 countries.
"Shipping, freight forwarding, NVOCC, exporting and importing companies, forwarder alliances and networks, and ecosystems providing solutions for logistics and supply chains all over the world can now start using the CargoX platform to speed up their business and slash costs," said a release from the company.
The CargoX platform is completely neutral and partner-independent, and it offers a decentralized and cryptographically extremely secure environment for securely sending digital documentation by means of a public blockchain network, it said. It supports multi-user workflows, it is integration friendly since it is accessible through a browser, and it requires only a minimum investment for customers to start using it.
The CargoX platform is based on the CargoX’s Blockchain Document Transaction System (BDTS) technology. The system stores documents and data securely encrypted on a public globally accessible blockchain network, so companies don’t have to implement any new infrastructure.
It said that companies opting for the CargoX platform will be able to create sea-travel documents quickly, send them within minutes, and always keep on top of the process timeline.
“Blockchain platforms shouldn't be treated and used as self-contained systems even if they do serve a particular purpose and solve a particular problem. In order to get as much as possible from these technologies, we need to build modular systems that efficiently solve problems - and then use these solutions to construct larger systems,” said Stefan Kukman, CEO and founder of CargoX.