CargoX Blockchain Logistics Partners with RoadLaunch to Open New Intelligent IoT Smart Bill of Lading
One of the independent suppliers of the blockchain based solutions for use in logistics, the CargoX, has gone ahead to partner with RoadLaunch.
The RoadLaunch has been established as an IoT together with a digital freight management platform that is blockchain based, one that has been able to attract thousands of users. With this new move in place, it will be able to extend the RoadLaunch permission-based hyper ledger solution thanks to the CargoX public Smart bill of Landing that has been based on the blockchain.
Both companies will go ahead and integrate the Smart Bill of Landing by CargoX, one that has been based on the Blockchain Documentation Transaction System technology, one that has been efficiently powered by the famous Ethereum network. All this will be done straight into the RoadLaunch permission based blockchain platform, which is a private blockchain technology.
The Bills of Landing together with any other documentation that is used in the supply chain will be time-stamped and immediately transferred. Additionally, there will be an extra layer of trust and transparency that will be added to the current network of the RoadLaunch.
According to the founder and CEO of the RoadLaunch, Cory Skinner, the partnership that they have gotten into with CargoX is very exciting for them as it will be able to bring the company to a whole new level when it comes to the next generation of logistics and supply chain.
A concept that has not yet been seen in the current market. With the integration of the smart bill of landing, together with the RoadLaunch smart contract that is used for the ground freight, will primarily enable the trusted parties to easily interact on a multi-model, global transaction; as a result, this will later be advanced with the FactR which is a cross-border settlement. As a result, this will genuinely improve the current transaction management.