CargoX Smart Bill of Lading Logistics Joins Blockchain in Transport Alliance (BiTA)
CargoX Becomes The Latest Blockchain-Based Transport Alliance Member
CargoX made an official announcement on Friday, July the 13th to inform the public that it had entered into the widely popular(BiTA) Blockchain in Transport Alliance. The firm, which is known for creating and implementing top of the line blockchain solutions for companies dealing with logistics made this announcement via its official Twitter account.
The CargoX Platform
The ETH-based platform developed by CargoX is aimed at delivering products that are not only reliable but highly efficient as well. It is a platform designed for use by companies that are in the delivery and shipment industry. The fact that Ethereum is decentralized, and is open source provides all developers with an opportunity to implement a broad array of decentralized web applications (dApps).
With cryptocurrency and blockchain technology taking over all the traditional industries, BiTA was developed with an aim of providing a collaboration platform between the various organizations and players operating in this industry.
All the group members in the friend technology industry come together and establish standards for use in various blockchain related projects, as well as developments. Soeren Duvier, the current BiTA managing director of the Asian region said that CargoX had so far been able to raise enough capital that would aid in the development of solid ideas.
These are ideas that would then be implemented in the shipping industry. According to Soeren, it is an idea that has eluded the shipping industry for very many years. BiTA was, therefore, proud to have CargoX as one of its members, as they looked forward to working together in future projects.
Soeren added that CargoX was one of the very few companies in the world that had been able to recognize the contributions made by BiTA. This included the projects and contributions that had been introduced by BiTA in the Asian region. As a BiTA member, he was optimistic that CargoX would be able to team up with other members to spearhead other projects in Asia, as well as in the surrounding regions.
What Does CargoX Specialize in?
CargoX has mainly specialized in developing and implementing blockchain solutions intended for use by companies in the cargo shipping industry. Information provided in their blog states that CargoX smart solution is currently ready for production and that the company has shifted its focus to developing blockchain-based products for all its users.
The company goes on to state that it finds the bill of lading to be very important in the shipping and logistics industry, and it is the reason why they are committed to ensuring that the product gets into the market as soon as possible.
A bill of lading is a document held by the firm that lists out the products that are being shipped. It is an essential document as it sets out targets for the shipping company ensuring that each shipment is delivered on time and safely. Common targets include timely shipping deliveries, avoiding losses and damages, as well as assessing the price of each shipment.