CargoX provides a blockchain-based platform for the secure creation, transfer, and management of electronic trade documents, including bills of lading and letters of credit. By eliminating paper-based processes, the platform reduces delays and costs associated with document delivery, ensuring timely and reliable transactions for over 135,000 companies worldwide.
Funding
$7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional paper-based trade documentation processes are slow, costly, and prone to errors, leading to delays and inefficiencies in global trade. The reliance on physical documents increases the risk of loss, damage, and fraud, hindering timely and reliable transactions.
Solution
CargoX provides a blockchain-based platform for the secure and efficient creation, transfer, and management of electronic trade documents. The platform eliminates the need for paper documents, enabling faster transactions, reduced costs, and improved security. By leveraging blockchain technology, CargoX ensures the authenticity, integrity, and traceability of trade documents, fostering trust and transparency among stakeholders. The platform supports various document types, including bills of lading, letters of credit, and certificates, catering to diverse industry needs.
Target Audience
The primary users are businesses and governmental entities involved in global trade, including economic operators, transport and logistics companies, and trade finance institutions.
Features
- Secure document creation, transfer, and management using blockchain technology
- Support for over 65 types of trade documents, including bills of lading and letters of credit
- Military-grade encryption for data security and confidentiality
- Audit trail functionality for tracking document transactions
- REST API for integration with corporate and government information systems (ERP)
- Web browser access for easy use
- Compliant with legal and standards requirements