Blockchain News & Updates

How global trade actors are turning to fintech to tackle fraud

With billions of dollars processed every day, cross-border trade payments have become increasingly complex. Companies must navigate a range of banks, clearinghouses and payment processors, all of which assess fees and contribute to potential delays.

Traditionally, cross-border payments are slow, opaque and costly, causing cash flow problems for businesses. For instance, intermediary banks involved in transactions each add fees and processing time, making total transaction costs less transparent...

https://www.freightwaves.com/news/how-global-trade-actors-are-turning-to-fintech-to-tackle-fraud

FreightTech leader describes the future of AI and cybersecurity

In the logistics industry, partnerships play a pivotal role in advancing technology solutions and maximizing efficiency. By pooling expertise and resources, logistics companies can overcome barriers like the high costs of technology adoption and the demand for greater data accuracy and real-time updates, which are vital for complex logistics operations.

In addition, collaboration between technology providers accelerates solutions for predictive analytics, route optimization and fleet management,...

https://www.freightwaves.com/news/freighttech-leader-describes-the-future-of-ai-and-cybersecurity

GlobalX Airlines to open cargo lane between Chicago, Puerto Rico

Startup carrier Global Crossing Airlines has struck a unique partnership with a digital freight exchange to launch cargo service between Chicago and Puerto Rico, filling a market need for direct, affordable containerized transport while providing the airline’s fledgling cargo business a welcome jolt.

Under a deal announced last week, Airblox, a startup airfreight capacity wholesaler for medium-term contracts, will have primary responsibility for feeding shipments to Global Grossing Airlines...

https://www.freightwaves.com/news/globalx-airlines-to-open-cargo-lane-between-midwest-puerto-rico

CargoX consortium leads development of Uganda’s trade facilitation platform

Document transfer solutions provider CargoX announced it has been chosen to support Uganda’s Presidential Advisory Committee on Exports and Industrial Development (PACEID) as it looks to build out a platform to service the country’s export growth.

PACEID reported in late August that it had signed a memorandum of understanding with technology supporters to launch its trade facilitation platform TradeXchange. 

In Tuesday’s announcement, a technology consortium including Technology Associates and...

https://www.freightwaves.com/news/cargox-consortium-leads-development-of-ugandas-trade-facilitation-platform