CargoX

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

CargoX to provide blockchain FreightTech to former TradeLens users

Blockchain document transfer facilitator CargoX announced Tuesday it will be partnering with CEBS Worldwide to facilitate bill of lading digitalization for former TradeLens customers.

In 2018, IBM and GTD Solution, a division of Maersk, launched the blockchain platform TradeLens with the principal objective to leverage technology to eliminate the use of paper BOLs in global shipping.

While TradeLens was able to onboard global carriers — CMA CGM, MSC Mediterranean Shipping Co., Hapag-Lloyd, Ocean...

CargoX proof of concept showcases interoperability for global trade eBOLs

Document transfer solutions provider CargoX says that by utilizing blockchain technology, it recently concluded an electronic bill of lading (eBOL) transfer with a competing provider, edoxOnline, within six minutes, a process that traditionally takes hours or even days.

The potential benefit of that streamlining is highlighted by a recent McKinsey study showing that 40% of containerized trade still relies on the transfer of paper record copies with up to 50 sheets of paper from up to 30...

Q&A: CargoX COO sees TradeLens’ failure as learning opportunity

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What does the demise of TradeLens mean for the standardization of supply chain technology?

Ocean...

CargoX extends agreement with Egypt on transfer of global trade documentation

Slovenia-based CargoX announced Monday a long-term extension of its current agreement with the Egyptian government to facilitate the country’s global trade document transfers needs. 

While the length of the new contract was undisclosed, CargoX will continue to work with Misr Technology Services (MTS), a trade and logistics platform 80% owned by Egypt, to provide its blockchain technology for the country’s customs facilitation platform the National Single Window for Foreign Trade Facilitation...

https://www.freightwaves.com/news/cargox-extends-agreement-with-egypt-on-transfer-of-global-trade-documentation

Egyptian Government Authorizes CargoX As Blockchain Provider

Shipping Representation - top view

The Government of Egypt, through its Egyptian Customs Authorities, has made mandatory Advance Cargo Information (ACI) declarations with its new Egyptian Customs law #207 for all cargo inbound to Egypt starting on 1 July 2021. The process is managed through the National Single Window for Foreign Trade platform (NAFEZA), built by Misr Technology Systems (MTS), and CargoX is authorized as the blockchain document transfer gateway service provider.

Nafeza single window platform by MTS

Misr Technology...

https://www.marineinsight.com/shipping-news/egyptian-government-authorizes-cargox-as-blockchain-provider/

Egypt authorizes CargoX as the blockchain document transfer gateway for the Advance Cargo Information System

The Government of Egypt, through its Egyptian Customs Authorities, has made mandatory Advance Cargo Information (ACI) declarations with its new Egyptian Customs law #207 for all cargo inbound to Egypt starting on 1 July 2021. The process is managed through the National Single Window for Foreign Trade platform  (NAFEZA), built by Misr Technology Systems (MTS), and CargoX is authorized as the blockchain document transfer gateway service provider.

The post Egypt authorizes CargoX as the blockchain...

https://theloadstar.com/egypt-authorizes-cargox-as-the-blockchain-document-transfer-gateway-for-the-advance-cargo-information-system/

Commentary: COVID-19 pushes India down path to digitized trade documentation

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. 

The lockdowns caused by COVID-19 around the world have created disruptions to the normal processes and procedures required to ensure the smooth flow of global trade and commerce. In India, this has prompted the Ministry of Shipping and the Ministry of Commerce to increase their efforts to adopt technology to keep the volume of imports and exports at pre-pandemic...

https://s29755.pcdn.co/news/commentary:-covid-19-pushes-india-down-path-to-digitized-trade-documentation

India gives the green light for use of blockchain-based bills of lading

India is set to allow shipping bills of lading (B/Ls) to be filed over a blockchain platform, as part of the country’s efforts to digitise its maritime supply chains.
These efforts have become increasingly urgent as the paper-based administrative processes that accompany container shipping have been severely hampered by the coronavirus pandemic, and the consequent lockdowns and social distancing, leading to major port congestion.
In response, India’s ministry of shipping gave the …

The post India...

https://theloadstar.com/india-gives-the-green-light-for-use-of-blockchain-based-bills-of-lading/

Company Approves Cryptocurrency As Payment for Container Shipping

  • 45HC.COM will accept the CXO token as payment for its cargo shipping services.
  • CXO token is the currency that is used as payment for its cargo shipping services.
  • CXO is the utility token issued by logistics blockchain technology provider CargoX.
  • The token can be used to pay for services on the CargoX platform.
  • 45HC.COM’s Ethereum wallet address is presented to the user to complete payment.

According to an article published in Material Handling and Logistics, the container world has just jumped...

https://mfame.guru/company-approves-cryptocurrency-as-payment-for-container-shipping/

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