CargoX Brazil

Thanks to the CargoX Blockchain Platform, the shipping industry will save time, money, and headaches. It uses the CargoX Blockchain Document Transaction System(BDTS) to solve the frustrations that traditional documentation can cause when tracking shipments. Using the CargoX Blockchain Platform, any exporter or company involved in logistics can send a blockchain-based bill of lading to its recipient.

Normally, documents such as bill of ladings are stored in a single location, and then sent out either in a physical format or in an email, which makes it difficult to see a history of ownership, authorize users, or to track any changes. This can be a problem for shipping companies, who use bill of ladings to track goods. But a blockchain-based bill of lading solves all of those problems.

How CargoX Blockchain Works

All of this is possible thanks to the Ethereum network, which is a decentralized open-source platform that allowed CargoX to develop the BDTS. Its open-source, decentralized nature protects the records from being changed or lost. Only the owner of the private key associated with the Smart Bill of Lading public key can transfer the document, and because the records are stored on the public blockchain, their transfer histories cannot be changed, for malicious purposes or otherwise.