CargoX will transform the global shipping industry by securing “Bill of Lading” documents using blockchain technology, thus providing a way for importers and exporters to exchange those documents digitally, securely and without counterfeit in an open environment.
CargoX aims to disrupt the container shipping industry through the creation of decentralised and open protocols, tools and utilities for the exchange of shipment ownership (Bill of Lading) documents in the logistics industry.
With Smart B/L we will change today's physical (paper) proof of ownership used for claiming cargo at the destination port with blockchain-assisted digital proof of ownership, making it more secure, instantly transferable, easier to archive and massively cheaper than the current (paper) solution.
CargoX will connect producers, importers, freight forwarders and other involved parties in a well-balanced ecosystem based on trust and frictionless interactions, providing tools for seemingless exchange of documents, saving them time and money while giving them a high level of security, transparency and traceability–the logistics industry’s top three pain points and problems.
Brainstorming and Market Research.
A team of experts from IT and logistics created a concept of a transparent, user- friendly and very fast container shipping platform.
The idea for 45HC was born.
For the rst time, customers have instant shipping rates through several providers.
From all over the world to their warehouse, without any hidden fees or excuses.
Accepted to ABC Accelerator and gets rst small Angel investment.
The 45HC.com is completed with all MVP features.
New responsive design raises market attention and attracts many new customers.
45HC becomes known as the skyscanner for cargo transport.
After a great year, we nally sign our 100k+ angel investment.
This year we win PODIM’s Pitch challenge competition, we are the winners of the EBAN Winter University competition in Zagreb, and we also become Websi champions.
The team now has 10 members and our growth was over 600% on container volume on last year (whole year).
Out of the desire to simplify the paper-plagued world of Bill of Lading documents, CargoX is born.
CargoX and 45HC are complementary products that bene t from synergies.
CargoX.io Pre-ICO preparation.
The team is built, we attracted several key advisors.
Raising additional funds through the ICO will help us implement our vision of the future of global trade.
The ICO will run in February and allow everyone to buy CXO tokens.
First Crypto Cargo Payment option.
CargoX CXO token will be added to 45HC.com as a payment method.
Buying CXO tokens at ICO could reduce importers’ transport costs by up to 90%.
Release of B/L eXchange protocol.
We will be releasing our B/L eXchange protocol and announcing the rst beta trial Smart B/L sea-freight shipment.
Smart B/L dApp.
Release of Smart B/L eXchange dApp. We have already signed an NVOCC (non-vessel operating common carrier - one of top 10 in the world) for the test trial.
The Smart B/L will be issued in Asia for a container shipment from Asia to Europe.
Adoption of rst NVOCCs, importers and exporters.
Add-on features (Banks & Insurers).
Extending the protocol to accommodate L/C instrument equivalents, insurance agreements.
CXO as a settlement instrument.
Upgrade of the protocol to allow for on-chain settlement, rst by using CXO token, immediately followed by selected “stable” tokenised currencies. Potential candidates include MakerDAO’s DAI and DigixDAO’s DXO.