CargoX and RoadLaunch Partner to Expand Smart Bill of Lading

CargoX and RoadLaunch Partner to Expand Smart Bill of Lading

Slovenia-based Blockchain based cargo company CargoX has partnered with IoT and blockchain-based digital freight management platform RoadLaunch to expand its Ethereum-powered document transaction system technology, according to a press release published by the company.

The agreement will extend RoadLaunch permission based Hyperledger solution with CargoX’s blockchain-based Smart Bill of Lading solution. A safe, quick, and cost-effective solution that renders traditional paper-hauling services practically obsolete in the digital era.

The joint solution will implement the timestamping, transferring, and successful exchange of information in all freight transactions.

“This partnership with CargoX is very exciting and it brings us onto a level of next-generation logistics supply chain we have not seen in today’s market,” Cory Skinner, Founder and CEO of RoadLaunch commented in the press release. “The integration of the Smart Bill of Lading, coupled with the RoadLaunch permissions based smart contracts for ground freight, will enable trusted parties to seamlessly interact on global, multi-model transactions.”

“This is then further advanced with FactR cross-border settlement, truly advancing transaction management,” he concluded.

As a matter of history, CargoX was born as a crowding initiative with “more than 2000 contributors from 95 countries” who made CargoX possible using blockchain-based crowdfunding in January 2018.

The company first developed the 45HC solution, “an easy to use, quick and efficient FOB FCL LCL container booking platform,” as the website states. Then, CargoX was developed.

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