CargoX is the independent supplier of blockchain-based Smart B/L solutions that enable extremely fast, safe, reliable and cost-effective global Bill of Lading processing. CargoX has developed a decentralised platform based on the Ethereum network, and has a pipeline of future products for the supply chain industry. It will create an open system based on Ethereum and encrypted permanent decentralised data storage which will enable the creation and exchange of Bill of Lading documents.
CargoX Ethereum ERC20 utility token (ticker symbol CXO) will be used as a core part of our digitalised business model; it will allow partners to interact with Smart B/L Dapp. Tokens will be used for sending, archiving, changing ownership and also as payment solution for logistic services offered by selected logistic partners. ERC20 defines a common list of rules that any token based on Ethereum has to implement.