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CargoX - Reshaping the Future of Global Trade with the World’s First Blockchain Bill of Lading

The World’s First and Truly Neutral and Open Platform for Your Maritime Shipping Documentation!

CargoX is reshaping the future of global cargo shipping with its Blockchain Document Transaction System technology (BDTS), implemented in the form of its CargoX platform.

The independent and public blockchain-based platform ensures publicly transparent, yet encrypted data and document transactions, with a wide range of possible workflows for the air, road, and ocean shipping industry.

It ensures an extremely fast, safe, reliable, and cost-effective way to process shipping documentation in one place for all participants – importers, exporters, freight forwarders, shippers and cargo carriers, customs officers, and the other public and private entities included in the process.

The platform enables advanced process optimizations, digital archives, and incoming document oversight.

It is based on the public transaction validation Ethereum network. CargoX has won a whole range of awards and accolades – such as being a finalist at the prestigious future-forging SXSW Pitch 2019 (among 800 startups), winners of the IRU World Congress Startup Competition, shortlisted at the Financial Times / RSG 2018 Intelligent Business Awards, and being awarded the #DataccioConnect Blockchain innovators Award).

 

People

Stefan Kukman has been at CargoX since November 2017, having previouisly been CEO and 45CHC.com and National Sales Manager at Kuehne + Nagel. Before that, he was Manager of Business Development at Cargo d.o.o having graduated from the University of Ljubjana in Supply Chain Management.

In September 2019, he spoke exclusively to Port Technology International on blockchain’s potential implications for world trade.

Peter Kern has been COO at CargoX since April 2019 having spent three years as Managing Director at Panalpina, a leading supply chain solutions innovator. His deep understanding of the ocean side of the global supply chain was honed during 12 years at A.P. Moeller-Maersk, the largest container shipping line in the world, where he held four positions overlooking trade and logistics operations in several parts of the world.

Bojan Cekrlic has been at CargoX since June 2018 and was promoted to CTO from Product Manager in March 2019. Cekrlic has an extensive track record in technology and analysis in a career that began in the late 1990s, which includes being CTO at leading global IT firm Parsek.

 

Awards

  • IRU World Start-Up Congress – Winner 2018

The IRU organization is constituted of more than 100 national transport associations and transport operators. Igor Jakomin, Ph.D., COO of CargoX, pitched the CargoX platform to a jury of venture capitalists, business professionals, and industry experts.

The startup competition was organised by Road Ventures SA, a Captive Venture Capital Fund that supports innovation in mobility. The competition was dedicated to launching and advising the world’s next wave of leading entrepreneurs.

Six finalists had the opportunity to face the judges in Oman during the IRU World Congress this week, culminating in a live pitching session during the final plenary, when the jury awarded the USD 100,000 direct investment prize to CargoX and Zeleros Hyperloop.

IRU and Roa Ventures SA chose the six finalists for the most promising innovations in the transport industry; the decision was made by judges Patrice Crisinel from Road Ventures and James Miners from Fongit.

Boris Blanche, Managing Director of IRU, said, “Both CargoX and Zeleros stood out for their combination of viability and invention. These are two concepts that truly break the mould, while offering tangible business propositions. We wish both businesses every success for the future.”

Patrice Crisiniel Road Ventures Managing Director, said, “This has been a tough decision for the jury, as we had six strong finalists. But we are delighted to be able to select two winners today. CargoX and Zeleros are both great examples of the ways in which technology can be used to drive improvements and efficiency within the transport and logistics industry.”

CargoX and Zeleros split the prize of USD 100,000 in equity investment and the opportunity to gain visibility with venture capital firms, angel investors, press and media.

  • FT Intelligent Business 2018 – Nominee

The FT/RSG Intelligent Business Forum and Awards will bring together C-suite representatives from companies that have lead the legal and professional services industry’s digital transformation under the slogan: The convergence of legal and professional services with data and technology.

The one day forum will highlight the rapidly evolving need for integrated business solutions, and the solution-providers making the most impact. The complete series, which is part of the FT Innovative Lawyers programme, will consist of a special FT report, rankings and awards, and the one day forum.

CargoX is shortlisted in the category Supply Chain Management, comprised of the following companies: Anheuser-Busch InBev, BHP, CargoX, De Beers Group, Flex and Elementum, Hyundai Motor Europe, Kenco Group and Smart Gladiator, Nestlé and Starling (Airbus, The Forest Trust (TFT) and SarVision), Provenance, Unilever.

 

  • SXSU Pitch 2019 – Finalist

CargoX was one of the five finalists in the Transportation & Delivery category, and 50 altogether, at the 11th SXSW Pitch in Austin, Texas, chosen from over 800 startups.

CargoX presented its Blockchain Document Transaction System (BDTS), first implemented as the CargoX Smart B/L™ solution for transferring the cargo shipping industry’s ownership-statement documentation, among other companies, such as the winning ENSO Tyres and Nebula Genomics.

“Our successful pitch confirms that CargoX is offering one of the hottest and most innovative solutions on the market right now. We take a lot of pride in being among the chosen few companies who were selected to present at the SXSW Pitch 2019, and we are happy to be part of this interesting event where future is forged,” said Stefan Kukman, founder and CEO of CargoX.

SXSW is the top-tier event where startups such as Twitter, Foursquare, and Gowalla made their big-bang appearances, and the festival has always been visited by the world’s most prominent investors, entertainers, and politicians, working together to promote the next big innovation.

SXSW has traditionally been the birthplace of big businesses, as 71 percent of the companies delivering a pitch on stage have gone on to secure new funding, totalling $5.43 billion up to 2018 (2018 data not included yet).

  • #DataccioConnect – Blockchain Innovation Award 2018

CargoX won the #DataccioConnect Blockchain Innovation Award at the Dataccio Connect congress in Dubai, where maritime business traditionalists and enthusiasts discuss the latest trends in technology.

The Blockchain session at#DataccioConnect Dubai, November 21 included presentations by blockchain experts across the globe and a panel discussion entitled, ”Blockchain – Looking beyond the Hype”, where participants included blockchain experts John Monarch, CEO, ShipChain, Vjeran Ortynski, CBDO, CargoX Ltd., Irina Heaver, Partner, Fichte & Co, Liji Nowal, Co-Founder & Managing Director, ODeX India Solutions Pvt Ltd, and Saurish Nandi, MBA, IPSCM., Co-Founder & CTO, Blocbox.io.

#DataccioConnect is a one-of-a-kind technology event targeted at key players across the entire maritime ecosystem. They familiarise decision-makers with the latest technological advancements across the sector and make the transition to digitalization comprehensive and smooth. #DataccioConnect’s leaders in maritime industries are bridging the gap between the past and the future. It is #DataccioConnect’s mission to show the community the benefits of digitalization and the steps needed to make a seamless transition.

Through #DataccioConnect, organizers bring traditionalists and technology enthusiasts together to encourage a discussion on the tech trends – Big Data, AI, IoT, Blockchain, etc. – that are making an impact on maritime logistics – now more than ever! They showcase how this technology is being implemented, the benefits felt, and how embarking on this digitalization journey will benefit maritime shipping enterprises.

 

Products

CargoX’s leading product is its the SmartX B/L, a blockchain-based bill of lading, with which it hopes to reshape the way goods are transferred.

The SmartX B/L replaces old fashioned Bill of Lading documents and allows clients to state and transfer cargo ownership rights in hassle, paper-free manner.

Key Features:

  • Secure

Your B/L will never be lost, stolen, counterfeited, or damaged again. Decentralized encrypted storage is 100% resilient against hackers.

  • Cost-effective

It is far easier and cheaper to send a document digitally and securely around the globe than to entrust a piece of paper to a courier service.

  • Fast

A Smart B/L™ is lightning fast, almost like e-mail. That protects you from any potential cargo detention and demurrage costs.

  • User-Friendly

It is easy to use – just like e-mail. But much more secure. Much,

  • Neutral

Your data is safe from the eyes of the competition.

  • Open

We do not lock you into private blockchains. We use the truly open and distributed public blockchain technology for maximum impact and immutability.

  • Browser-only

No installation is required to start using the CargoX platform — just log in and start sending documents.

  • Integration-friendly

All platform APIs exposed as REST interfaces for easy integration and automation.

  • Multi-user support

Multiples users from your organization can us the platform at varying permission levels. It is ready both for micro-companies and full-scale corporations.

  • Minimum investment

No need for software installation or expensive integration. You can start using it in a matter of minutes!

  • Different Types of Ocean Freight Documents

A one-stop-shop for tamper-proof document ownership transfer and sending – master B/Ls, house B/Ls, Switch B/Ls, telex releases, express releases, sea waybills, certificate of origin and more.

To gain a deeper understanding of how the Smart B/L works and how it can transform shipping, watch this video and contact CargoX.

 

 

Testimonials: 

“In our opinion blockchain is best used where trustworthy data and document processing is needed, and where transactions of ownership are taking place. For us the CargoX Smart B/L is easy to use and even easier to implement, and the cost and time savings are just incredible. We are already looking forward to new products from CargoX – in our opinion the best in this field!”

Ruedi Reisdorf, CEO, Fracht AG

“We decided to cooperate with CargoX because their product is based on modern technology and advanced knowledge, and it is in line with our product philosophy. Together we are stronger in the market, as we enable our customers in the supply chain to operate more efficiently in a safe business environment. Speed, price and safety are not an issue anymore – the emphasis is on competitive tools.”

Gregor Veselko, Ph.D, Actual Group, President of Management Board

“The CargoX Smart B/L™ platform, with their API for easy integration into existing IT systems or through ready-made web user interface is a perfect add-on in a modern working environment, not to mention that we all finally have all the documents archived and document transactions visible in one place.”

Leif Arne Strømmen,Vice President of Innovation G2 Ocean

 

Contact Details

Letaliska Cesta 5
Ljubjana
10000
Stefan Kukman, CEO, CargoX

Stefan Kukman
CEO

s.kukman@cargox.io

+38630662794

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