ERC20 Token
CargoX (CXO) 
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.
CargoX will create a decentralised and encrypted blockchain-based solution for exchange of shipment ownership (Bill of Lading) documents, and provide new services through an ecosystem where their partners can offer services equivalent to letters of credit, payment and insurance services, and future services around the IoT.
CargoX has an easy to understand business model, no direct competition and wide industry support – including already confirmed 2018/Q2 pilot deployment.
“We are aiming to transform the global shipping industry by securing Bill of Lading documents using blockchain technology. We will provide a way for importers and exporters to exchange these documents digitally, securely and without counterfeit in a neutral environment – extremely fast and with much lower cost than currently. The ecosystem of services we will create is going to have transformational effects on the industry.”
Buy & SellPositives
- Having A Bill Of Lading On The Blockchain is A Perfect Usage Of The Immutable, Public Nature Of The Technology.
- A Unique Take On Supply Chain. It’s Great To See CargoX Separate Their Business Model Apart From Similar Projects In The Supply Chain Space.
- Will Be Able To Work Alongside Other Supply Chain Models. No Current Threat Of Being Pushed Out Of The Market.
- Great CXO Supply Considering Usage. Not Too Little But Enough To Avoid Massive Inflation Of The CXO Token If Adopted.
- Plenty Of News Press In The Sea Freight/Logistics Scene, Companies In This Space Are Seeing CargoX As A Viable Solution To Current Issues
Exchanges
Concerns
- IBM Is currently working on their own solution. Vechain also has a similar model in the works. CargoX is well aware of this and has addressed it in their Questions & Answers. It’s a concern but it’s great to see them aware of competition and explain their point of difference. Competitors like Shipchain do exist but CargoX is focused on one avenue of the supply chain, not a wide range.
- No Github repositories at the moment although they have just launched their MVP into the Beta phase so development progress looks good even if it’s not able to be followed just yet.
- No other concerns here. CargoX has carved themselves out a section of the supply chain that they can dominate as a first mover.
Official Links
Token Details
Token Type
ERC20
Powered by the Ethereum Network. Can be stored on any ERC20 compatible wallet e.g MyEtherWallet
Token Statistics
Supply
• Ticker: CXO
• Total Supply: 215,119,016
• Circulating Supply: 129,071,409
• Token Use: Services & Fees
Founders
The Team
• Stefan Kukman (CEO Founder)
• Igor Jakomin (Business Dev)
• Janez Kranjc (CTO)
• More
