CARGO X ANNOUNCES THE PLATFORM FOR BLOCKCHAIN DOCUMENT TRANSFER.
The CargoX Platform helps companies build trust in a trustless environment for the logistics, manufacturing, finance, trading, energy, and services industries.
It was built with a simple idea to tokenize the most valuable document in ocean shipping — the Bill of Lading — to avoid sending the document with courier services, and to transact it with the help of a Polygon, a scaling solution built on Ethereum. Tokenized document hashes are sent between companies/users as needed using the ERC721 NFT tokens, while highly encrypted documents are stored on a distributed InterPlanetary File System. CargoX has extended the platform to support more than 60 types of documents, among them the financial Letter of Credit, contracts, certificates, and other documents that might need the transfer. Workflows can be adapted, and escrow services can be implemented.
About CargoX
CargoX Ltd is a global company specializing in blockchain document transfer (BDT) solutions. The CargoX platform is secure, efficient, and tamper-proof. It is based on the Ethereum public blockchain technology for transaction and ownership validation. BDT helps companies build trust in a trustless environment for the logistics, manufacturing, finance, trading, energy, and services industries, while following the UNCITRAL and eUPC600 rules and model laws.
About Polygon
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium etc and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 300+ Dapps, ~94M txns and ~885K unique users.
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