[Crypto Currency] Cargo X (CXO) - Smart B/L
Cargo is a term used to mean air cargo, broadly cargo. As you can guess from the name, Cargo X is aiming at the freight market that drives the global economy.
Looking at the industrial structure, most people do not know much about the systems that these industries are building. This process is a very diverse industry, as materials entered by front desk clerks buy or import raw materials, process, re-sell or export raw materials.
In particular, in the case of these exports and imports, an enormous amount of container ships are transported each year, and about 20 million containers are believed to be transported, and more than 50,000 vessels are estimated to be transported. It is proving that the market is huge, exceeding 10 billion TEU in 2015.
CargoX uses the block-chain technology to certify the receipt or shipment of the cargo in accordance with the maritime contract and to document the bill of lading (B / L) We want to provide a Smart B / L that is a reliable way to switch.
As mentioned above, maritime logistics is enormous, and one large logistics company prints 4 million B / L documents a year. The total cost of sending this document from origin to destination is more than 80 million per year, which is paid by the cargo owner and the shipping agency. Especially, in case of this B / L, only NVOCC which is a shipping agency can be issued, and since the shipping agency is responsible for the damage, it is an important document to say that B / L is the contract itself.
Also, slow speed was a problem. When NVOCC is issued, it is delivered to the bank or importer of the importing country. It is then sent to the destination hauler, which collects at the haulier near the destination and is sent back to the final destination, which takes a very long time, and sometimes the schedule does not match the haul.
There have been many introductions of electronic B / L to solve this problem, but various problems such as system reliability, electronic problem, and program transparency have been raised. To solve this problem, CargoX introduces block chain technology to reduce the cost And the restructuring of the industrial structure that solves problems such as transparency, reliability, and security.
CargoX digitizes B / L, and this block chain technology and cryptography are key to achieving this. By creating an encrypted, persistent distributed data store made of Ethereum-based ERC20, you are building an open system to exchange Smart B / L.
Let's look at CargoX's ecosystem for Smart B / L.
First of all, we need a board of directors that can specify standard rules of Smart B / L.
And establish a protocol for exchanging B / Ls.
CXO tokens allow the transmission of B / L and have the effect of paying the price.
It also includes Smart B / L DAPP, which allows customers to interact with Smart B / L documents.
Smart Letter of Credit (Smart L / C) DApp is open to payment when the bill of lading and cargo is received according to Smart Contract. It will replace the current bank role.
The Smart Booking Module connects with external sites such as Infra or 45HC.com to enable CargoX.
CargoX (CXO) tokens are a core part of CargoX's business model and have unique capabilities. System access, payment, compensation for gas and incentive payments for smart B / L, and the use of optional features.
NVOCC, importers and exporters will be contacted for CargoX's ecosystem composition. Explain the benefits of introducing CXO, demonstrate ease of use and stability, and draw it into the ecosystem.
And we will increase the number of users by introducing incentives for those who actively use CargoX. This approach will bring the existing partnerships and systems to CargoX.
We plan to distribute up to 8% of the current CXO for our partners and aim to become a new global logistics brand through the introduction of Smart B / L.
In fact, publishers who will create smart B / Ls will be issuing Smart B / L through CXO at a discounted cost of USD 10 or 20%.
These costs cover transaction costs in the Ethereum network and the rest are used as funds for further development / growth and expansion of the operational costs / CargoX ecosystem at CargoX.io.
Smart B / L dApp registration and use is free for users, but requires the partner to have a certain amount of tokens in their account in order to use the various features of the platform.
The amount of CXO tokens needed depends on the size of the partner. It will have a number of CXO coins for the cargo ship and it will be distributed to the first 100 companies that will be affiliated with CargoX.
Cargo X uniquely performs SWOT analysis.
Strength
• Recoverable system
• Distributed network
• Friendly user interface
• Experienced team members
• High safety
Weaknesses
• Lack of development and marketing costs
• Low media interest
• Smart B / L lacks concept of market
• Not enough reputation
• Lack of faith in new technology
Opportunity
• Entering global trade
• Supply Chain Optimization
• Integration with major logistics companies
• Counterfeit recognition
• Reduced costs
• Data transparency and non-reversibility
• Lack of industry B / L standards
• Integration through expansion and complement to IoT
Threat
• Insufficient awareness of block chains in the logistics industry
• Non-current logistics industry environment
• Familiarity with users' document B / L
• Institutional barriers
CargoX's roadmap.
This ID was created in October 2015, and we entered the market research.
In March 2016, 45HC.com was launched and ABC Accelerator became the first investor.
The new design will attract new customers in August 2016 and the 45HC is known as the skyscanner for freight shipping.
Signed by 100k + Angel investor in December 2016, won the PODIM Pitch Challenge competition, won the EBAN Winter University competition in Zagreb, and also become the Websi champion.
In July 2017, we will have 10 members and receive a container size of 600% compared to last year.
Cargo X will be born in 2017.
Pre-ICO will be held in November 2017 and advisors will join. In February 2018, we will go to ICO to sell CXO tokens.
In the first quarter of 2018, 45HC.com will be adopted as a payment method. Additional discounts are available when using CXO.
Launch of B / L with eXchange protocol introduced in Q1 2018 and announce Smart B / L beta version.
By the second quarter of 2018, we will launch a Smart B / L dApp and pilot the NVOCC. It will be issued when sending from Asia to Europe.
Participants and importer exporters are recruiting from Q2 to Q4 of 2018.
Create acceptable protocols by adding insurance and banking add-ons from Q1 to Q2 2019.
From the third quarter of 2019 to the fourth quarter of 2019, we plan to introduce CXO tokens as a payment instrument and introduce them to DAI of MaekrDAO, DXOquivalents of DigitalDAO and insurance contracts.
The CargoX team.
Stefan Kukman is the founder of 45HC.com and the founder of CargoX. Kuehne + Nagel worked for a global trading company.
Operator Kopac is a partner of 45HC.com. As a partner of Kraftpal and champion of PODIM 2016.
He is the founder of Gasper Setinc Voxitor, product manager. I have worked on smart home system services like Amazon Alexa, and I worked as product manager in Zemanta.
Janez Kranjc, is responsible for the development of the CargoX block chain. He was CEO of Janez Kranjc and was responsible for web development for 45HC.com.
Damjan Kralj is a board member of BTC Company and belongs to ABC Accelerator Group in Silicon Valley.
Otmar Zorn is the owner of Zorn Plus and the chair of the board of Solver Lynx. He was also President of Rotary, Slovenia.
Stefan Haizinger worked for Danzas DHL, worked in COSCO Austria for export, and Kuehne + Nagel worked for export shipments. Berger Logistik GmbH is responsible for maritime logistics development and digitization.
Peter Kern was the director of Maersk Line. I was in charge of trade exports to Africa and Asia, and as Director in Adria, Croatia. He is a consultant for the Adriatic Gate Container Terminal and is the manager of Panalina's southeastern Europe. It seems that there is a lot of knowledge about air logistics and shipping logistics.
There are Partner and Supporters,
MAKER is a block-chain team that created a coin called Dai, which is a coin aimed at value authentication like tether. It seems to be a collaborative effort to stabilize prices, the biggest problem in logistics, which seems to have been taken into account by Daikoen's $ 1 billing facility, the mortgage function and the possibility of using Cargo X.
Milsped is a logistics company established in 1993. It handles a wide range of logistics transportation such as international logistics, railroad logistics, air logistics and maritime logistics as well as food, medicine, and automobiles, and has a digitalized logistics process by introducing ERP.
Supporters could not retrieve information due to lack of search, including links.
CargoX is a coin that aims to digitize the bill of lading (B / L) used in logistics, especially marine logistics. It builds mutual trust based on Smart Contract, and enables the information to be checked and signed by the system in the block chain.
I would like to give a high score in terms of the participation of operators who have experience in the field. First of all, I think that you have experience running the startup 45HC.com and that you are going to introduce the system to your company.
In terms of price stabilization, MAKER's attempt to introduce a DAI coin may be high.
Bibox, OasisDex, Ethfinex, paradex, Gate.IO, and IDEX, but it is likely to benefit from being traded at close to $ 1 on various exchanges, but CargoX may be resilient if it is listed on a major exchange It seems to be.
Since Milsped is a partner, we have entered into an agreement to help Milsped test the system as well as 45HC.com, and if good results are expected, it is likely to introduce a supply chain.
CargoX has already been listed and traded. Now, there is a question of whether the CargoX system is launched and is actually running. As the actual logistics company is involved, it will be introduced and operation will be ahead of other competitors who do not have a real logistics company.
Cargo X: https://cargox.io/
White Paper: https://cargox.io/CargoX-Whitepaper.pdf
Facebook: https://www.facebook.com/cargox.io
Twitter: https://twitter.com/cargoxio
Linkedin: https://www.linkedin.com/company/cargox-io/
Telegram: https://t.me/cargoxio
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