Topic: [ANN] CargoX.io - Ocean Freight Logistics on Blockchain - Pilot in Q2 2018! - page 11. (Read 4329 times)

Why i will invest in CargoX?


Top 5 issues of cargo shippers and carriers regarding the Bill of Lading


The Bill of Lading (B/L), which is the key document (besides the contract for purchasing the goods), that currently needs to be issued in paper and transferred physically — securely and safely, usually in more than one copy — can cause numerous problems for the shipper, carrier or purchaser.

One thing is clear — without the original Bill of Lading, the cargo can not be delivered at the destination port, except via a court order (which can take a long time to process).

As the value of the B/L equals the value of the cargo inside a container (on average this is USD 60,000). When the cargo is received, and the B/L is issued by the carrier, this document has to be sent to the owner (shipper) of the cargo. Once payment for the cargo has been received, the owner (shipper) sends this original document to the buyer of the goods (Cnee or Consignee, or in case of L/C a bank) by express courier service (UPS, DHL, Fedex). Upon arrival of the vessel at the destination port the carrier or designated release agent asks the importer (buyer) to present the original Bill of Lading in order to release the shipment to the importer.

There are upsides, but also some downsides of this traditional way of issuing and processing a Bill of Lading.

High cost

Today each Bill of Lading has to be printed out on paper and then sent via express parcel delivery companies such as UPS, Fedex, etc. This is extremely time and money consuming, as the average express courier costs are above USD 100 for each B/L.

Complications when lost

The B/L can be lost, stolen or compromised in some other way. In this case the legal procedures are time consuming, and a significant amount of money is required to reclaim the cargo from the carrier. The importers need to officially declare the B/L lost, and this alone results in weeks of waiting for a new B/L to be issued. This also causes cost of demurrage at the port of destination, late cargo arrival problems, and in some industries, this can cause total factory downtime with multi-million dollar losses and claims.

Low speed

As mentioned before — it can take ages to receive a B/L in a conventional way. The issuer (carrier or NVOC) needs to send it to the shipper (1–2 days), the shipper sends it to a bank of the importer or to the importer (3–5 days), and then the importer sends it to destination carrier office for container release (carrier, forwarder, agent — 1–2 days). In total, each B/L travels with at least 3 courier services and it is in transit for a period of 5–10 days. Just imagine, how many times it can get lost, stolen, or damaged. Reiterate that with the number of cargo loads you are sending.

CargoX: Fast, cheap, safe, secure and reliable

That is why CargoX is up to revolutionize the industry. We are developing the world’s first blockchain Bill of Lading.

CargoX 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.

For more information visit www.cargox.io

KYC closed



you could buy at   IDEX in few days



there will be some sellers i am sure

What happene with this? I log to my account on cargox in an I see KYC is already closed without any announcment and contrary to what was published before??? How am I suppose to send now KYC?

I hear that 12.000 KYC is approved  is that true?

Many people recognize CargoX potencial!

Take a look more at www.cargox.io


And don't forget timeline

If you wanna talk with CEO and CargoX team

You can talk on CargoX telegram

https://t.me/joinchat/GAKhBQ48675fRRMEd-kLcw

Pretty interesting Roadmap : https://cargox.io/

I am more interested in: First Crypto Cargo Payment option
CargoX CXO token will be added to 45HC.com as a payment method. Buying CXO tokens at ICO could reduce importers’ transport costs by up to 90%.   already in Q1 of 2018 you guys are quick

and can't wait for Q2 ..the release of the App. Price will go trough roof: Smart B/L dApp
Release of Smart B/L eXchange dApp. We have already signed an NVOCC (non-vessel operating common carrier - one of top 10 in the world) for the test trial. The Smart B/L will be issued in Asia for a container shipment from Asia to Europe.

https://cargox.io/ This your official site? I have to complete KYC and I am in. Is your roadmap going according to schedule and all good ? When do you think you will sign Big contracts ?

Ow yes! Saw this post on Twitter. Pretty awesome to have the exchange already before Crowdsale even start. I see news: https://twitter.com/CargoXio/status/954998335563288576

this project looks promising. I am joining telegram for updates hoping I am not yet late on to ride on this project.

CargoX announce first exchange for CXO token






AWESOME

Team answer on every question - i know everything now and i am ready for investment

Join CargoX telegram at  https://t.me/joinchat/GAKhBQ48675fRRMEd-kLcw

Is there a bounty thread for CargoX?

Stone Crypto reviews CargoX:

https://www.youtube.com/watch?v=r-5xRjR-5LQ

Great team CargoX has:

Stefan Kukman
Founder & CEO
CEO and entrepreneur at 45HC.com, growth-oriented and highly focused CEO with a strong background in leading teams, product promotion and market research. He has 10 years of experience in this domain as well as excellent communication and leadership skills, which he gained with one of the biggest logistics providers Kuehne-Nagel.

Primoz Kopac
COO
Entrepreneur, owner of Plenum IT, a partner at KraftPal technologies and 45HC.com. Primoz core expertise and passion is a transformation of new, innovative or emerging concepts into viable companies. Primož has extensive experience in web project management, branding, online marketing, business planning, start-ups in EU and USA. He is also crypto and blockchain believer, Alpha Extra Exhibitor at Dublin 2015 Web summit, PODIM 2016 winner, finalist of Best Early Stage Startup CESA 2016, Central European Startup Award.

Janez Kranjc, Ph.D.
Blockchain Developer
Janez Kranjc is an experienced web developer and data-mining professional with a Ph.D. in computer science. His work includes developing distributed methods for knowledge discovery and continuous mining of dispersed data streams. His enthusiasm for blockchain technologies and professional experience has led him to become proficient in writing and auditing smart contracts on the Ethereum platform.

and so on big team. https://cargox.io/

Great Q and A at the end of internet site really usefull I would say. Get a lot of info and don't forget facts in Whitepaper:

 Q and A : https://cargox.io/

Whitepaper: https://cargox.io/CargoX-Whitepaper.pdf

Looks really funny, I dont believe that all exchanges, that people will choose in twitter will accept Cargox token. But, for example Binance, Bittrex and Bitfinex will be good for this token!

CargoX Tweet about exchanges is legendary

https://twitter.com/CargoXio/status/954729683467239429

Dear CargoX Team,

You already approved my KYC application. Please let me known if I am right:

1. On 23 January 2018 @ 15:00 CET, the ICO participants should login into their CargoX approved profile
2. On this site (i.e., on the KYC profile site) you will publish your CargoX ETH address. The participants have to send ETH from their ETH wallets (i.e., from KYC ETH addresses) to your CargoX ETH address.

Please let me know if the CargoX ETH contract address will be known either on the day of the ICO or after the end of the ICO sale? Most probably after the end of the ICO.

Thank you for your answers.

Very good answers on almost all questions!

Read and you will know 

https://cargox.io/#questions


ICO/KYC related
What is the hard cap of the ICO?
Why is your cap so low, just USD 7 million?
What is the minimum contribution in the ICO?
What is the maximum contribution per person in the ICO?
If I contributed 7 ETH in the presale, does your 5 ETH ICO limit mean that you will return 2 ETH to me?
Where can I see my contributions, and the amount of CXO tokens I will receive?
Where can I see the contribution address for the ICO?
Must I really wait for the ICO to start to send a contribution?
In my KYC application I announced that I would contribute 1 ETH. Can I contribute more now, or is that limited for me?
What is the gas price that I need to set in order to contribute successfully?
Why have you decided to take a 7-day average ETH/USD price for valuation of ICO? Isn’t this unfair towards presale participants?
Where can I see the ETH wallet address which I entered in the KYC form?
I mistakenly entered an exchange address instead of my own wallet address in KYC. What can I do to fix this?
In the presale I mistakenly contributed from an exchange address. Is that money lost, or can it be fixed so that my contribution counts?
I (we, an ICO group) wish to invest 1000+ ETH. Can you offer me (us) an additional discount?
Do I understand correctly – you will only do the USD/ETH/CXO conversion once, both for presale and ICO tokens?
Is the token locked with a ratio at the time of the ICO?
What was the presale price?
What will the initial ICO price be?
What are your bonuses for contributions?
Can I send ETH from an exchange?
Can I send ETH from one address that I hold the private keys of, but which is different from the address where I want to receive tokens?
Can I contribute in several transactions?
Will I receive a confirmation when my ETH is transferred to your address?
When will you be listed on exchanges (and which ones)?
Do I really need to go through the KYC (Know Your customer) process?
Can citizens of the US and China contribute?
Why do you prefer ETH over BTC?
I forgot my password for the KYC system, how do I reset it?
Do i get bonus if I refer someone. How do I get a referral link?
CXO token related
What is the CXO token supply?
What will you do with remaining tokens? Will there be any?
Will you mint another batch of CXO coins at a later time?
What will the CXO tokens be used for?
When do I receive CXO tokens?
When will team tokens be unlocked. Are there any other locked tokens?
Where do I find the market price of CXO after the crowdsale?
Which wallets support CXO token?


CargoX related
Where is CargoX based? Slovenia or Hong Kong?
Are you related to the CargoX shipping company from Brazil, or CargoX PTA from Spain?
Do the team members have a long history of collaborating? Has any team member left the team?
Are you only handling sea freight?
Do shipping companies need to have a blockchain expert employed to use your service?
Will you implement atomic swaps for the B/L tokens?
Are there other companies blockchainising Bills of Lading?
Why is it important to reduce shipping time for B/L documents from weeks to minutes, if the container cargo on a ship is travelling for many weeks anyway?
Aren't there a lot of companies who use e-waybill already (e-waybill is a B/L but just sent by e-mail)? The biggest shippers like Maersk, MSC, China Shipping do that a lot. What is CargoX's advantage over e-waybill?
Will you distribute the profits or part of the profits of CargoX to token holders? If yes, how – buyback and burn, or ETH dividends, or… If not, why should the price of CXO token appreciate?
What are the barriers in accepting your service as a legal equivalent of an actual paper Bill of Lading?
Isn't the telex version of B/L already widely used nowadays?
Which advantage over telex B/L do you see in your product?
Where can I see a comparison of a paper B/L vs. Blockchain B/L?
What happens if the CXO price rises dramatically? Will the CargoX B/L become uncompetitive?
Where will shipping firms get CXO tokens from?
Is the CargoX.io project open source?
Is the actual product functional? Or only in theory? Are you waiting for the ICO to finish before development?
Have you looked at *this* or *that* similar project?
What about your partnerships?
How will CargoX earn money, if the CXO tokens are already sold?
When will you beta-test the smart B/L?
Is CargoX.io the only blockchain solution for paper-based proof of ownership?
Why do you use blockchain technology and not just a regular database?
Does your solution make screening easier, or are documents just scanned instead of digitised?
How will you solve this issue if the customs authority in each country requires the original documents?
Is there any GitHub or demo that can be reviewed to shows the product you are proposing? As far as I can see there seems to be nothing to show us. There is no prototype of the new B/L protocol.
There is not much technical detail in the whitepaper. Is there more detail somewhere?
You are proposing to be the arbiter between parties in disputes. I think there would be concern amongst the industry about being reliant on a single party for this.
How exactly does it work when I'm a shipping company and want to join you?


45HC related
What is 45HC?
How is CargoX connected to 45HC?
Who are the competitors of 45HC?