|All Time High:|
|Market Cap: |
|The price of #CXO today is $0.21 USD.|
The lowest CXO price for this period was $0, the highest was $0.213, and the exact current price of one CXO crypto coin is $0.21347.
The all-time high CXO coin price was $0.51.
Use our custom price calculator to see the hypothetical price of CXO with market cap of BTC or other crypto coins.
|The code for CargoX crypto currency is #CXO. |
CargoX is 4.6 years old.
|The current market capitalization for CargoX is $44,306,919.|
CargoX is ranking upwards to #1088 out of all coins, by market cap (and other factors).
|The trading volume is small during the past 24 hours for #CXO.|
Today's 24-hour trading volume across all exchanges for CargoX is $4,482.
|The circulating supply of CXO is 207,558,157 coins, which is 96% of the maximum coin supply.|
|CXO has limited pairings with other cryptocurrencies, but has at least 2 pairings and is listed on at least 2 crypto exchanges.|
View #CXO trading pairs and crypto exchanges that currently support #CXO purchase.
Blockchain document transfer: understanding the technology and its uses
NOTE: This article was originally published in World Customs Organization’s News Magazine 97 — issue 1/2022, titled Destination…Data! The whole magazine is available here. We are re-publishing the article as expressly allowed by the WCO. — By Vjeran Ortynski, Chief Business Development Officer, CargoX, and Janez Kranjc, PhD, Chief Blockchain Officer, CargoX According to research, a single container shipment can generate up to 200 communications, and the administrative cost of processing the accompanying documentation is estimated to be 15–20% of the overall cost of transporting the goods. It is therefore essential to find easier, more efficient ways of transferring data and documents, and verifying and archiving documentation. Cutting file and data transfer times down to just a few seconds brings great benefits in reducing congestion at ports and minimizing storage and demurrage costs. Allowing economic operators to submit scanned or computer-generated documents certainly makes the whole process easier and swifter, but it does not make it possible to determine ownership of a file where required. There is also no means of generating a reliable audit log, used to record a history of changes made to a document, or establishing a paper trail directly to the original source. One method of resolving these problems would be to establish a centralized authority responsible for processing these documents, determining o...
In conversation: Vjeran Ortynski and Gamal Kotb, GM, MTS, about the CargoX and NAFEZA integration…
In conversation: Vjeran Ortynski and Gamal Kotb, GM, MTS, about the CargoX and NAFEZA integration benefits - SEE THE WHOLE VIDEO INTERVIEW: cargox.io The Egyptian Government has recently extended the ground-breaking customs project with CargoX (see the details here). Vjeran Ortynski, CBDO, CargoX, used this opportunity to talk to Mr. Gamal Kotb, GM, Misr Technology Services (MTS), to explain the benefits of this collaboration for the exporters, importers, and Egyptian governmental agencies. What does the CargoX–MTS partnership entail? Gamal Kotb, MTS: Our project is about the Egyptian national single window for cross-border trade. When we talk about cross-border trade, we are talking about the exporter community abroad and also about the local community of businesses and government agencies in Egypt. MTS needed access to the world outside the borders in order to obtain documents and other services. We researched this field and decided to enter into a partnership with CargoX, in order to provide a single-window system to those who export to Egypt. This community sees us through the CargoX Platform and their solution. Vjeran Ortynski, CargoX: Gamal, you have put it nicely that we connect NAFEZA with the world, with an ecosystem of more than 75,000 companies across the globe. Who are the users of Nafeza? What are the benefits for them? Gamal Kotb, MTS: We have two classes of users in the trade community in Egypt. These are ...
International groups and frameworks for fast-tracking global trade document digitization
CargoX has built a disruptive electronic trade document exchange platform with a neutral, public Ethereum blockchain. But despite the truly (r)evolutionary dimension, It is our goal for the CargoX Platform to be compliant with new and emerging industry standards. Some efforts among these are truly monumental and have started to gain traction and show real benefits for companies and organizations taking part in global trade. The CargoX Team is actively pursuing collaboration and closely follows the endeavors of leading global industry bodies and organizations on providing a modern set of standards and legislation adoption that could remove friction in global trade. So, what are UNCITRAL MLETR, ICC URDTT, DCSA Standards for electronic Bill of Lading, ITFA DNI, UNCEFACT/UNECE RDM, and FITA by DCSA, BIMCO, FIATA, ICC and SWIFT, and what do they actually mean? Let us explain. — Fundamental legal compliance already exists - Luckily, the use of electronic trade documents, such as blockchain Bills of Lading, is already safe, secure, and foremost legal around the globe. The concept can be used if all parties agree to such an exchange of documents — as analyzed in the article The legality of an electronic bill of lading. — In line with the goals of leading G7 economies - The compliance agenda and the legal feasibility of the electronic trade document exchange CargoX Platform are completely in line with the goals o...
What are the P&I clubs and what role do they play in the adoption of electronic Bill of Lading #eBL
One of the most important moments in the business development of CargoX and its CargoX Platform for Blockchain Document Transfer (BDT) was the approval by the International Group of Protection & Indemnity Clubs back in February 2020. So, what does the IGP&I actually do? The IGP&I today consists of thirteen clubs that shipowners, operators, freight forwarders, and warehouse operators can join to mutually provide insurance, information, and representation for various risks in maritime shipping, where traditional maritime insurers of cargo, ships, and equipment do not offer coverage. Through the unique Group structure, the member Clubs, while remaining individually competitive, share between them their large loss exposures, and also share their respective knowledge and expertise on matters relating to shipowners’ liabilities and the insurance and reinsurance of such liabilities. — IGP&I’s endorsement of electronic Bill of Lading technology - It was the IGP&I that gave formal approval to the first digital platforms for electronic Bill of Lading transfers and their use in global trade and recognized the technology as trustworthy for the most important documents in global trade. The first three platforms that were approved all utilized classic client-server architecture: Bolero, essDOCS, and e-Title™ (later acquired by R3). While market adoption was slow and global trade persisted to rely on paper d...
Blockchain blockbuster — Egyptian government extends ground-breaking customs project with CargoX
Blockchain blockbuster — Egyptian government extends ground-breaking customs project with CargoX - (Ljubljana, Slovenia — 7 March 2022) — CargoX, the global blockchain company leading the world on the digital transfer of trade documents, has announced a long-term extension to its disruptive agreement with the Egyptian government to accelerate the digital transformation of Egypt’s trade flows with the world. The public-private partnership Misr Technology Services (MTS) — 80% owned by the Egyptian government — authorized CargoX as its blockchain document transfer gateway service provider for the country’s official NAFEZA single-window trade platform in March last year. Designed to bring trust and transparency to a digital trade environment, systemize Egyptian trade documents and information flow with companies around the world, the NAFEZA solution integrates the CargoX platform for Blockchain Document Transfer (BDT). Usage of the system became mandatory in Egyptian ports on 1 October last year. Since its implementation, the project has surpassed all expectations with CargoX’s blockchain solution already used to seamlessly and safely transfer more than 1,100,000 actual trade and finance documents for more than 75,000 customers. NAFEZA’s triumph has made CargoX the fastest-growing blockchain platform in the logistics industry. It represents one of the most compelling cases for the adoption ...
EBRD and QNB ALAHLI accelerate trade finance digitalisation with a trial of Contour digital trade…
EBRD and QNB ALAHLI accelerate trade finance digitalisation with a trial of Contour digital trade finance network with integrated CargoX Platform - (London — 24 February 2022) — The CargoX Platform for Blockchain Document Transfer (BDT) was used in three test transfers of letters of credit on the digital trade finance network Contour, conducted by the European Bank for Reconstruction and Development (EBRD) and QNB ALAHLI, one of the largest commercial banks in Egypt. The EBRD has designated digitalization as one of three priorities for the next five-year framework. Processing large amounts of paper-based documents, as required by a letter of credit in global trade, is slow, cumbersome, and can result in delays. The performance of the exporter and importer is tied to the documents requested in a letter of credit. The payment is transferred after the buyer’s bank requests the document from the seller and verifies that the submitted documents are in compliance with the documentary credit terms set by the buyer, and the rules of the letter of credit. This can include a commercial invoice, a bill of lading, a packing list, a certificate of origin, an inspection certificate, an insurance certificate, a health certificate or a phytosanitary certificate, a consular invoice, a draft or bill of exchange, and other documents. Carl Wegner, CEO, Contour, said: “Transforming trade finance can’t be achieved by a single co...
What is Advance Cargo Information (ACI) and how does it benefit companies and customs agencies?
- by Igor Jakomin, Ph. D., Chief Strategist and Member of the Board of CargoX, is an expert on topics of international transport, logistics, supply chain management, shipping, and technology transfer Global trade is set to benefit from numerous opportunities to digitalize key processes in everything from logistics, finances, and compliance to, as the most recent development, customs processing. — It’s time for frictionless customs processing - Technological advances over the past decade have powered the complete digitalization of business. The recent standardization of the electronic bill of lading in global shipping has provided the final building block to make goods in global trade and information about those goods flow faster, better, and more securely around the world. The stage is set for customs authorities and agencies focused on controlling the flow of goods and collecting duties in international trade to leverage these new technologies and facilitate smoother import processing, with far greater security and visibility. — Advance Cargo Information - A standardised, modern Advance Cargo Information process, compliant with the World Customs Organization’s SAFE Framework, provides customs authorities with information about cargo even before it arrives in the country of import. This enables the Customs Authorities to streamline their workflows, support pre-clearance of shipments, and conduct documentation...
Electronic bill of lading #eBL
— Peter Kern is the COO of CargoX Ltd., with almost two decades of experience in leading positions in the shipping industry Electronic bills of lading are becoming a standard way of transferring title and as the contract of carriage — and rightfully so. They are faster, more cost-efficient, and safer to transfer, compared to traditional paper documents. Not to mention that they can be manipulated contactlessly and remotely in distributed teams, with the help of digital signatures. That is why numerous large shipping companies and leading maritime trade countries are driving the digital transformation of global trade and improving operational efficiency. — Electronic B/L (#eBL), blockchain B/L and smart B/L - Electronic bills of lading enable digital document of title transfer, preserving all the functions of a paper bill of lading while improving speed, cost-efficiency, and reducing the risk of delays. Blockchain brings major improvements to the core electronic B/L functionality. A blockchain bill of lading (or a smart bill of lading) is a special type of electronic bill of lading that uses blockchain technology for an immutable audit trail, ultimate transparency of business events, and unbreakable confidentiality among business partners. Blockchain bills of lading make it possible for businesses to build deep levels of trust, automated processing of release, improve workload planning, and even help analyze pro...
API, the magic glue of business innovation
— Simon Ručigaj digitalization advisor and communication manager The digitalization of global trade is picking up speed at an unprecedented pace. New solutions, platforms, and digital marketplaces are springing up everywhere. Manufacturers, exporters, importers, trading companies, and all other entities involved in the process need to learn how to use all the new tools, applications, and processes that differ from what they are used to, and find new ways to utilize the data stored in them. As new technologies emerge, there is a clear trend of seeing lots of new platforms fighting for market share to become the tools in global trade, to provide better opportunities for companies and organizations. Each of these platforms might have its own user interface, approach to getting things done, a different method of use — something that users, administrative workers, marketers, and managers need to learn to use efficiently. Large corporations and organizations have long been using software solutions, tailored to their needs. They are used to tightly integrating them together, and being able to share their data and features between the applications and databases. This allows them to optimize their work processes, reduce time needed to perform tasks, improve data quality, and ensure internal and external compliance. Besides, they can streamline the workload for their workforce and find new opportunities — and grow their ...
Document repositories, archives, and the InterPlanetary File System … and blockchain!
Document repositories, archives, and the InterPlanetary File System … and blockchain! - Simon Ručigaj, digitalization advisor and communications manager Companies in shipping have been desperately holding on to the paper bill of lading for hundreds of years. Over time it became the holy document that nobody wanted to let go of. But now CargoX has created a solution that empowers them to forget that piece of paper and start working digitally. What a sharp turn! To make things even more interesting, their documents will be transferred through something called blockchain, stored on something called an InterPlanetary File System (IPFS), accessible in a digital document repository, which also can be seen as a central digital archive. All this at almost the speed of light. One might just ask — are we sending documents to another planet?! So, what does it all mean and what are these things called: InterPlanetary File System (IPFS), Digital repository, Digital archive, Let us start right away by clarifying first how the CargoX Platform for Blockchain Document Transfer (BDT) handles documents. — Creation and storage of time-stamped documents, electronic Bills of Lading, Letters of Credit, and other original trade documents - Once your original trade documents are created by you or your business partner, they are uploaded onto the CargoX Platform for Blockchain Document Transfer (BDT). This can be done through the ...