Review on CargoX by Robiul Islam
The World’s First Blockchain Bill of Lading.
It has carved themselves out a section of the supply chain that they can dominate as a first mover. It aims to transform the worldwide shipping industry by securing billing lading documents using blockchain technology. For these importers and exporters, these documents will provide a way to exchange faster and more expensively without any possibility of fraud in a digital, secure, and neutral environment. Their cost will only be 10% of the current cost, straightly 1000x faster, and as a blockchain technology, they will be the safest most untamperable open ledger of Bill Lading in the world. There is no other solution that can compare with theirs. And right now, they are the only blockchain project in the whole world addressing this issue. This is game changing technology.
Pros
- Having A Bill Of Lading On The Blockchain is A Accurate Usage Of The irreversible, Public Nature Of The Technology.
- A Identical Take On Supply Chain. It’s Awesome To See CargoX Different Their Business Model Apart From Analogous 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.
- Imperial CXO Supply Considering Usage. Not Too Little But Enough To Avoid Large-Scale Inflation Of The CXO Token If Adopted.
Cons
- Vechain also has a analogous model in the works. It 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.
