CargoX’s Blockchain Platform Is Open for Business(marine crane manufacturer;offshore crane manufacturer)

- Nov 15, 2018-

The company said that, by using the CargoX platform, shipping, freight forwarding, NVOCC, exporting and importing companies, forwarder alliances and networks, and ecosystems providing solutions for logistics and supply chains all over the world can speed up their business and slash costs.

The neutral and partner-independent platform offers a decentralized and cryptographically secure environment for sending digital documentation by means of a public blockchain network. It supports multi-user workflows, it is integration friendly since it is accessible through a browser, and it requires only a minimum investment for customers to start using it, according to CargoX.

The CargoX platform is based on the CargoX’s Blockchain Document Transaction System (BDTS) technology. Additionally, the platform gives companies the power to create, transfer, and state undoubted ownership of information or documentation, and the various types of maritime shipping documents are only the first to be available – among them the master bill of lading, house bill of lading, telex and express releases, switch bill of lading, sea waybills, and other types of documents and custom attachments. CargoX confirmed that blockchain-based letters of credit (L/C) and trade finance solutions, which are already in development, will be added soon.

The system stores documents and data securely encrypted on a public globally accessible blockchain network, hence implementation of new infrastructure is not needed. The platform can be used by businesses of any size.(marine crane manufacturer;offshore crane manufacturer)





Marine Capstan refers to the capstan with a warping head installed on deck of a ship mainly used for ship anchoring, mooring, weights pulling and so on. According to power type, there are mainly electric marine capstan, hydraulic marine capstan, manual marine capstan, pneumatic marine capstan and gas powered capstan winch; according to material of the marine capstan, there are cast iron galvanized capstan, stainless steel capstan, aluminum capstan and bronze capstan; according to shaft center line orientation, there are vertical marine capstan and horizontal marine capstan, vertical capstan is installed on deck with part of the capstan above the deck and other parts are below the deck; horizontal capstan is mounted above the deck. The power drives the drum to rotate to wind rope, cable or chain during anchorage or mooring operations. The torque transmission gear can be set in the warping head.(marine crane manufacturer;offshore crane manufacturer)