CargoCoin

CargoCoin is the blockchain platform designed to simplify and optimize interaction between traders, forwarding agents, navigable lines, agents on armoring and also all other parties participating in international trade and transportation of goods and loads.

The architecture of the platform is based on the principles of security, transparency, tracking and the reporting. It is configured in such a way that it can be used as the platform with basic functionality or as the difficult utility for smart contracts with different options of payment. The sheaf between real trade operations and transactions on the basis of a blockchain gives an opportunity for implementation of different large-scale projects. All utilities work at the platform based on CargoCoin tokens. One of problems of a command — to increase demand and to facilitate use of tokens in real business.

Project Objectives

• The purpose of CargoCoin is creation of free global market of trade and transport on a basis a blockchain and smart contracts.
• Ultimate goal is value increase of a token of CargoCoin

Effects of application

According to developers of the platform, application of CargoCoin will provide:

• Fraud reduction
  • the Smart contract Cargo Coin in the trade and transport industry minimizes a fraud risk and in many cases completely eliminates it, without confirming any payments until previously set conditions of the counter parties are not completely satisfied.

• Cost reduction
  • Smart contracts of Bills of lading and Letters of credit reduce the cost of the high bank charges for services of conditional deposition. The smart Bill of lading excludes the cost of the international courier services and office costs.

• Minimization of delays
  • Instant exchange of documents thanks to preestablished by smart contract conditions.

• Security of information
  • CargoCoin relies on technology of the hashing algorithm that excludes a possibility of information leak.

• Increase in trust
  • CargoCoin is based on public infrastructure of Blockchain Ethereum supported by thousands of people in the infrastructure decentralized by peer-to-peer.

• Safe information storage
  • CargoCoin not only allows, but also completely provides complete historical storage of all transactions which ever were carried out that allows to avoid risks of loss or destruction of paper documents.

2018: Integration with the SKYFchain blockchain platform

On July 17, 2018 it became known that the project team of SKYFchain and Cargo Technologies company agreed about integration of the logistic platforms. Read more here.

You look also the Blockchain and cryptocurrency