What Is CargoX (CXO)?
The CargoX platform combines tools, rules, and protocols to simplify and incentivize interactions between partners and facilitate network growth and the exchange of original documents with the help of blockchain technology. According to its whitepaper, the platform that powers the CargoX ecosystem is highly modular. Its architecture is designed to be adaptable, upgraded, growth, and scalable while ensuring the benefits of public blockchains - security, trust, and immutability.
The CargoX platform helps users transfer proprietary and other files encrypted with a high level of confidentiality and also transfer ownership of these files. Based on a neutral blockchain, the platform only provides event audit trail participation to participants while maintaining complete confidentiality and complete privacy of data, identities, and business connections.
CXO is the native token of CargoX. The token is a non-fungible and ERC721 token. ERC-721 refers to a token standard found on the Ethereum blockchain. The blockchain tokens are used to secure and transfer ownership of documents sent through the CargoX platform, and they function similar to bank transactions - except there is no central bank. The system is decentralized, which means there is no single point of risk. There are thousands of servers securing transactions to make secure transactions possible. The only thing that is important for the user of the underlying architecture is the blockchain key.
The CargoX File Exchange Protocol is a collection of rules and principles that define the services that enable the CargoX platform ecosystem and logistics services to work. The primary thing in the CargoX document exchange protocol is the CargoX smart contract.
In the protocol, CargoX acts as a service provider:
Defines protocol rules (by updating smart contracts)
Approves new users on the platform (KYC)
The following services are part of the CargoX platform solution:
Create and store time-stamped original documents
Proof and transfer of original document ownership
Attachments to original documents
CargoX improves its platform with new workflows to provide document transaction services for various industries, including manufacturing, trade, finance, energy, and services.
History of CargoX (CXO):
The CargoX was established in the year 2018. The total supply of CargoX tokens is 215,119,016 CXO.
