The CargoX platform announced in a new statement that the Indian government has relied on it in the task of processing administrative documents of a commercial nature as well as processing bills of lading, thus increasing the digital transformation agenda in the field.

The CargoX platform is based on the Ethereum blockchain and the information system provided by Portall.

According to the same Statement The Indian government is working on digitizing bills of lading and some other commercial document work, and blockchain documentation is among the missing necessities in the country.

The CargoX platform is designed to provide specialized services called “P-CaSo” built by Portall Infosystems, and the Ethereum blockchain is used for transparent and secure BDT document transmission.

Read:January… The performance of trading platforms’ cryptocurrencies outperforms the famous cryptocurrencies

According to CargoX, the Indian port community system has grown by 300% in two years, as Portall has been given the green light to upgrade its computers.

The main objective of the modernization process was to eliminate the health risks and hurdles that may result while dealing with paperwork, export and import operations for shipping in the ports.

The importance of digitization has long been emphasized by the trade organizations of the Federation of Indian Logistics Association (FILA), which gave the Government of India a push to start assessing the need and tools needed to meet it which was initiated by the Government by activating electronic authentication in all commercial transactions across India.

Now what Portall has to offer has been tested and CargoX’s blockchain document transmission platform has been confirmed to be well suited for fulfilling electronic bills of lading.

CargoX and Portall Infosystems have signed an agreement to digitalize all processes involved in bills of lading and commercial document transmission.

The CargoX platform can now be accessed by relevant stakeholders through the P-CaSo Marketplace.

Portall has developed the Indian Ports Community System to manage commercial documents for all major ports in India, handling around 60% of the cargo movement in the country, thus reducing the hassle of dealing with paperwork, 19 Indian ports are now using this system.

Read:Bitcoin price drops below $37,000 after the dollar index rose to its highest level in decades

Stefan Kochmann, CEO and founder of CargoX, stated that the company is happy to help the transactional and freight forwarding industry as it is a major driver of the country’s economy.

Manish Jaiswal, Head of Portall Infosystems told CargoX and Portall that both CargoX and Portall can be considered as new start-ups but they have the expertise to transform the shipping industry in India.

He said CargoX is driven by value and works for transparency with innovations that save cost and time.

Globally, Ethereum blockchain platforms are adopted by many companies, with Google and a host of other large platforms reportedly taking advantage of the potential of Ethereum.

Read also:

A new report explains the high fees for recent Ethereum transactions

Following in the footsteps of Ethereum… “Tezos” plans to provide domain name service