CargoX announced a new partnership with the Indian government and Portall aimed at digitizing the bills of lading and other trade documentation workflows. The digitalization process is part of India’s electronic Port Community System (PCS).
PCS offers specialized logistic services offering P-CaSo, which is developed by Portall Infosystems. Within the new partnership, CargoX’s Platform for Blockchain Document Transfer (BDT) will be integrated into the platform.
The Importance of Digitalization for Logistics
The PCS system in India started working in 2018 and experienced rapid growth. Indian government wanted to improve its EODB ranking, reduce health risks, and avoid bottlenecks caused during the handling of a hitherto paper-intensive process for export-import (EXIM) cargo at their ports by digitalizing the processes.
During the current pandemic, digitalization of other procedures received more priority importance from the government and the authorities have been looking for more efficient ways to implement electronic bills of lading, electronic delivery orders, certificates of origin, letters of credit, and other trade documentation across all EXIM transactions in India.
Portal Infosystem as the main contractor for digitalization plans, Indian Ports Association first tested the CargoX Platform for Blockchain Document Transfer.
Global shipping stakeholders in India examined the system for the efficiency and performance of electronic lading bill transferring. After the successful testing, CargoX started a partnership with Portall to provide the tools and technology needed.
As a result, The CargoX Platform can be accessed by stakeholders through the P-CaSo services marketplace, integrated into PCS 1x.
“We have developed the CargoX Platform for contactless, distributed online teamwork – and we are glad we did. In these times of multiple risks to our common society, we are proud to help shipping companies, who represent the backbone of the economy, resolve supply chain document sending issues and enables them to meet delivery deadlines everywhere in the world, in a secure and efficient manner, while also lowering the document transfer cost,” said Stefan Kukman, CEO and founder of CargoX.
There are dozen major ports in India that handle about 60% of the country’s logistic efforts. Digitizing the processes in these ports now mean more efficiency and speed, especially in document handlings.
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