CargoX, the producer of the electronic blockchain-based Smart Bill of Lading solution, and Actual Group, member of DBA Group, the provider of advanced and comprehensive IT solutions for supporting port logistics operations and for monitoring and controlling retail business systems in the oil industry, have signed a partnership agreement that gives Actual Group access to the CargoX Smart B/L ™ solution, the company said in its press release.
The significant advantage of Actual Group, built over the past 20 years, is based on their comprehensive IT solutions under the PORT-Line trademark, which include a group of products that support port logistics operations, and GASO-Line, which includes a group of products for monitoring and controlling the retail business system in the oil industry.
The Actual Group, through its company Actual I.T., has major references in the logistics industry in the region, the most prominent being the Port of Koper (full outsource of IT since 2004), Port Authority Ploče, Adriatic Port Community, Centralog, and local branches of DHL Logistics, Gebruder Weiss, Kuehne Nagel, Samer & Co, and others.
Actual Group is recognized in Southern Europe for implementing business information systems based on SAP technology, which are marketed under their BUSINESS-Line trademark. The backbone of comprehensive IT service management is comprised of infrastructure solutions, which are marketed under their SERVICES trademark.
The innovative CargoX platform streamlines the issuance and handling of original bills of lading on the Ethereum blockchain network, facilitating the digital transfer of the ownership of the bill itself and thus its related assets from the issuer, to the shipper, to the consignee, to release agent. This creates the first fully digital, paperless, and secure original bill of lading solutions.
With the introduction of the CargoX Smart B/L™, users of the Actual Group software solutions will reap the benefits of a modern blockchain-based solution: ultimate reliability, security, and much higher speeds of transferring documents between process partakers, as opposed with the current, paper-based system.
The Bills of Lading will be created and transferred in a matter of minutes and for a mere fraction of the current cost.
All document archives will be readily available in the encrypted cloud storage. This approach will save logistics companies massive amounts of paper, time, and money.
