Ljubljana, Slovenia & Madrid, Spain. CargoX and Usyncro announced during the Slovenia Logistics Congress the collaboration of both Blockchain-based platforms for electronic document management for supply chain management. During a joint intervention, in which the interoperability between the two services was demonstrated in real time, the service competitors showed the value of collaboration to further drive the digitization of logistics management and international trade.

As logistics activity advances, ports and governments are supporting and adopting more electronic trade documentation solutions as they face the challenge of addressing cross-platform interoperability. In this case, the digitization of trade documentation brings enormous advantages, such as reduced cargo clearance times, increased security, reduced costs, improved administrative compliance and transparency among stakeholders. During the presentation, Cristina Martín, CEO of Usyncro, also discussed some of the projects that the Spanish technology company is working on in this area, such as the Green & DigitalThis pilot project, currently in Phase II, is led by the CITET Cluster with DHL and Fieldeas, with ALIA Aragón and UNO Logística for the generation of electronic documents such as the eCMR or eBL (eCMR).Bill of Lading), guaranteeing its authenticity with the use of the Usyncro platform’s blockchain.

However, most of today’s solutions for creating, managing and processing Electronic Trade Documents (ETD) are closed systems that require all players to use the same vendor. In response, industry bodies and international institutions are actively working on cross-platform interoperability by conducting proof-of-concepts and preparing specifications. Proof of this is the recently announced collaboration between CargoX and Usyncro. Both platforms have actively participated in these projects, promoting interoperability and their interconnection.

Immediately, the connection will be of direct benefit to all Usyncro users exporting goods to Egypt. This will allow them to quickly obtain the ACID number generated by the NAFEZA customs system, which is necessary to carry out the customs procedures for importing into the country. This unique shipment number will be applied seamlessly to the relevant business documents generated in the Usyncro platform. Once users prepare these documents from Usyncro, they can submit them directly through the interconnectivity between Usyncro and CargoX. With this connection, users will no longer have to use two different systems to export to Egypt. This will reduce the probability of errors, costs and the time required to complete the process.

FIRST PHASE OF CROSS-PLATFORM COLLABORATION

Interoperability in the ACID number submission process for Egypt marks the first phase of the integration of CargoX and Usyncro. Both companies are working on the next phase in which they will provide integrated solutions for the creation (Usyncro) and transfer of possession (CargoX) of maritime shipping information or Bill of Lading (eBL).

At the same time, CargoX users will make their information available to the Spanish Tax Agency through the connection module that the customs authority maintains with the Usyncro platform. We are also working on access to the rest of Usyncro’s document management functionalities.

Among other advantages, this will enable faster permitting with European authorities as the Electronic Freight Transport Information regulation (eFTI 1056/2020), expected in July 2024, comes into force. This regulation aims to promote the use of digital technologies to meet regulatory requirements within the EU and to establish interoperability between IT systems and solutions used.

The announcement and demonstration of such interoperability between CargoX and Usyncro clearly shows that both companies – and therefore their users – are leading the European adoption curve and courses of action.

“CargoX has been at the forefront of interoperability challenges for years. In 2022, we participated in the realization of the first electronic shipment information exchange between two platforms, and last year we were part of the SWIFT proof of concept,” stated Bojan Čekrlić, CEO of CargoX. “Collaboration among players in the logistics ecosystem is critical to achieving far-reaching results. Technology should not be an obstacle, but an enabler to achieve more efficient and sustainable supply chain management.“said Cristina Martín Lorenzo, CEO of Usyncro.

BLOCKCHAIN TECHNOLOGY FOR LOGISTICS MANAGEMENT

Both companies’ solutions are based on the use of Blockchain technology. Blockchain provides immutability of records, as well as a decentralized approach that promotes transparency, security, traceability, efficiency and cost reduction in document management. All these features make Blockchain technology a natural partner to ensure digital trust in shared documentation.

Electronic trade document management with Blockchain is ushering in a new future in logistics and beyond. It will not only replace paper-based document processes – improving efficiency and compliance guarantees – but also opens the way to new opportunities for stakeholders. Technological interoperability will greatly accelerate this progress.

“We know that the collaboration between CargoX and Usyncro has a great international impact because of its contribution to global trade management and future interactions between customs authorities,” commented Cristina Martín Lorenzo, CEO of Usyncro, added that “is also a further step in the positioning of Spain as a privileged region for the entry of goods from Asia to Europe”.

“With its growing presence in the ACI and eBL environments, CargoX is helping the digitalization of global logistics. This partnership is another important step towards establishing seamless global trade,” concluded Bojan Čekrlić, CEO of CargoX.

ABOUT CARGOX

CargoX is a leading provider of blockchain-based electronic trade document solutions, bringing trust into the digital economy. The CargoX Platform for Blockchain Data Transfer (BDT) enables the creation, signing and transfer of electronic business documents, reducing manual paperwork and administrative burdens. The platform was developed with the aim of digitizing bills of lading and other electronic trade documents, and facilitated the first Blockchain-based electronic bill of lading to be used in practice. Since achieving that milestone, CargoX has added support for several types of electronic bills of lading. He has also collaborated on the development of future standards with major shipping and logistics organizations, including DCSA and FIATA, as well as SWIFT and the International Chamber of Commerce. The CargoX platform for BDT is now an integral part of the Egyptian single window system for foreign trade, which includes advanced cargo information (ACI). 120,000 companies and organizations worldwide have used it to transfer more than 6 million documents. CargoX is currently collaborating on the implementation of similar systems in Uganda and Abu Dhabi, as well as working in the fintech space on new Blockchain-based solutions.

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