RE: Is CargoX the real deal or is the idea lost at sea?
Added this link to the post as well as another graphic detailing their plan.
I agree that it is a risky project, from a few standpoints. The lack of code visibility is a red flag. We definitely cannot discount companies desiring to keep proprietary secrets to their development close to the chest. IP is hard to protect nowadays. That said, there doesn't seem to be much in the way of proprietary coding needed for a project like this. Success ultimately lies in application and adoption.
The next 5 months are very important for investors watching this project.
Release of B/L eXchange protocol
We will be releasing our B/L eXchange protocol and announcing the first beta trial Smart B/L sea-freight shipment.
Q2 2018
Smart B/L dApp
Release of Smart B/L eXchange dApp. We have already signed an NVOCC (non-vessel operating common carrier - one of top 10 in the world) for the test trial. The Smart B/L will be issued in Asia for a container shipment from Asia to Europe.