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RE: Is CargoX the real deal or is the idea lost at sea?
Nice ICO overview, thanks!
"Nothing on Github... nada, zip, except for their token sale contracts."
This is seriously a very red flag for me. Proper software development is incredibly hard. I mean writing production ready stable software, not copy and pasting some notebooks or ERC20 tokens together. This gets several orders of magnitude harder if you do stuff on a blockchain.
So if they have nothing to show for that they are capable of doing this properly in terms of an open source project where you can inspect their code, this becomes a very high risk investment.
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.
Development is done internally for a reason. The reason is that at this stage anyone could easily copy/paste our work. Once we have stronger ecosystem/partner/customer list - we will begin opening the code to the public. Before deployment, all smart contract code will be vetted by experts (here is where MakerDAO partnership comes in) ... But - follow us - we are releasing news and more info about product as we progress...