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The CargoX Platform for Blockchain Document Transfer (BDT), Fueled by CXO Token, Officially Approved Blockchain Technology Provider for ACI Customs Declaration in Egypt


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Cairo, Egypt – 21 April, 2021 – The Government of Egypt, through its Egyptian Customs Authorities, has made mandatory Advance Cargo Information (ACI) declarations with its new Egyptian Customs law #207 for all cargo inbound to Egypt starting on 1 July 2021. The process is managed through the Nafeza National Single Window for Foreign Trade Facilitation, built by Misr Technology Systems (MTS), and CargoX is authorized as the blockchain service provider.
So, what exactly is CargoX, and why is this great news for the crypto community? The answer is – CXO token burn and scarcity!
What is CargoX and what is CXO?
 The CargoX project with its CXO token is a unique gem in the crypto space that has brought to life a NFT-based transfer of Bills of Lading and other documents of title and original documents in the shipping industry, finance and other industries B2B or B2G. Its smart contracts are fueled by their CXO token of which only 215 mill ....

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How Blockchain will lead next industry revolution with finesse; case studies, challenges, adoption


How does a leading US biotech company become coronavirus superspreader
Blockchain has increasingly been receiving much attention from corporates around the world with a greater realization of the benefits that they can leverage around it. No more is the term restricted to the developer community but finding widespread acceptance among the industry. Global spending on blockchain solutions has a forecasted CAGR of 76%, reaching USD 12.4bn by 2022.
Blockchain in Transport Alliance (BiTA) lays down a suggestive timeline for blockchain as below :
There is a long way to go for blockchain initiatives. According to a recent Accenture survey, currently, 64% of blockchain initiatives are funded by IT/research and innovation budgets, indicating greater thrust on technology than on organizational fitment. Only 38% of the respondent firms had a clear business case before investing. Innovation, rather than business case, remains the primary driving force behind blockchain implemen ....

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