Update from Forestry.io

emily.vaughan@protocol.ai updated src/_blog/cargox-s-ipfs-based-nft-solution-is-trusted-in-international-trade.md
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emily.vaughan@protocol.ai authored and Forestry.io committed 2022-08-03 19:11:52 +00:00
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# Using BDT
The CargoX platform simplifies ETD processes and reduces them to a simple user experience
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The CargoX platform simplifies ETD processes and reduces them to a simple user experience:
* Corporate accounts can register on the platform (free of charge) in minutes, and they can validate their profiles with global banks (wire transfer), and the Dun & Bradstreet registry.
* Team member accounts are created for each company to provide a distributed working environment for electronic trade documents. This is virtually impossible to do efficiently with traditional paper documents of title.
* A contact book of corresponding companies can be created ahead of time or during use. The recipients only need to register on the platform.
* Users upload their digital documents or structured data _(feature coming soon)_ to the CargoX Platform through a web UI or via API.
* Documents are hashed, encrypted, enveloped, and stored on IPFS and accessible from any IPFS node.
* An NFT containing crucial information is created and the user can transfer it onto the recipient, providing a simple way to present the document and possession thereof.
* All transfer activity is visible in audit logs while confidentiality is maintained by the blockchain’s basic properties.