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Today, Surecomp announced that CargoX is joining its RIVO™ platform.

This partnership enhances Surecomp’s ecosystem, providing customers with centralised access to a range of top-tier electronic trade document solutions to enhance their digital trade finance operations.

Operating its own independent Blockchain Document Transfer (BDT) platform, CargoX is used by 117,000 businesses on a daily basis for encrypting and transferring electronic trade documents across the globe. 

Since its inception in 2018, the BDT platform, typically used by shipping, logistics and government entities – has sent in excess of 5.5 million documents. Its rapid expansion is attributed to ease of use, akin to email or e-banking, military-grade encryption and real-time transfer times. 

By expediting the digital exchange of documents such as bills of lading, customers are benefiting from substantial time and cost savings with optimal security.

Peter Kern, VP Sales at CargoX, comments, “Our partnership with Surecomp is instrumental in facilitating significant progress in the industry’s efforts to become more secure, efficient, and sustainable. Our customers and now customers of RIVO, know they are using the most secure trade document transfer service, and in doing so are promoting trust and transparency in global trade.”

Enno-Burghard Weitzel, Surecomp’s SVP of Strategy, Digitization and Business Development, shares, “A digital hub enabling the trade finance process to be seamlessly processed in one place, the value of RIVO is in providing centralized access to functionality for every step. The transfer of electronic trade documents is absolutely fundamental, which is why we are delighted to welcome CargoX as another key industry provider in this space.”