CargoX, the provider of the CargoX blockchain document transfer (BDT) platform, announced that they been granted prestigious approval by the International Group of P&I Clubs.

The release says that CargoX It has become the first and only approved provider to use the neutral, public blockchain Ethereum network for its platform.

The International Group of P&I Clubs (the IG) is an unincorporated association of the 13 principal underwriting Protection & Indemnity (P&I) Associations (Clubs) and their Affiliated Associations and Reinsured Entity.

Between them, they provide liability cover (protection and indemnity) for approximately 90% of the world’s ocean-going tonnage. Of the world’s top 25 reinsurers, 22 were featured on the group’s program in 2019.