The digitalization of international trade remains a priority for manufacturers, importers, exporters, authorities, logistics, insurers, and trade finance organizations. However, stakeholder diversity, the complexity of international supply chains, and regulations have been met with too little and too fragmented investments to automate trade.
Goals and Objectives
Automating trust through tamper-proof, transparent, and self-executing contracts will reduce risk. This will accelerate supply chains and reduce cost.
IoT, DLT, smart contracts, BPM, and smart automation
Use Case Summary
Conditional supply chain payments will be an important step to accelerate supply chains, remove complexity, increase efficiency, and reduce risks for payments within a supply chain. The idea is to automate the initiation of a payment subject to meet predetermined criteria (e.g., cargo that arrives at a particular destination).