Financial transactions and contracts are executed per their terms, but payments can be delayed, and verification of authenticity varies
Goals and Objectives
To have intelligent systems with logical release mechanisms to streamline and secure financial transactions and contract completion for exchange of goods based on agreed parameters
Blockchain, B2B Networks, digital supply chain, contract management, finance
Use Case Summary
Relationships between suppliers and Hospitality organisations will benefit from smart financial transactions and contracts that use conditional transactional verification. Authenticity of goods and traceability increases dramatically increasing consumer confidence.