Application of Smart Contract Freight Systems

Quelle: https://www.ibm.com/blogs/blockchain/2019/07/how-smart-contracts-are-changing-supply-chain/

The use of blockchain-based smart contracts in freight systems to automate, secure, and provide transparency in transportation agreements, encompassing booking, shipment tracking, payments, and settlements without intermediaries.

Related Terms

You might also be interested in these terms

Freight contract

A freight contract is a bilateral agreement between a shipper and a carrier under which the carrier undertakes to transport goods from an origin to a ...

Learn more

Sea freight contract

A sea freight contract is the contract by which the shipper engages a carrier to transport goods by sea for a fee, and the carrier undertakes to perfo...

Learn more

air freight contract

A contract by which the carrier undertakes to transport goods by air for a fee, defining the rights and obligations of the shipper, consignee, and air...

Learn more

AEO application

An AEO application is the formal request submitted to customs authorities to obtain Authorized Economic Operator status, enabling enhanced security pr...

Learn more

Road freight contract

A road freight contract is a transport contract in which the carrier undertakes, for a fee, to transport goods from the shipper to the destination by ...

Learn more

scope of application

The scope of application in logistics and supply chain management refers to the range of use of a regulation, method, system, or agreement, indicating...

Learn more