The purpose is to verify and process freight invoices entirely automatically and tamper-proof: transport costs, contractual rates, and performance data are recorded on a blockchain; smart contracts validate invoices against contracts, and payment executes instantly if everything matches.
Source: https://www.supplychaindigital.com/technology/blockchain-freight-audit-automation
Matching tools and partners
You might also be interested in these terms
Free · No password · Never a paywall. Weekly top news and facts from logistics.
Content reviewed and editorially cleared.
Share your knowledge, ask follow-up questions, or add practical insights to this page. Every contribution is moderated before publication.