Smart contracts are programmed agreements that execute automatically once predefined conditions occur – for example, 'payment only after documented delivery confirmation.' For multiparty freight contracts, blockchain-based smart contracts allow shippers, carriers, and consignees to self-execute payment, document release, and title transfer without intermediaries.
Source: https://www2.dhl.com/global-en/home/insights-and-innovation/insights/blockchain-in-logistics.html
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