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SMART CONTRACTS ARE CHANGING HOW TRADE IS DONE
The way businesses contract with each other has remained pretty much the same for hundreds of years. Traditionally contracts are negotiated, drafted and agreed in a time consuming and costly manner, before being stored away in paper and usually only revisited only if a dispute arises.
Smart contracts are digital expressions of contractual provisions that enable the automation of online activities that arise from, or are in connection with, the contract. They can transform contracts as we know them into a very useful, valuable and dynamic business tool
SmartContracts.Shop is a Blockchains.Business site. Some smart contract Templates for sale below
Current Supply Chains are very inefficient, complex, and lack transparency. A major benefit to Buyers of Blockchain, is the transparency it provides, how it simplifies admin and payment, and the fact that products can easily be tracked in real time. With blockchain there's an immutable record of all the transactions and all the loads that move through the system.
Physicals.Trade is a Smart Contract Template that can help create a smart contract that manages a Physical Trade Supply Chain on a blockchain. It also helps to ascertain Provenance. Physicals.Trade can also help utilize Inspections by Inspection Agencies acceptable to the Buyer, to verify products.
T-0 Trade (Transaction plus zero (0) days) is the ability to complete a stock or cross border trade transaction in the same day it was made, which includes settlement, payment and transfer of ownership.
This has traditionally been a very difficult thing to accomplish. The T-0.Trade Smart Contract Template can help create a smart contract that can help to facilitate a T-0 Trade.
Counter Trade means exchanging goods or services which are paid for, in whole or part, with other goods or services, rather than with money. Counter Trade also occurs when countries lack sufficient hard currency, or when other types of market trade are impossible.
Counter Trade Transactions can be very lengthy and complex. Counter-Trade.com is a Smart Contract Template that can help create a smart contract on a blockchain that can be used to provide much greater Speed and Efficiency to Counter Trade Transactions.
Providing Smart Contracts for TradeNetworks
SmartContracts.Shop Supplies a Trade Networks Programme. It can provide Smart Contract Templates that can help create a smart contracts utilized on a Blockchain for Buyers, Manufacturers, Sellers, Supply Chain Finance Providers, and other players in relevant Supply chains.
Our SmartContracts.Expert Service can help you with Smart Contracts customization and integration.
The utilization of Smart Contracts on a Blockchain is changing the very nature of Trade. Blockchain can enhance Trade in ways that include the following:
All trade parties on the Blockchain can share data as they deem appropriate. Some Features of the Blockchain are detailed below.
Blockchain can eliminate the need for trust in transactions, thanks to the fact that it facilitates the use of transparent and immutable smart contracts.
Blockchain offers potential for easing and speeding up transactions between trading partners. Advantages include:
- Improving supply chain visibility and transparency
- Reduction of transaction costs
- Tracking of products moving through the supply chain
- Facilitating the sharing of information across the Supply Chain
To purchase a Smart Contract Template and/or to use our SmartContracts.Expert Service for Customization and Integration, please contact us.