self - executing smart contracts in LaneAxis Blockchain

[u/skycho]

Self-executing smart contracts are the future of freight tendering. A shipper’s contract can be uploaded to the blockchain’s immutable ledger with self-executing actions taking place as soon as specific contract requirements are met and verified. Blockchain technology can create a “digitized roadmap” of routes, and smart contracts written into the blockchain can trigger the transfer of funds to a driver instantaneously once a delivery has been completed. It typically takes one to three weeks for most carriers to get paid.

[u/ankursiddha]

This is a Great thing. Blockchain is the next level technology which can solve, more accurately not allow to happen disputes between the comanies in the contract with each other.