Much
on blockchain reflects a single one buyer-one seller direct transaction. International trade thought has multiple transactions with multiple stakeholders and participants at multiple levels at multiple time and different roles with multiple Incoterms. The different roles can be obvious
such as the product buy and the ocean shipping. But there are other players that
are behind the scene—trucking to/from the port, terminals, etc. There are
also transactions between them that are “hidden”/indirect from the product
buy/sell and ocean freight buy/sell. For true supply chain custody,
control, and visibility, all transactions on multiple ledgers should be
integrated to achieve the desired supply chain benefits. There are also
sub-plays, such as whether and how a smart contract pay defaults as an ocean
transport shipping/service contract—and an built-in audit. The complexity
of international expands the blockchain and distributed ledgers, and they should be brought together.
No comments:
Post a Comment