The collapse of outsourcing firm Carillion has highlighted the supply chain costs of late payment and re-emphasised the benefits of blockchain technology.
Chief executive of business assurance at ship classification society DNV GL Luca Crisciotti told The Loadstar in an exclusive interview today that blockchain assured suppliers that not only would they be paid, but also exactly when.
“Financial controls are embedded within the blockchain, with payments placed and received through smart contracts …

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Source: The Loadstar