INHERENTLY IMPROVING TRUST RELATIONS BETWEEN INDIVIDUAL
PARTICIPANTS
By encoding and encrypting waypoint information and data about which orders belong in a shipment, digital escrows can be used to fairly assess whether goods actually arrived in that particular shipment. When an order is placed, the funds are held in escrow within the immutable SupplyBloc platform and all participants are able to monitor the transaction. Once the transaction is completed, the funds are
released automatically from escrow and the entire process is permanently recorded on the blockchain ledger. This makes it theoretically impossible for individual parties to corrupt or withhold critical information regarding a transaction.
- All transactions and interactions that occur between participants and materials within a supply-chain that uses QUASA technology will be recorded and unchangeable, vastly improving the trust relations between the separate businesses involved.
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