Credits, a platform for the development and execution of decentralized applications based on the blockchain technology and smart contracts announced it has signed partnerships with Dylyver and RedCab to help enhance logistics processes by implementing Credits blockchain solutions.
These solutions enable every dispatch and every stage of cargo handling to be automatically processed thanks to using smart contracts. The interaction between participants of the transport chain is built through autonomously operating software systems. Blockchain solutions increase trust between participants through decentralized work.
None of the participants can stop a process that has been previously launched and approved by all the parties to the transaction. Each participant in the supply chain knows the capabilities of any other participant in advance and anything that happens at a particular time in the supply chain. This creates a maximum degree of trust, while all parties have access to the same amount of verified data.
Dylyver is a technology corporation that is determined to develop innovative transportation and logistics solutions by utilizing the benefits of the contemporary mobile technologies. The transfer requirements are formalized in an open and decentralized program, which means that there is no central administrator who can act in their own interests. Any event that occurs, for example sending a payment to transfer a claim right, is processed and noted by the blockchain. Credits solutions will streamline Dylyver’s logistics services by enabling enhanced control through instant cargo tracking, total cost reduction and elimination of data falsification.
RedCab is a fast forward company with a futuristic business model in the transportation space including car sharing. Credits blockchain solutions will assist RedCab to improve its area of expertise by simplifying payment procedures. Payments will be made on the condition of a service being accepted by the other party. A contractor will, therefore, be confident that once the services are accepted, the payment will be paid automatically from the smart contract account to the sender’s account.