Reduced transaction costs: #Blockchain-based smart contracts eliminate the need for intermediaries, such as #banks or #payment processors, which can significantly reduce #transaction costs.
Faster payment processing: Innovation99 uses #Smart contracts as it can automate the payment process, reducing the time it takes to process payments and improving #cash flow for businesses.
#ShipmentIndustry#BlockchainTechnology #SmartContracts #AutomatedPayment #TransactionCosts #PaymentProcessing