Smart Contract Automation for Corporate Governance

Eliminate invoice reconciliation and payment delays with self-executing contracts. When IoT sensors confirm delivery, payment is released automatically. This reduces Days Sales Outstanding (DSO) by up to 80% and cuts administrative overhead by 30-50%. Example: A global retailer uses this to pay suppliers upon verified container arrival, improving cash flow and supplier relationships.

Trigger instant, transparent payouts based on verifiable external data (oracles). For parametric insurance (e.g., flight delay, crop failure), claims are paid automatically when predefined conditions are met, removing friction and fraud. This improves customer satisfaction and reduces claims processing costs by over 70%. Example: Etherisc provides flight delay insurance that pays out automatically if a flight is delayed, with no claim forms required.

Automate Letters of Credit and trade agreements to reduce settlement times from weeks to hours. A smart contract holds funds in escrow and releases them upon digitally verified proof of shipment and delivery, cutting fraud risk and banking fees. This can reduce trade finance costs by 15-25% and accelerate global supply chains. Example: Marco Polo Network and we.trade use blockchain to automate and secure trade finance workflows for corporates and banks.

Eliminate invoice reconciliation and manual payment delays by using smart contracts to release funds automatically upon delivery confirmation. This reduces administrative overhead by up to 70% and improves supplier relationships.

• Real Example: Maersk's TradeLens platform uses blockchain to automate payments upon bill of lading verification, cutting payment cycles from weeks to hours.
• Key Benefit: Immutable audit trail for every transaction, simplifying compliance and dispute resolution.

Automate royalty distributions and regulatory reporting with programmable logic. Smart contracts can calculate and disburse payments to creators or partners in real-time based on predefined rules, ensuring accuracy and transparency.

• Real Example: The music industry uses platforms like Audius to automate royalty splits to artists and producers the moment a song is streamed.
• Key Benefit: Eliminates manual calculations and reduces the risk of human error and payment disputes, ensuring 100% auditability.

Streamline KYC/AML and professional credential checks with verifiable credentials on a blockchain. This creates a reusable, user-controlled digital identity that reduces repetitive verification costs for banks, employers, and educational institutions.

• Real Example: The EU's EBSI initiative enables citizens to store and share verified diplomas and identities across borders, cutting verification time from weeks to minutes.
• Key Benefit: Significant cost savings on third-party verification services and improved customer onboarding speed.

Unlock capital trapped in illiquid assets like real estate or fine art by creating digital tokens representing fractional ownership. A pilot can start with a single asset class to test market demand and regulatory compliance.

• Real Example: Companies like RealT tokenize rental properties, allowing investors to buy shares and receive automated dividend payments from rent.
• Key Benefit: Creates new revenue streams and provides investors with 24/7 access to previously inaccessible markets.

Reduce the 60-90 day settlement cycle in international trade by using smart contracts for Letters of Credit. Automate payments upon the digital verification of shipping documents, reducing fraud and accelerating cash flow.

• Real Example: HSBC and ING executed the first blockchain-based Letter of Credit for a shipment of soybeans, cutting processing time from 5-10 days to 24 hours.
• Key Benefit: Dramatically reduces counterparty risk and frees up working capital by accelerating transaction settlement.

Tackle the complexity of Environmental, Social, and Governance (ESG) reporting by using blockchain to immutably track carbon offsets or supply chain sustainability data. Smart contracts can automate the issuance and retirement of carbon credits.

• Real Example: IBM Food Trust is used by Walmart to trace food provenance, instantly providing ESG data for sustainability reports.
• Key Benefit: Provides tamper-proof evidence for audits, enhances brand trust, and automates compliance with emerging regulations.