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SYSTEM AND METHOD FOR PROVISION OF SUPPLY CHAIN FINANCING OF ETHICALLY VERIFIED PRODUCT WHERE THERE HAS BEEN VERIFICATION OF PRODUCTION PROCESSES AND PRODUCTS INSPECTION USING BLOCKCHAIN SMART CONTRACTS
SYSTEM AND METHOD FOR PROVISION OF SUPPLY CHAIN FINANCING OF ETHICALLY VERIFIED PRODUCT WHERE THERE HAS BEEN VERIFICATION OF PRODUCTION PROCESSES AND PRODUCTS INSPECTION USING BLOCKCHAIN SMART CONTRACTS
A system and method for ethical product certification related to production process and products inspection using blockchain smart contracts. One embodiment of the system is that an e-cash as a reward is transacted from the buyer to the supplier if the produced product complies with production and/or any other ethical rules and the pricing at which the financing is given is determined by the credit rating of the buyer and a mathematical formula that determines the supplier rating according to the rules of ethical compliance of suppliers.
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