la exportacion de ATUM

The columnist and consultant on financial and business issues, Oscar Espinosa Villarreal who is today a columnist, published in the Mexican newspaper on the Intelligence of intelligent contracts, we summarize it below

It states that with intelligent contracts on blockchain technology, a contract is allowed to be executed automatically, facilitating electronic commerce without the need for intermediaries to intervene through electronic verification of the faithful compliance of the obligations of the parties.

The article also states that by November 2017 one of the first applications of these smart contracts was made in collaboration with Wave and BBVA, where the export from Mexico to Spain was made, in which the Barcelona company Frime, bought 25 tons of frozen tuna from Pinsa Congelados, from Mazatral.

This contract was the first carried out on a blockchain, which made it possible to automate the electronic sending of documents that enable the import and export transaction between Latin America and Europe. The blockchain technology simplified the normal time to authorize and verify the international trade transaction, accelerating the process to 2.5 hours, being much more secure to the traditional method.

source of the shared information