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1. (WO2018163044) 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

Pub. No.:    WO/2018/163044    International Application No.:    PCT/IB2018/051399
Publication Date: Fri Sep 14 01:59:59 CEST 2018 International Filing Date: Tue Mar 06 00:59:59 CET 2018
IPC: G06Q 20/06
G06Q 20/38
G06Q 30/04
G06Q 40/02
Applicants: TATCHELL, Shona
Inventors: TATCHELL, Shona
Title: 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
Abstract:
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.