Businesses and individuals may purchase goods which need to be shipped from the seller to the buyer. Shipment of goods is normally accompanied by shipping documents like a bill of lading. Smart bill of lading relies on blockchain technology and buyers do not need to spend more on the issue of these documents. Also with the blockchain technology, goods can be tracked anytime and the data is updated regularly ensuring real time management of shipments. The buyer and only the party given the shipping contract can view the real time data related to the shipment increasing the privacy of the process.
