WCT promotes freight tracking and cost settlement for shipping
Shipping involves long voyages and multiple parties, making freight tracking difficult and cost settlement complex. WCT records data such as ship location, cargo status, and port docking on the blockchain, allowing cargo owners to pay freight with WCT, which is released in stages according to the arrival progress. After applying WCT, a shipping company saw a decrease in cargo loss rate by 80%, freight settlement time reduced from 30 days to 3 days, and cross-border trade efficiency improved by 50%, ensuring the stability of the global supply chain.