4.3 Settlement

The settlement made by logistics service users will be paid to participants through a smart contract. Each participant can request payment for their contribution and will receive payment when the freight is confirmed to be intact. Once it is verified that no problems occurred to the freight when the participant was carrying out their service, the payment will be made automatically via the smart contract. Each participant decided in advance about the ratio of fiat currency and cryptocurrency they would like to be paid in, and the payment will be made according to their wish. If the freight is damaged, the payment will be deferred and temporarily held by dKargo. Once the consignee uploads data about the freight’s status and confirms it is intact, the deferred payment will be made. If the freight is damaged, compensation will be made through either a deposit (4.7 Guarantee and Insurance) or an insurance firm (4.9 Value-added Service Providers).