How can blockchain improve subcontractor payment processes?
If you are a subcontractor in the construction industry, you know how frustrating and risky it can be to wait for your payments from the general contractor or the owner. You may face delays, disputes, or even non-payment, which can affect your cash flow, reputation, and ability to take on new projects. But what if there was a way to streamline and secure the payment process using blockchain technology? In this article, we will explore how blockchain can improve subcontractor payment processes and what benefits it can offer to all parties involved.