From Farm to Global Market
in 6 Steps
Every lockt trade follows a verified, escrow-protected workflow — from contract to payment. No blind trust. No surprises. Just security at every step.
The 6-Step Trade Flow
A structured, verified sequence that protects every party from the moment a trade is created to the final settlement.
Create Trade Contract
The exporter initiates the trade on lockt by creating a detailed trade contract and inviting all relevant parties — importer, farmer, and freight forwarder. A smart contract is auto-generated with all agreed terms, quantities, quality specs, and timelines baked in.
KYC & Verification
All parties undergo AI-powered Know Your Customer (KYC) checks before any funds move. Government IDs, business registrations, director checks, and biometric liveness detection are verified. A risk score is calculated for each participant and attached to the trade.
Fund Smart Escrow
The importer deposits the full trade amount into lockt's smart escrow system. The 2% platform fee is deducted immediately upon funding. The remainder is cryptographically locked and cannot be accessed by any party until verified delivery milestones are met.
Production & Document Upload
The exporter produces or sources the goods and uploads all trade documents — Certificate of Origin, Bill of Lading, Quality Certificate, phytosanitary certificates, and customs declarations. Every document is scanned by our AI engine for signs of forgery or manipulation before acceptance.
Shipment & Live Tracking
The assigned freight forwarder picks up the cargo and initiates the shipment. GPS tracking activates immediately, and all parties — exporter, importer, and lockt — can see the real-time cargo location. Port arrival, customs clearance, and final-mile delivery milestones are all monitored.
Delivery & Escrow Release
Upon delivery, the importer confirms receipt of goods with photographic evidence. The exporter's share of escrow is then released. The farm and freight forwarder are paid earlier, as soon as their own part is complete — each party receives the amount agreed with them on the trade. Every release is recorded and auditable.
Protection at Every Stage
lockt wraps every trade in three layers of protection — before, during, and after. No gaps, no blind spots.
- KYC & KYB verification for all parties
- Digital contract creation & multi-party signing
- AI risk scoring per participant
- Blockchain-anchored contract hash
- Escrow lock — no release without milestones
- AI-powered document forgery detection
- Real-time GPS shipment tracking
- Automated milestone confirmations
- Dispute resolution with AI evidence analysis
- Automatic multi-party payment settlement
- Trust score update for all participants
- Full audit trail on Polygon blockchain
Dispute Resolution Flow
When a dispute arises, a structured 4-stage process kicks in automatically — escrow stays frozen until resolution.
Dispute Filed
Either party submits a dispute with photographic evidence, shipment data, and document references. Escrow is automatically frozen.
AI Analysis
Our AI engine reviews all uploaded evidence, contract terms, blockchain hashes, and GPS data. A preliminary resolution recommendation is issued within 72 hours.
Country Agent Review
A trained lockt country agent in the relevant jurisdiction reviews the AI recommendation and can conduct physical verification if required.
Resolution Issued
A final binding resolution is issued. Escrow is released accordingly — in full, partially, or returned. All outcomes are recorded on-chain.
Average dispute resolution time: 4.8 business days · AI escalation available for complex cases
What Each Party Sees & Does
Dedicated flows for every participant — each dashboard, every notification, and every action is tailored to your role.
Create, Ship, and Get Paid — Without Risk
- Create the trade contract and invite all parties
- Upload verified documents for AI authenticity checks
- Monitor shipment status in real-time on the dashboard
- Receive your agreed share of escrow once delivery is confirmed
Pay Into Escrow. Receive Only What You Ordered.
- Fund the smart escrow after reviewing the contract
- Track shipment GPS live until delivery at your door
- Submit delivery confirmation or open a dispute with evidence
- The exporter is only paid after you confirm delivery or the dispute window ends
Guaranteed Payment Tied to Every Export
- Receive a payment allocation at trade creation
- Upload quality certificates and harvest documents
- Track your payment status through the farmer portal
- Paid automatically 24 hours after handing goods to the exporter
Deliver Cargo. Get Paid on the Spot.
- Assigned to a trade and onboarded in under 24 hours
- Activate GPS tracking upon cargo pickup
- Upload Bill of Lading and Airway Bill for verification
- Paid automatically 24 hours after uploading the Airway Bill / Bill of Lading
Four Guarantees We Never Break
These aren't marketing promises. They're hard-coded into the platform architecture.
Funds Never Lost
Every importer deposit is held in a ring-fenced escrow account. Funds can only be released via verified milestone confirmation or an adjudicated dispute resolution — never by any single party.
Documents Always Verified
Every trade document — Bill of Lading, Certificate of Origin, Quality Certificate — is scanned by our AI forgery engine and SHA-256 hashed on Polygon blockchain. No unverified documents can progress a trade.
Disputes Always Resolved
lockt guarantees a binding resolution for every dispute submitted. AI analysis, country agent review, and legal escalation paths ensure no trade dispute goes unresolved. Average resolution: 4.8 business days.
Payments Always Traceable
Every disbursement — exporter, farmer, freight forwarder, platform fee — is recorded on the Polygon blockchain. Participants can view their full transaction history, hash references, and settlement breakdowns at any time.
Common Questions
Straightforward answers to the questions we hear most often.
What happens if the importer disputes the delivery?
If the importer raises a dispute, the escrow is immediately frozen — no funds can be released until the dispute is resolved. The importer must submit photographic evidence and a written claim. Our AI engine analyses all trade data, documents, and GPS history within 72 hours and issues a preliminary recommendation. A country agent may conduct physical verification. A binding resolution is then issued, and escrow is released accordingly.
How is the 2% platform fee calculated?
The platform fee is 2% of the total trade value (or 1.5% on Professional plan). It is deducted automatically the moment the importer funds the smart escrow — before the trade proceeds. For example, on a $100,000 trade, the platform fee is $2,000, and $98,000 is locked in escrow for disbursement to trade participants. The fee is non-refundable once deducted.
Can I use lockt for partial shipments?
Yes. lockt supports split-shipment trades. You can create a trade with multiple delivery tranches, each with its own escrow tranche, document upload requirement, and milestone trigger. Each partial shipment is tracked independently, and escrow is released proportionally as each shipment is confirmed. This is ideal for agricultural commodities with staggered harvest cycles.
What currencies are supported?
lockt currently supports USD, EUR, GBP, and USDC (stablecoin) for escrow deposits and settlement. Currency conversion is handled at the prevailing interbank rate at trade creation time. Payouts to farmers and freight forwarders can be made in local currency via our partner payment rails in 34 supported countries. Stablecoin (USDC on Polygon) is available for instant, borderless settlement.
Have more questions? Talk to our team →
Start Your First Trade
Today
Join 2,800+ verified exporters, importers, farmers, and freight forwarders who trust lockt to protect every deal — from contract to payment.