Lohncontract.com is a trading platform where the main parties of lohn contract are meeting. The relationship between them managed in blockchain by smart contracts will create a safe and relaxed business climate and the secondary actors such as carriers, quality control experts or internal suppliers will be able to contribute to the smooth performance of the main contract.
Lohn is a widely spread contractual form in various industrial fields of international cooperation relations, especially in the industry of clothing, footwear, leather, furniture, software and hardware, pharmaceutical, metal working, metallurgical, machine tools, automotive, automation, machine building industry, electronics and appliance industry, food and beverage industry, petrochemical industry.
At present, the annual production achieved in lohn globally exceeds 10,000 B $, representing 10% of GDP (Gross Domestic Product).
The lohn system consists of an economic business, carried out on a contractual basis, between two companies of different countries. One company performs, for a retribution in cash or in kind, a custom-made product according to the design, drawings, usually with raw materials and materials of the other company, which keep the right to trade that product under its own trademark.
The low production cost in emerging economies makes these markets very attractive for the production of consumer goods.
The main benefit of producing goods in these markets is the extremely favorable production prices which maximize profits.
