The Settlement Layer for the Working World
BITS Settld™
Instant blockchain-powered payment settlement for freight carriers, contractors, and gig workers. No more waiting 30–90 days. GPS-verified delivery, blockchain escrow, TRACE-anchored proof — settlement in seconds.
The Problem Settld Fixes
The people who do the most physical work in our economy wait the longest to get paid. Freight carriers float fuel costs for 90 days. Contractors chase invoices for months while managing payroll. Gig workers live one bad week from crisis. Payment disputes cost businesses billions annually — and the people who can least afford to wait always wait the longest.
"You did the work. You should get paid. Now."
Settld eliminates the wait — GPS-verified delivery triggers instant blockchain settlement.
Freight Carriers
Wait 30–90 days for payment after delivery. Float fuel, driver wages, and maintenance costs out of pocket for months.
Contractors
Chase invoices for months. Manage crews and materials on credit while clients delay payment through bureaucratic approval chains.
Gig Workers
Live paycheck to paycheck with no financial cushion. One platform dispute can freeze earnings for weeks.
Payment Disputes
Billions lost annually to disputed deliveries, incomplete work claims, and "we never received it" games. Settld ends it.
How Settld Works
Five steps. GPS-verified. Blockchain-guaranteed. Settlement in seconds.
Core Capabilities
GPS Geofenced Checkpoint Verification
Settld uses the Haversine distance formula to calculate precise GPS proximity at each checkpoint. When a carrier or contractor enters the geofenced zone — delivery dock, job site, inspection point — verification triggers automatically. No manual confirmation. No "I was there" disputes. Mathematics confirms presence.
Blockchain Escrow — Funds Locked Until Proof
Payment is locked in smart contract escrow the moment a job is created. Funds cannot be diverted, withheld, or disputed away. When GPS and photo proof confirm completion, the escrow releases automatically — no human approval needed, no accounts payable bottleneck, no net-90 terms. The contract executes itself.
Photo Proof with SHA-256 Hash + TRACE Integration
Every checkpoint requires photographic proof. The photo is SHA-256 hashed and anchored to Solana via TRACE — the same blockchain authentication that powers BITS TRACE and TRACE Shield. Every proof of completion is immutable, timestamped, and independently verifiable. Disputes collapse against this evidence.
Two Payment Modes — Instant and Streaming
Instant: Full payment releases on final delivery confirmation — perfect for freight and simple gig deliveries. Streaming: Milestone-based payment streams release as each checkpoint is verified — perfect for construction phases, multi-stop routes, and long-duration contracts. Choose the model that fits the work.
TRACE Integration — Every Proof Blockchain-Anchored
Settld is built on BITS' TRACE infrastructure. Every GPS checkpoint, every photo proof, every completion event is anchored to Solana mainnet via TRACE. This means Settld payments aren't just fast — they're audit-proof. Every transaction comes with an immutable, court-ready record of what was done, when, and by whom.
Built for the Working World
Settld is purpose-built for the industries that wait the longest to get paid.
Freight carriers stop floating fuel and driver costs for 90 days. Create a job with your route checkpoints — origin, weigh stations, delivery dock. GPS tracking activates when you roll. Streaming payments release at each verified checkpoint, so you're earning as you drive. Final delivery confirmation triggers the remainder. No factoring fees. No net-90. Just settlement.
Contractors stop chasing invoices between phases. Set up milestone-based escrow at contract signing — foundation, framing, rough-in, inspection, completion. Each milestone gets a GPS checkpoint and photo proof requirement. When your crew completes a phase and the photo proof is TRACE-anchored, payment releases automatically. No approval delays. No "the check is in the mail." The smart contract executes the moment you prove the work is done.
Gig workers and last-mile delivery drivers stop living on platform timelines. Every delivery is a GPS-verified, photo-confirmed event. Escrow funds are committed when the job is accepted — the platform can't freeze your earnings on a dispute. When you hit the delivery GPS zone and snap the proof photo, settlement is instant. No waiting for weekly payout cycles. No "account under review" holds. Your work, your money, now.
Why Settld Wins
Instant Settlement
GPS-verified delivery triggers payment in seconds — not days, weeks, or months
Escrow-Backed
Funds locked before work begins — no risk, no disputes, no "we'll pay you eventually"
GPS Verified
Haversine distance calculation — mathematical proof of delivery, not a promise
TRACE-Anchored
Every proof of completion is blockchain-anchored — immutable, court-ready record
2% Fee
Lowest settlement fee in the industry — no factoring, no net-30 discounts, no hidden costs
Get Settld First
Settld is in pre-launch. Early access waitlist members get priority onboarding, reduced settlement fees for the first 6 months, and direct input into the product roadmap. If you haul freight, run a crew, or do gig work — you belong on this list.
Join the Waitlist
Be first when Settld launches. Leave your email at bitsettld.com — we'll reach out with early access details.
Visit bitsettld.com →bitsettld.com — coming soon · No spam. No BS. Just settlement.
Protected under BITS Payment Solutions IP
George Mundin / Blockchain Integrative Technology Solutions (BITS)
GPS geofenced checkpoint verification, blockchain escrow settlement, and TRACE-anchored proof-of-completion for freight, construction, and gig economy payments.
Stop Waiting. Get Settld.
You did the work. The proof is on the blockchain. The money is in escrow. Settlement should take seconds — not months. That's what Settld delivers.
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