Blockchain By Example

LC closure

This will be the final step in the LC process, where the buyer receives the goods and the seller receives the payment. Therefore, we define a closing transaction referencing the targeted LC and the reason behind the closure:

transaction Close {  --> LetterOfCredit lc  o String closeReason}event CloseEvent {  --> LetterOfCredit lc  o String closeReason}

The letter status is set to CLOSED, and the step to 10:

/** * Close the LOC * @param {org.example.lc.Close} close - the Close transaction * @transaction */async function close(closeRequest) { // eslint-disable-line no-unused-vars    const factory = getFactory();    const namespace = 'org.example.lc';    let letter = closeRequest.lc;    if (letter.status === 'SELL_RECEIVED_PAYMENT') { letter.status ...