The Merits of Implementing Smart Contracts for Your Business
Posted by Indrajeet on May 27th, 2019
Blockchain technology serves as the foundation for smart contracts and cryptocurrencies. These are new age mediums for conducting secure, low cost, reliable, and tamperproof cross-border transactions.
Market Research Future experts predict that smart-contracts market may notice a compound annual growth of 23 percent by 2023.
Smart contracts control the transfer of digital assets or currencies between buyers and sellers. The advantage of a smart contract is that it automates the verification of the terms of an agreement and execute transactions.
Conventional business agreements require a lawyer and a broker to monitor and complete a transaction. Lawyers and brokers are the middlemen who oversee agreements including payments, delivery scheduling, invoicing, and meeting terms and conditions. They usually charge a significant amount to execute contracts.
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Read the full blog here: Implementing Smart Contracts for Your Business
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About the AuthorIndrajeet
Joined: April 10th, 2019
Articles Posted: 74
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