Smart Contract
An automatic, self-executing contract where the contracts terms and conditions are stored on the blockchain
Smart Contract Advantages
Autonomy
Smart contracts do not need brokers or other intermediaries to confirm the agreement; thus, they eliminate the risk of manipulation by third parties
Security
Smart contracts are encrypted, and cryptography keeps all the documents safe from infiltration.
Speed
Smart contracts automate tasks by using computer protocols, saving hours of various business processes.
Transparency
Transparency provides users with trust as the data and information relating to the contract is available to them throughout the life of the contract, as transactions are duplicated all parties involved have a record.
Savings
Smart contracts eliminate the use of intermediaries. By not having to rely on a third party to verify the terms of the contract and provide the necessary confidence, the associated costs are reduced. Intermediary fees disappear in this type of contract.
Digital Agreements of the Future
Smart Contracts are the agreements of the future. No matter what industry you’re in a smart contract can help you. For business or personal use we’ll build a smart contract for you!