The Future of Contracts: Making it Easy with Smart Contracts
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- Location: India
Traditional contracts are changing in the digital age. Smart contracts, powered by blockchain technology, are making big changes. They use computer programs to manage agreements without middlemen. Their function independently and are transparent and secure.
Smart contracts are very useful because they are clear, save time and money, and work well. But they can be complex, unchangeable, lack human judgment, and have security issues.
Key Features:
1. The contract's rules written in computer language
2. Smart contracts live and work on the blockchain
3. They run on a decentralized network
4. Signatures are required to confirm identities
5. Information is stored on the blockchain.
I covered the complete topic read it on https://contentonweb.com/smart-contract-the-future-of-contracting-made-simple/
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