Have worked with companies that set simple alarms to warn them of renewal dates and expiration of contracts. This takes it much further. Good simplified view.
What Are Smart Contracts? They Could Help Optimize Your Business Processes Should your business consider implementing smart contracts? Let's explore how complicated or automated the process involves. By Drew Hendricks in Inc.
Advances in technology continue to impact all areas of our society, including business. These advances will help solve everyday problems and help increase our efficiency. As Blockchain, or distributed ledger technology, becomes more popular, a new workflow automation technology was created - smart contracts.
Value proposition of Blockchain
In order to understand smart contracts, we first have to understand the value of Blockchain. It is infamous enough in itself for its inherent notoriety in the learning curve. Smart contracts can then make or break whatever one has learned in Blockchain.
The beauty, though, with this is that business transactions are now more transparent. Each involved user will then see the respective operations of each transaction, so that the latter becomes much more optimized. .... "
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