What do you think about smart contracts?

HighbeamHighbeam Posts: 9subscriber Member
in Accounting and Financial Management
What do you think about smart contracts? Did you use them? Are you satisfied?
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  • DramaQueenDramaQueen Posts: 16subscriber Bronze Level Member
    Smart contracts aim to provide the element of trust, too. Yet, there’s a certain twist to them.
    They’re not stacks of paper filled with legal and hard to understand language. That takes an army of lawyers to figure out what these papers actually say. Smart contracts are the digital version of traditional agreements. They are programs whose sole purpose is to legally bind whoever is participating. Because smart contracts are computer programs, here are a few examples of what you don’t have to do:
    -waste money on hiring lawyers to represent you and fight your case
    -you don’t need to chase your realtor to release your funds when he sells your house
    -chase the other person for money when you hold your side of the bargain
    The good news is, the smart contract technology does it for you. Here is the link https://steelkiwi.com/blog/making-effective-use-of-smart-contracts/ This article can clarify some moments for you
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  • saravanansaravanan Posts: 389subscriber Silver Level Member
    Smart contracts are digital protocols created for validating conditions of a legal contract between two or more parties. 
    Copper Slag Manufacturer in India
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