Smart contracts represent a paradigm shift in how business agreements are executed. These self-executing contracts with terms directly written into code are revolutionizing industries by automating processes, reducing costs, and increasing trust through transparency.
What Are Smart Contracts?
Smart contracts are programmable agreements that automatically execute when predefined conditions are met. Built on blockchain technology, they eliminate the need for intermediaries while ensuring security and immutability.
Industry Applications
From finance to real estate, smart contracts are finding applications across industries, automating complex processes and reducing transaction costs.
#Blockchain#Smart Contracts#Automation
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