Self-enforcing agreement and its use-cases
In recent days, one of the biggest challenges that many organizations have faced is a lack of trust while they engage with other organizations. Due to the trust issue and lack of transparency, businesses act cautiously and spend a significant amount of time & money on intermediaries while finalizing the agreements. Smart contract development services So to automate the process and reduce intermediaries, smart contract development services came into play. Smart contracts build trust and transparency between two parties by using blockchain technology. They create immutable and easy access to data. It is simply a computer code that runs on top of blockchain technology and enables secure value exchange. To be precise, Smart contracts can remove the need for a mediator when two parties want to exchange valuable digital or physical assets. Why are smart contracts important? Cost-effective Time-saving Secure Accurate Now let us understand ...