Smart contracts are considered one of the most essential tools in blockchain as they enable the transfer of everything right from bitcoin to goods transported across the globe. Smart contracts essentially remove intermediaries from a business contract, thereby streamlining the contractual process.

If you’re on this page, chances are you’re curious about smart contracts and how they can be applied to your business. This blog will help you understand what are smart contracts, how they work, and how you can leverage them using the secure blockchain network to conduct contractual transactions with ease, all while reducing loss of time.

What Is a Smart Contract?

Smart contracts are business automated applications or lines of code which are self-executing and function on a decentralized network like blockchain. This code manages the executions of transactions that are irreversible and trackable.


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