Video: Blockchain Smart Contracts – International Blockchain Real Estate Assn. Conference


“The aim of a smart contract is to reduce the human factor in transaction processing and verification. A software protocol automates and self-executes an action when certain conditions are met. The automation and self-sufficiency can significantly cut the costs and diminish the risks for businesses and individuals. The cost-efficiency comes from the reduction of overhead necessary to initiate, execute and enforce contracts.”

LEAVE A COMMENT