Smart Contract is a digital agreement between two or more parties in a network to perform the action if the specified conditions are satisfied. Bringing the smart contract into your business reaps you the following benefits!
Safe & Secure
The smart contract enables verifications, negotiations of the transactions within the network, hence you can be hassle-free from scammers.
Speed & Accuracy
The network of people who are dedicated to verifying the transactions is available in a smart contract platform, hence faster and accurate transactions.
Immutable & Transparent
As the smart contract is built in the blockchain network, the data is safe, transparent and immutable, which means it can’t be reverted back.
Cost-Efficient
Fiat transactions are verified by the intermediary banks and authorities thereby increasing inter charges. Smart contracts add this inter fees to your profits!