From Contract to Smart Contract in Ethereum
A smart contract is a computer programme that automatically executes a contract between two parties. It might soon be used in place of safety locks, loan agreements and more, according to the author We live in a world of constant technological changes. Tim Berner-Lee’s World Wide Web (WWW) changed our
From robo-advisers to location-based alerts expect the UAE banking sector to make rapid strides in digital transformation this year
What if you could cut your mortgage rate, make it easier to update your will, and ensure that your buddy was never able to weasel out of paying up on a bet? That and much more is the promise of smart contracts, a technology that is getting closer and closer to reality thanks to cryptocurrency.
Smart contracts are computer programs that can automatically execute the terms of a contract. Someday, these programs may replace lawyers and banks for handling certain common financial transactions.