Blockchain technology serves as the foundation for smart contracts and cryptocurrencies. These are new age mediums for conducting secure, low cost, reliable, and tamperproof cross-border transactions.
Market Research Future experts predict that smart-contracts market may notice a compound annual growth of 23 percent by 2023.
Smart contracts control the transfer of digital assets or currencies between buyers and sellers. The advantage of a smart contract is that it automates the verification of the terms of an agreement and execute transactions.
Conventional business agreements require a lawyer and a broker to monitor and complete a transaction. Lawyers and brokers are the middlemen who oversee agreements including payments, delivery scheduling, invoicing, and meeting terms and conditions. They usually charge a significant amount to execute contracts.
Would you like to explore the benefits of implementing smart contracts to improve your business processes? We are an India basedthat has a team of blockchain experts who develop solutions using Stellar, Ethereum, NEM and other blockchain technologies. We enable businesses to implement the latest technologies to thrive in a competitive environment. Our smart contract solutions facilitate coordination between different departments to meet the organization’s emerging challenges. The aim of our is to improve customer loyalty and build long-term relationships. Contact us today for more details!
Read the full blog here: