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Smart contracts have succeeded the traditional contracts at an incredible pace, and very soon, they will completely replace conventional contracts. Moreover, it will improve transparency, maintain mutual satisfaction and assurance to the security of their digital assets.
Contract Farming or Outgrowing means procuring agriculture produce from multiple farm operators, especially smallholders, at a relatively fixed price range. Ensuring a consistent and quality supply of produce from farm operators is an uphill task. This demands a strong co-ordination between company, field executives and farm operators.
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This is all you need to know about smart contracts. Smart contracts play a major role in the crypto world. After blockchain, smart contracts are going to change how the crypto world, as well as other industries, function.
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‘Smart Contract’ is a code that runs on top of a Blockchain network including a set of rules where all partie scan interact with each other through a smart contract.
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Since XinFin was launched in the blockchain space in 2019, it has brought new decentralized applications. However, XinFin is attributed to the EVM compatible implementation of smart contracts.
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