Interested in Creating a Digital Contract?

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The Blockchain-based Smart contracts that will
end paperwork for good
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Blockchain based Smart Contracts

• Have you ever felt bogged down by crypto jargons
  like smart contract or consensus mechanism?
• If your answer is a yes then dont panic,
  youre not alone. Many folks right from laymen to
  financial wizards keep updating themselves about
  such crypto news either through blogs, books or
  other sources.
• Smart contract has created a digital exodus in
  the crypto world because of its immutable and
  decentralised nature.

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How Smart Contracts are Unique?

• Smart Contracts are similar to the existing
  contracts with an exception that they are
  digital. To be precise, it is a self-executing
  computer program stored in a blockchain.
• It is a general agreement between buyers and
  sellers written in a digital code, most
  preferably, Solidity.
• Nick Szabo invented these immutable contracts in
  1998, exactly ten years before Satoshi's
  invention.
• He is rumoured to be the mysterious bitcoin
  founder Satoshi Nakamoto.  

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How Smart Contracts are Unique?

• Hope you might have heard the moral of two cats
  and one monkey story - When two parties involved
  in an agreement or conflict, the third party
  always gets the profit.
• The unique nature of smart contract, that
  separates it from other contracts, is its
  elimination of third party(middleman business).
• Unlike regular contracts, you dont need a third
  party. It has been programmed in such a way that
  the buyers and sellers can initiate transaction
  once the conditions are met.

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How Smart Contracts are Unique?

• For instance, imagine youre raising funds for
  your product using a smart contract. If your
  project got fully funded and met the criteria,
  the money(fund) will be automatically moved to
  your side.
• And the other way around, if your project fails
  to meet the programmed goals, money will be
  automatically transferred to the supporters. This
  is how a smart contract works!

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Smart Contracts Advantages

• Accuracy - Automated contracts are accurate, and
  they avoid manual errors that may result in
  heaping up of piles of paperwork.
• Lesser human interaction - Automated transactions
  by their very nature are cheaper, faster and
  efficient.
• Speed -In stock trading business, the settlement
  process can take up to three days.  With smart
  contracts, funds can be exchanged quickly and
  securely.

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Smart Contracts Advantages

• Immutable - Smart contracts are tamper proof as
  they are built on a distributed platform called
  blockchain. Tampering with them is impossible
  since hacking is a herculean task.
• Autonomy - Since an individual makes the
  contract, there is no need to trust the third
  party or to rely on a lawyer or broker.

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Interested in Creating a Digital Contract?

• Every industry is trying to adopt this fad in
  their future operations such as Banking, Finance,
  Insurance, Healthcare, Logistics and other
  sectors.
• Learn more about the smart contract and its
  development from one of the esteemed and pioneer
  company in the field, Blockchain App Factory.
• With their seamless smart contract development
  services, you can quickly enter the digital world
  of contracts!

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Touch with Blockchain App Factory
Mail info_at_blockchainappfactory.com Web
https//www.blockchainappfactory.com/smart-contrac
t-development Mobile [phone]