Smart Contracts – Creation Process

Smart contracts are said to revolutionize the whole contracting process. Smart contracts are self-enforcing, certified by majority of actors on that particular Blockchain (which may be private or public). The only way to execute such contracts is the programmed way. The concept eliminates the need of any enforcing agency including courts, law etc. Currently Ethereum supports the smart contract creation process which follows following logical sequencing (use case)

Through category management approach, these parameters would further be evaluated across various elements to arrive at the fact if category manager is ensuring that goods and services are

Two key takeaways from the above process of contract creation are immutability and transparency. Which means that all the time, all the transactions happening on a particular Blockchain are completely transparent and verifiable

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