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Smart Contracts: Benefits and Use Cases

[fa icon="calendar'] 27-Oct-2016 11:21:46 / by Kunal D. Jethwani posted in Smart Contracts, Blockchain

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What are Smart Contracts?

Almost all prominent blockchain platforms now extend their capabilities in the form of smart contracts. A general definition of a smart contract  is a computer programme that can automatically execute the terms of a contract. They extend the utility of blockchains from simply keeping a record of financial transaction entries to automatically implementing terms of multiparty agreements.

 

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