More From Prashant Shah
Smart contracts are automated contracts with pre-established terms and with the spread of blockchain understanding the process is really important
Ever wondered if an entire corporation can be run on the blockchain without human intervention?
A smart contract design, at the very least, is nothing but a set of structured codes that enforce obligations
Supply Chain Management
A typical supply chain process constitutes the processing of the flow of trade document using the Blockchain as the underlying database layer
Blockchain is an immutable and virtually infinite log and a majority of legal procedures will be supplemented with blockchain in obviating most evidentiary issues
To be effective, blockchain and smart contracts require certain standards, or more plainly, a set of common rules by which all participants operate, in order to ensure accuracy and trustworthiness