Smart Contracts: Automation Power on the Blockchain – [Infographic]

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The blockchain technology is been hailed as revolutionary future technological advancement since the internet itself. Diverse industries are just waking up to the endless potential blockchain promises, especially in carrying out transparent transactions.

In focus, is the technology called “smart contracts” which is the blockchain enabler- they are digital computer protocols programmed to validate the conditions of a legal contract between businesses.

Etherparty introduces the concept of “smart contracts” and explains its significance in the below infographic.

 

Courtesy of: Visual Capitalist
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