CFOs and finance departments are always looking for reductions in cost and increases in speed and efficiency in business engagements. One option that’s attracting more attention is the smart contract.

Imagine a world where contracts enforce themselves independently of an intermediary. No extensive, time-wasting paperwork, no waiting time for signing, and no potential tampering—just pure automation ...

Some self-executing contracts with the regard to their terms, are written into a code. These contracts are executed as predetermined conditions arise, without any human intervention. Smart contracts ...

Bitcoin was invented to replace banks, but underlying technology - blockchain – proved it could replace almost any intermediary. It did not stop there; now that we had digital money, we could do ...

Smart contracts are programs written on the blockchain that self-execute when certain conditions are met. They use code to define and enforce the rules of the contract. Once a smart contract is ...

Like it or not, we seem to be stuck with the term “smart contract.” The technology, which can be used to automate transactions on a blockchain, is still so new that no one really agrees on its ...

You have probably heard that blockchain technology and "smart contracts" are going to revolutionize our lives. But there’s a problem: before smart contracts can do anything really useful, they need a ...

SHORT ANSWER: Smart contracts are digital agreements programmed and stored on blockchains that automatically execute when conditions are met. Smart contracts eliminate the need for centralized ...