More businesses are using automated “smart contracts” to handle transactions. Based on blockchain technology, these contracts execute automatically and are lauded as a way to efficiently digitize ...

As the world rapidly changes, businesses need to find ways to adapt in order to stay ahead. As a part of this adaptation, I think smart contracts are one of the most transformative technologies in ...

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 ...

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Erika Rasure is globally-recognized as a ...

Advances in technology continue to impact all areas of our society, including business. These advances will help solve everyday problems and help increase our efficiency. As Blockchain, or distributed ...

The concept of smart contracts can be identified as one of the most useful innovations spawned by the development of the concept of a blockchain. Though blockchain can be well linked to the ...

Smart contracts’ value proposition is well-founded, as we discussed in our previous blog post Exploring the Disruptive Potential of Smart Contracts. They bring programmability to a value transfer ...

Bitcoin’s capacity is limited. Meanwhile, smart contracts can be resource intensive. So even though Bitcoin has always supported basic smart contract functionality, the two have never been a natural ...