A smart contract is a blockchain-based application that facilitates the execution and verification of an agreement. Once the terms and conditions of the agreement are met, it will take care of the settlement. The entire idea behind the concept of a smart contract is to automate the process of pre-determined actions for a hassle-free experience.
Why do businesses need to adopt Blockchain Technology?
According to the reports, the market is expected to value at $23.3 billion by the year 2023. The growth rate for the period is estimated to be 80.9% CAGR. In another report, Blockchain is estimated to generate $3.1 trillion in new business value by 2030. In every aspect, Blockchain appears to have a bright future.
Why Blockchain Technology is the future?
Blockchain is not just the new kid on the block (pun intended) anymore; it has well and truly captured the global market with a reach that is unparalleled. Up until a few years ago, most of us would think of blockchain as some gym equipment used for triceps. Little did we know that it will ...
