International Journal For Multidisciplinary Research

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Smart Contracts: Need of the hour

Author(s) Suman Nasa, Shubhangi Nasa
Country India
Abstract Smart contracts are essentially programs that are kept on a block chain and implemented when certain predetermined conditions are satisfied. Generally they are utilized to auromate the execution of a contract so that the involved parties can understand the outcome instantly, without the requirements of an intermediary or time loss. Moreover they can even automate a work flow by initiating the subsequent actions when certain criteria are met.
Keywords automate, block chain, contract, intermediary, work-flow
Field Mathematics > Economy / Commerce
Published In Volume 5, Issue 3, May-June 2023
Published On 2023-05-11
Cite This Smart Contracts: Need of the hour - Suman Nasa, Shubhangi Nasa - IJFMR Volume 5, Issue 3, May-June 2023.
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E-ISSN 2582-2160
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