Proof of Trust

1. Ensure Risk-Free Transactions With Smart Contracts Smart contracts are just like business contracts where parties make promises digitally. The parties need to complete the tasks and initiate a transaction digitally. It is important for businesses and customers to know how smart contracts work effectively and securely. The smart contracts are hosted on a blockchain technology that makes it completely secured and safe from manipulations and fraud. The blockchain technology automatically keeps a track of terms and conditions mentioned in the smart contracts to minimize the risk of business transactions. The useful application of smart contracts Management functions - The use of blockchain ledger in daily operations leads to effective communication and accurate workflow system with the parties and businesses. It reduces discrepancies in workflow, if happen can lead to expensive law suits. Supply chain– Smart contracts are very useful for successful supply chain management between businesses and customers. Smart contracts are designed to provide effective arbitration and dispute resolution services for parties involved. Government – The application of smart contracts in government activities creates a more secured and risk free system. With such digital contracts, ledger protected votes can be casted by the voters online. Healthcare– In healthcare services, smart contracts lead to high transparency by storing personal health records and receipts on blockchain that can be automatically sent to the insurance companies. Real Estate- Real estate industry participants such as brokers, money lenders, real estate agents, buyers and sellers can benefit from secured smart contracts. The buyers can pay via bitcoin and encode the sale contract on the ledger. If you want to get more information follow our website. This Document Provided By : theproofoftrust.com