Blockchain and Smart Contracts for Business
Blockchain and Smart Contracts for Business Blockchain technology offers a transparent and tamper-resistant way to record important business events. When paired with smart contracts, routine tasks can run automatically without manual handoffs. In practice, this means that a contract can trigger actions, update statuses, and log approvals all on a shared ledger. There are two common flavors: public blockchains open to anyone and permissioned networks used inside a company or with trusted partners. For most businesses, permissioned blockchains balance privacy, speed, and control. Smart contracts are small programs stored on the network; they execute when conditions are met, and their results are visible to all participants. ...