Legal Tech

Blockchain Beyond Bitcoin: Smart Contracts and Use Cases Smart contracts are self‑executing agreements written as code and stored on a blockchain. They run exactly as programmed when predefined conditions are met. This automation reduces the need for middlemen and lowers the risk of human error. Because they live on a shared ledger, smart contracts offer transparency and tamper resistance. Parties can verify terms, watch the execution, and trust that outcomes follow the code. Yet they are not magic; they require thoughtful design, testing, and security checks. A small bug can lead to lost funds, so developers use test networks and audits. ...

Blockchain Beyond Crypto: Smart Contracts and Use Cases Smart contracts are small programs that run on a blockchain. They store rules in code and act when specific conditions are met. They remove much of the need for manual checks, speeding up processes and reducing errors. Because they live on a shared ledger, the results are transparent and hard to change. The contract code defines what should happen, and the network validates it. This helps parties trust the outcome even if they do not know or fully trust each other. ...