The Rise Of Smart Contracts Using Blockchain

Blockchain is now being increasingly used to explore the automation of contracts. Smart contracts are essentially lines of computer script, which describe a particular scenario. Once the scenario becomes reality, the terms of the relevant contract are automatically and immediately implemented by Blockchain. In this way, for example, insurance companies can tailor certain forms of micro-insurance contracts to the specific needs of the customer.

The evolution in interfaces is remarkable, and will continue. The speed, personalisation and user-friendliness of customer transactions will be taken to new and previously unseen levels of excellence.

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