Blockchain Smart Contract Development
The blockchain is a decentralized ledger that records digital transactions. It’s like a huge accounting book where transactions between two parties are recorded. The blockchain is shared among many users and it can only be updated by consensus of the network members. Because there’s no central authority (like a bank), blockchain technology has gained popularity as an alternative way to do business.
Smart contracts are self-executed with no need for human intervention.
Smart contracts are self-executed with no need for human intervention. They are software code that can be executed on a blockchain, where they automatically implement their terms when certain conditions are met.
Smart contracts are used to facilitate, verify and enforce many types of contractual clauses. For example:
- Escrow services — A third party holds funds in escrow until both parties agree it’s appropriate to release them (e.g., after delivery). This reduces the risk that either party will