IT News - Blockchain

What's A Smart Contract (And How Does It Work)?
Computerworld, July 31st, 2019
Smart contracts are potentially one of the most useful tools associated with blockchain, and they can enable the transfer of everything from bitcoin and fiat currency to goods transported around the world

"Here's what they do and why they're likely to gain traction," writes Lucas Mearian in Computerworld. "Smart contracts are self-executing, business automation applications that run on a decentralized network such as blockchain.

And because they're able to remove administrative overhead, smart contracts are one of most attractive features associated with blockchain technology. While blockchain acts as a database, confirming that transactions have taken place, smart contracts execute pre-determined conditions; think about a smart contract as a computer executing on "if/then," or conditional, programming..."

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