Post
Topic
Board Announcements (Altcoins)
Re: [ANN] [ELI] Eligma | AI-driven & blockchain-based cognitive commerce platform
by
zigaT
on 09/03/2018, 10:45:31 UTC
How are you going to connect merchants with blockchain? Does it help you to secure transactions / relations between each party?

i think what they are trying to achieve with blockchain is use of smart contracts. So it would be basically removing central body. It's more easier for merchants to interact with audience in all-purpose ecosystem and of course it's highly secured because of decentralization.
Ok, I see that blockchain is for getting rid of intermediaries, but what is the smart contracts? I am just new to crypto market and still don't know a lot, so I will be much appreciated if someone will explain me a few things.

The Smart Contract will mainly be used to secure the transactions between the buyer and the seller. Eligma will offer decentralized item sale on blockchain where with the use of smart contract, the trade will be securely completed.