How are the contents of the smart contracts secured from being manipulated?
The transparency of events along the supply chain via the Blockchain is itself a major enabler of faster payments and
improved financing, increased efficiency, reduced risk of fraud, and lower costs.
It looks like Smart contract needs a lot of money for its infrastructure, computers, and good programmers to deploy.
That's right, but the benefits here are addressed to the consumer. The process of contract execution is automatic. At the same time, you are the creator of the contract, no longer dependent on brokers, lawyers or anyone else. As such, it also eliminates the risk from third parties.
Obviously, consumers benefit from the Smart Contract
- Automate the contract implementation process.
- No misplaced information and documents.
- Security is guaranteed by Blockchain.
- Save time for unnecessary steps.
- Avoid common mistakes when writing papers.