manaliKnowledge Contributor
What is the significance of smart contracts in blockchain technology?
What is the significance of smart contracts in blockchain technology?
Sign Up to our social questions and Answers Engine to ask questions, answer people’s questions, and connect with other people.
Login to our social questions & Answers Engine to ask questions answer people’s questions & connect with other people.
Lost your password? Please enter your email address. You will receive a link and will create a new password via email.
Please briefly explain why you feel this question should be reported.
Please briefly explain why you feel this answer should be reported.
Please briefly explain why you feel this user should be reported.
Questions | Answers | Discussions | Knowledge sharing | Communities & more.
Smart contracts are self-executing contracts with the terms of the agreement directly written into code. They automate and enforce agreements without the need for intermediaries, reducing costs and improving transaction speed. This technology is particularly significant in finance, real estate, and supply chain management.