Smart Contracts Save Time, Energy and Money of Contractors
The Smart Contract development company writes Blockchain programs as per your business needs. Smart contracts define terms and conditions, digitally on Blockchain between two parties. Public Blockchain Ethereum is most popular for smart contracts. Though, the public Blockchain like Bitcoin also can be used for smart contracts. Before the concept of smart contracts, business people were making paper based contracts in which all the terms and conditions kept mentioned. This manual process requires a lot of human energy and is with full of hassles.
For example, if you draw up a smart contract for website design, you may run into trouble. Who decides when the design work meets the client’s needs? Compare this to, say, a shipping contract. The smart contract can take into consideration weights, arrival times, fees for tolls, temperature and weather information, and a wealth of other relevant data.