A blockchain-powered app can significantly improve a business’ capability to honor contracts owing to security features and smart contracts. Using decentralized and distributed ledgers, any organization in finance, healthcare and security industry can improve security measures and scale operations. Smart contracts have the power to disrupt a number of industries. Let’s see how and where blockchain can be used and how it can be implemented in mobile apps/business processes.
Various cryptocurrencies have implement Smart contracts as they provides superior security in comparison to the traditional contract law. This also helps to reduce other transaction costs associated with contracting.
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