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Smart Contract
Smart contracts are simply programs stored on a blockchain that run when predetermined conditions are met. They typically are used to automate the execution of an agreement so that all participants can be immediately certain of the outcome, without any intermediary’s involvement or time loss. Benefits of smart contracts include:
- Speed and accuracy
- Trust and transparency
- Security
- Savings
- Smart contract architecture
- Smart contract design and development
- Smart contract audit
- Smart contract optimization