3 Smart Contract Use Cases

A “smart contract” is a program that runs on a blockchain.

Smart contracts allow traditional contracts to be converted into digital parallels.

Learn more about Smart Contracts here:

What are some uses for Smart Contracts?

Any system that requires the following:

• Public Record

• Visible Terms

• Immutability

• Transparency

Here are some examples:

1. Supply Chain Management

Supply Chains are the backbone of manufacturing, it is how companies track components used to produce products.

An end-to-end supply chain could operate autonomously using specifically designed smart contracts.

This would require no daily management or auditing. And any deliveries received outside the schedule could trigger pre-agreed measures to ensure smooth operation laid out in the smart contract.