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What Does A Smart Contract Do?


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Smart contracts are computer codes that are stored on the blockchain and will be executed automatically when certain criteria are met. The primary purpose is to simplify the business between 2 anonymous parties without the need for the third party. Once the transaction is complete, block chain gets updated. Smart contract are interlinked so that they cannot be easily changed which project the confidentiality of the data. Smart contracts reduce the time by automating the tasks so that clients can work on other prioritized jobs. Partnering smart contracts development company into your business will result in the improvement of workflow.

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