Pros and Cons of Smart Contracts in the Logistic Industry
Pros and Cons of Smart Contracts in the Logistic Industry
One definition of a smart contract describes it as “a piece of computer code that consists of a preprogrammed set of instructions and that stores the terms of the agreement of a contract between two (or more) parties and executes those terms automatically when certain pre-specified conditions have been met.” It can digitally validate and execute a contract without needing aid from a third party…
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