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Blockchain enabled smart contracts as a solution for distributed teams working on a technical project

  • Posted by admin on April 4, 2018

  INTRODUCTION Blockchain innovation and the Internet of Things (IoT) will be intertwined as numerous blockchain platforms are created concentrated on facilitating IoT interoperability. Smart contracts are a foundation of future development opportunities in IoT.   What’s a Smart Contract? A Smart contract functions much like an agreement in the physical world, yet it is established by software that is immutable and resides on an encrypted distributed ledger. More particularly, a smart contract stores rules for arranging the terms of an understanding, consequently confirms satisfaction, and after that executes the concurred terms. A smart contract eliminates dependence on human action

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