The biggest advantage is you do NOT need to trust the party you are getting into the agreement with. As long as the agreement can be configured in a smart contract the parties themself can not alter it.
This can be particularly useful where middle-men are paid to facilitate trust between 2 parties.
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"Smart Contracts". Heard this term many times but what is it exactly and how can it make the world a better place?
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Although most people think of blockchain technology in relation to cryptocurrencies such as Bitcoin, blockchain offers security that is useful in many other ways. In the simplest of terms, blockchain can be described as data you can only add to, not take away fr...
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