Information has become one of the most valuable things nowadays. Some companies even pay millions of dollars to have access to data that can help them with sales and to plan better market strategies.Therefore it’s clear that we’ve been living in a world driven by data, and keep all of this data safe is a big concern. That is why Smart Contract Audit is a mandatory step before deploying the computer-based contract.
Before going through the audit itself, let’s take a look in what is a Smart Contract.
What is a Smart Contract?
Smart Contract is a computer-based protocol built in a blockchain network, created to facilitate, verify and enforce negotiations without the need for human intervention.
Its self-executing nature is extremely attractive because it has the power to automate process’ and contract performance. It also reduces paperwork and even simplifies the work of lawyers and accountants.