Smart contracts are the digital versions of regular contracts. They are formed only through an arrangement of the involved parties. They cannot be modified or manipulated. Smart contracts operate with predetermined commands.
They decrease the costs involved in writing up contracts and do it with the least human intervention possible. Smart contracts perform the same duties as traditional contracts but are faster, cost-effective and highly reliable. Businesses employing smart contracts can run with the least amount of human engagement. Get in touch with Blockchain App Factory for the best smart contract development services.