How does Blockchain technology work in smart contracts?
Blockchain technology work in smart contracts:
Lawyer answer:
In general terms, when referring to Smart contracts or intelligent contracts , it is necessary to mention the Blockchain , which is a technology that, among other things, allows establishing decentralized and secure mechanisms that give confidence to the parties to a contract. , so that when a contract is created based on this technology, the automated execution of the contract is facilitated and therefore its fulfillment is guaranteed quickly, by establishing contractual conditions in systems that are supported by Blockchainand that allow there to be security regarding the parties and the non-modification of what was agreed, Bridge Smart Contract Development Services so that once the system verifies compliance with what is established, it will proceed to autonomously execute what is indicated in the smart contract.
