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Smart contracts: functions and application

Journal: Business Education in the Knowledge Economy (Vol.4, No. 2)

Publication Date:

Authors : ;

Page : 54-56

Keywords : smart contract; blockchain; cryptocurrency; information technologies;

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Abstract

Nowadays in modern business world information technologies play a huge role because almost each process as accounting and elements of production becomes automated. The combination of blockchain and transaction process optimization leads to emergence of smart contracts. The article is devoted to idea of smart contracts, the technology and its elements, sphere of application and the main advantages and disadvantages. In the end there is the conclusion of relevance and future perspectives of smart contracts.

Last modified: 2018-05-21 21:45:31