Let us talk a little bit about this.

Thus, a smart contract is an electronic algorithm or a condition under which the parties can exchange money, shares and other assets. To implement a smart contract you need to have a decentralized network where all participants have equal rights.

How it works – let's explain by example.

Have you already bought the property?

If so, you probably know that it is necessary to apply to the notary to make a deal, and it is always an additional cost for the buyer. Smart contracts allow you to get rid of intermediaries (banks, lawyers, notaries, etc.), because they independently verify the terms of the transaction and confirm it.

The asset or currency is transferred to the program. After that, it begins to monitor the implementation of the contract. Once the conditions are considered fulfilled, the parties exchange assets. The seller receives a fixed amount and the buyer passes the goods. In other words, everything happens automatically.

It is the Ethereum smart contracts in our project that guarantees transparent operation, security of transactions in the B2C, C2C and B2B segments. This allows us to exclude the possibility of a human factor, and hence any deception.

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