Solution

Solution

Faster, Secure transactions using smart contracts

Smart contract is a code that is stored, verified and executed on a blockchain system. Smart contracts can be used as a substitute to legal contracts to implement transaction’s validation in blockchain network while avoiding any middle man. In simple words, smart contracts work on the principle of "if X happens, do Y" without any human intervention. Using this technology, business transactions, anything from a vehicle or house rental, through to loyalty points distribution can be automated and made more secure and transparent.

Every retailer today pays a high cost to make sure the validity of the exchange of goods, money, and data. They must compensate third parties for their services and wait for each party to finish its work before receiving payment or a transaction confirmation. Blockchain-based secure transactions can reduce the need for such third parties.

Features

Features

Faster

Reduced time to complete and ensure transaction integrity as execution does not require human intervention.

Cheaper

Reduced cost required to complete and ensure transaction integrity as system require no middle man.

Secure

Prevents identity fraud by ensuring integrity between transaction participants.