Information has become one of the most valuable things nowadays.
Some companies even pay millions of dollars to have access to data that can help them with sales and to plan better market strategies.Therefore it’s clear that we’ve been living in a world driven by data, and keep all of this data safe is a big concern.
Smart Contract is a computer-based protocol built in a blockchain network, created to facilitate, verify and enforce negotiations without the need for human intervention.
Its self-executing nature is extremely attractive because it has the power to automate process’ and contract performance.
Before Ethereum, the existing distributed-ledger networks were limited to a few operations, making harder to come up with blockchain solutions.
Now, the digital protocol is on a rise and it is being used for different types of industries and situations, from secure financial transactions to even automate rent settlements.