Blockchain Archive

What Are Smart Contracts on the Blockchain?

We have talked about digital cash in the early days and here we are slowly the digital assets like bitcoins, ether and other cryptocurrencies are slowly becoming mainstream digital cash! Similarly, smart contracts are the digital versions of traditional contracts! They are the backbone of Ethereum and other reputed blockchains. Origin of Smart Contracts The

What is Blockchain Consensus Algorithm?

The main benefit of blockchain technology, as we are all aware, is that it is decentralized. Usually, in a centralized space, authority is in charge of setting the regulations. But how do they come to a consensus in a decentralized setting? This is where the Blockchain consensus algorithm comes into play! What is Consensus Algorithm? A

7 Advantages of Using Smart Contracts!

Smart contracts are computer-coded protocols that execute automatically when the predetermined conditions are met. They help us to verify, manage, or carry out agreements. Blockchain technology, which powers smart contracts, processes every transaction in a contract, eliminating the need for middlemen to carry out the transactions. Here is a list of 7 major advantages of

How can blockchain be used in supply chain management?

There are a number of potential uses for blockchain technology within businesses. One of the most complex areas where blockchain could be used is in supply chain management. Blockchain could be used to track the movement of goods throughout the supply chain, from manufacturing through to delivery. This blog gives insights into how blockchain plays

Benefits Of Smart Contracts

Smart contracts are digital contracts between multiple parties who want to come to a deal or contract. Smart contracts, though they are in their infancy, it is estimated that they can disrupt the way we sign agreements and deals within a span of 3 years. So, let’s gear up and get an insight about what

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