Exposed: Blockchain and Smart contract, why you should invest in them
Blockchain and Smart contract, blockchain definition, smart contract meaning, can smart contracts run without blockchain?
Do you remember the last time you needed a loan from a bank or any other financial institution? I guess they didn’t give you the money on a platter of gold. You were probably asked to present a guarantor.
Why?
It is so because, in case you disappear without repaying the loan. Your guarantor will be held responsible. Now let's liken this scenario to smart contracts and Blockchain technology. With these technologies, you needn't have a third party to stand in for you. During a crucial financial transaction.
Tighten your seatbelt, as I will walk you through real life application of smart contracts and blockchain.
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