Smart contracts represent one of the most significant transformations in blockchain technology, fundamentally changing how we perceive digital agreements and trust.
The Origins and History of Smart Contracts
The concept of smart contracts was first proposed by Nick Szabo in 1994, only finding practical implementation with Ethereum's launch in 2015.
How Smart Contracts Work
Smart contracts are programs stored on a blockchain that automatically execute when predetermined conditions are met, operating with complete transparency and immutability.
Applying Smart Contracts Across Industries
Smart contracts are transforming financial services, legal and administrative areas, digital identity management, and supply chain management, offering process automation and transparency.
Smart contracts represent a paradigm shift in digital transactions and agreement management. Despite current challenges, the technology continues to evolve, shaping the future of digital interactions and business operations.
