establish mutual trust, create a feeling of confidence and belief between two or more people or groups., ensure data integrity, make sure that information is accurate and has not been changed or damaged., facilitate secure transactions, help make business deals or exchanges safe from theft or fraud., reduce transaction costs, lower the amount of money or effort needed to complete a business deal or exchange., enhance transparency levels, increase how clearly and openly information is shared and understood by everyone involved., eliminate third parties, remove extra people or groups who are not directly involved in a deal or agreement., verify digital signatures, check that an electronic mark or code is real and belongs to the right person., maintain decentralized ledger, keep a record of information that is shared and updated by many people instead of one central place., trigger automatic execution, cause a process to start and finish by itself without needing help from a person., enforce contractual obligations, make sure that the promises in a legal agreement are followed by all involved people or groups..
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Smart Contracts & Trust
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