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Nadcab labs unites customers, companies, and creators on a single network to improve the quality of e-commerce buying. The knowledge network provides a number of products where users can find product prices, reviews, creator offers, and discount codes. Nadcab Labs keeps a current and reliable database by gathering information from producers, retailers, goods, blockchains, and digital assets.
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PRESENTED BY NADCB LABS SMART CONTRACT THE NEW ERA OF BUSINESSES WWW.NADCAB.COM
INTRODUCTION A smart contract is a computer program that automatically controls the transfer of digital assets between parties under certain conditions. Smart contracts are stored on a blockchain and run when predetermined conditions are met. They are used to automate the execution of an agreement so that all participants can be immediately certain of the outcome. www.nadcab.com
STEP’S OF SMART CONTRACT STEP 4. STEP 3. STEP 2. STEP 1. verification that the criteria are fulfilled execution of value transfer establishment of smart contract agreement amongst the parties,
ARTIFICIAL INTELLIGENCE IN SMART CONTRACT smart contracts are both disruptive technologies that can transform industries and create new opportunities for innovation. By combining these two technologies, businesses can create solutions that leverage the strengths of both.. www.nadcab.com
01. Blockchain Technology: About A smart contract is essentially a computer program or piece of code that defines the terms and conditions of an agreement. 02. Security: Security is paramount in smart contracts. Vulnerabilities in the code can lead to exploits Smart contracts typically operate on a blockchain, a distributed ledger technology that records transactions across a network of computers. Once the conditions encoded in the smart contract are met, the terms of the agreement are automatically enforced. This automation reduces the need for intermediaries, thereby streamlining processes and potentially reducing costs. Ethereum, one of the popular blockchain platforms, is known for its support of smart contracts. 03. Transparency: The code of a smart contract is publicly viewable on the blockchain, making the contract terms transparent and immutable. www.nadcab.com
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