How smart contracts save thousands of hours and dollars
Smart contracts that arrived in 2014 amazed people with the new idea, according to which deals could be closed without human intermediaries, entrusting a machine with the control over the execution of agreed terms. We are standing on the verge of smart contract era; now they are used only for the exchange of cryptocurrency tokens. However, the situation may change in several years. Chances are high that security sales, document registration, and buying real estate with smart contracts will become possible!
This infographics uses simple terms to explain how smart contracts work and where we might face them in the nearest future.