What are some real-world examples of smart contracts in use?
An example of an AI chatbot conversation about smart contracts in various industries.
What are some real-world examples of smart contracts in use?
Smart contracts are being used in various industries. For instance, in real estate, they automate property transactions.
Can you give me more examples in finance?
Sure! In finance, smart contracts facilitate automated trading and settlement processes, reducing the need for intermediaries.
What about their use in supply chain management?
In supply chain management, smart contracts track goods in real-time, ensuring transparency and reducing fraud.
Are there any legal implications of using smart contracts?
Yes, there are legal implications, such as enforceability and jurisdiction issues, which vary by region.
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