What are some practical use cases for smart contracts?
An example of an AI chatbot conversation about use cases for smart contracts.
What are some practical use cases for smart contracts?
Smart contracts can be used in various fields such as finance, real estate, supply chain, and healthcare.
Can you give me an example in real estate?
Sure! In real estate, smart contracts can automate the process of property transfers, ensuring that funds are released only when all conditions are met.
How do they work in supply chain management?
In supply chain management, smart contracts can track the movement of goods and automatically execute payments when goods are delivered.
Are there any legal implications I should be aware of?
Yes, legal implications can vary by jurisdiction, so it's important to consult legal experts when implementing smart contracts.
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