Smart Contracts

Self-executing contracts with the terms of the agreement written in code. These contracts are stored and executed on a blockchain platform.
The company is exploring the use of smart contracts to automate supply chain transactions.
While still a developing technology, smart contracts have been used in various applications, but there are no major court cases directly related to them yet.
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Frequently Asked Questions

Increased efficiency, transparency, and security in transactions; reduced reliance on intermediaries.

Code vulnerabilities, potential for errors, difficulty in modifying terms after deployment.

The legal framework for smart contracts is still evolving, and courts will likely play a role in resolving disputes arising from their use.

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