It is an informatic code with the purpose of verify and force to the automatic fulfillment of a contract. It is still being debated if it is necessary or not to go to external agents for its execution (as Pay Pal, for instance), but what is certain is that this kind of contract will be a revolution in the world of business. These contracts work in a chain of blocks and, in principle, don’t need people involved who verify and execute its compliance. The system itself proofs that the condition occurs and executes the contract (for example, the payment). Currently, the most prominent Smart contracts network platform is Ethereum.

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