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added use cases for smart contracts (#33018)

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added use cases for smart contracts
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Wister
2018-10-31 19:09:56 -04:00
committed by Paul Happ
parent 97920cca8e
commit 347882117a
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guide/english/blockchain/smart-contracts/index.md
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@@ -11,6 +11,9 @@ As a piece of code that sits on the blockchain, a smart contract can automate ta
When an account receives money it can automatically distribute it to others. When an account receives money it can automatically distribute it to others.
This is entirely transparent so all the nodes(miners) can see what logic is being executed. This is entirely transparent so all the nodes(miners) can see what logic is being executed.
## Applications of Smart Contacts
Smart Contracts allows the transfer of goods and services without the need for a independent third part. Logic and rules are built into the smart contract that define the permissions and processes associated with a particular agreement and enforce the obligations attached to it. This provides an opportunity to remove middlemen that are traditionally required to interact with physical property or financial service instruments.
## Blockchain Technologies ## Blockchain Technologies