3 programs based on Ethereum and Tron smart contracts are available within FORSAGE
What is a smart contract?
A smart contract is a program or protocol on a blockchain network. This is a digital analogue of a written agreement, where all the conditions are stipulated, as well as special actions that will be automatically performed if the conditions are met.
The goals of smart contracts are to reduce the need for trusted intermediaries, arbitration and enforcement costs, etc.
Benefits:
Security and decentralization
Saving money
Automation
Fast execution speed
Flexibility and customization
On January 1, 2020 there were 959,156 smart contracts on ETH network. Today there're more than 2 million of them. And this is only on ETH.
Big companies are actively working on the implementation of blockchain and smart contracts in security, logistics, etc. Among them: IBM, Walmart, UPS..
If you are interested how FORSAGE uses smart contracts, then be sure to read the article from CryptoA
