Block Chain enabled Smart Contracts
With a click of a button, AGRE+ is the only software on the market that can generate a paper contract and a corresponding Smart Contract to execute on the Ethereum Blockchain. When specific established requirements are met, a smart contract is a tamper-proof program that runs on a blockchain network.
On a blockchain network, smart contracts are computer programs that are housed and run. Each smart contract is made up of code that defines specified criteria that, when satisfied, result in certain actions. Smart contracts enable numerous parties to reach a common conclusion in an accurate, fast, and tamper-proof manner by operating on a decentralized blockchain rather than a centralized server.
Because they are not managed by a centralized administrator and are not subject to single points of attack by malevolent entities, smart contracts are an effective architecture for automation. Applications of smart contracts to multi-party digital agreements can decrease counterparty risk, and boost efficiency.