CFOs and finance departments are always looking for reductions in cost and increases in speed and efficiency in business engagements. One option that’s attracting more attention is the smart contract.

Investopedia contributors come from a range of backgrounds, and over 25 years there have been thousands of expert writers and editors who have contributed. Erika Rasure is globally-recognized as a ...

In the fast- paced, ever- changing period of digital tech, smart contracts have become a potent invention, particularly within the environment of blockchain and cryptocurrencies. But to numerous, the ...

Some self-executing contracts with the regard to their terms, are written into a code. These contracts are executed as predetermined conditions arise, without any human intervention. Smart contracts ...

Bitcoin was invented to replace banks, but underlying technology - blockchain – proved it could replace almost any intermediary. It did not stop there; now that we had digital money, we could do ...

You have probably heard that blockchain technology and "smart contracts" are going to revolutionize our lives. But there’s a problem: before smart contracts can do anything really useful, they need a ...

More businesses are using automated “smart contracts” to handle transactions. Based on blockchain technology, these contracts execute automatically and are lauded as a way to efficiently digitize ...