Sunday, May 13, 2018

Smart Contracts: The Best Way to Make a Deal

People make agreements all the time. In general, these agreements tend to be either hopeful promises secured by a handshake and some goodwill, or they are the really intense kind of agreement that requires lawyers, contracts, and signatures.

One method is friendly and based on good intentions, while the other is intimidating and formalized. What’s more, because creating legal contracts requires a lawyer and all the accompanying cost, many people avoid this process if at all possible.

However, the emergence of blockchain technology and its accompanying platforms means that people don’t have to rely on handshake agreements or formalized contract negotiations any longer.

Agrello, a blockchain-based platform for creating legally binding smart contracts, makes it possible for anyone to create formalized contracts that are easy to build and maintain. Using just a mobile app and a graphical interface, smart contracts can be created and executed with just a few taps on the screen.

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