Tech »  Topic »  Smart contracts ensure the integrity of transactions, such as those that initiate key services. A smart contract audit is one way to ensure the programs work as designed.

Smart contracts ensure the integrity of transactions, such as those that initiate key services. A smart contract audit is one way to ensure the programs work as designed.


Smart contracts are self-executing programs that run on VMs and are stored on a blockchain. They automate how agreements are completed after certain conditions are met. Smart contracts underpin the integrity of transactions, including those that initiate key business and financial services. A smart contract audit is one way to ensure these programs work as designed.

Smart contracts are used for a variety of purposes, including orchestrating business processes, transferring assets and initiating services, among others. The process is straightforward: Once all provisions of a particular transaction or request have been satisfied, the contract responds accordingly.

Blockchain's inherent security makes smart contracts difficult to compromise. Instead of being deployed on centralized networks where control resides in a single location, smart contracts are installed on decentralized networks with control and management functions embedded across each node. User files and data hold access and security codes, so regardless of where data ...


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