Participants in the decentralized peer-to-peer network can build trust through smart-contract end-to-end visibility of transactions in real time within the synchronized ledger.
Transaction history is available to everyone in the network. With consensus protocol in place, data cannot be amended without participant confirmation.
Smart contracts are autonomous and independent, providing the opportunity for reduction of delays and transaction costs.
Since smart contracts are self-executed, it takes very little time to perform the transaction.
With pre-written logic, smart contracts are highly accurate, eliminating manual errors.