friction points

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Friction points smart contracts can solve

on June 30, 2021

The application of smart contracts can streamline transactions across the globe. Friction points smart contracts can solve begin with the automation of trust between parties. This is blockchain’s primary purpose.

Smart contracts can reduce the operational friction required to validate ownership, identity and contractual terms by allowing participants to interact directly with one another with no middlemen providing verification. 

Reading time: 5 minutes. Photo by Ehimetalor Akhere Unuabona on Unsplash.

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traktiFriction points smart contracts can solve