Smart Contracts provide the interface, and business logic, to what is written on the Blockchain and what rules need to be satisfied for this write operation to take place. In TECHT Chain, Smart Contracts are automatically generated from conceptual models that define the Contracts and Milestones that transact on those Contract deliverables.
TECHT’s Smart Contract as a Services also facilitates adding internal and external validators onto the contract to approve milestones. techUK is an example of a a neutral third party validators in this process.
As part of the Implementation process, deliverables and milestones are added into the contract along with validators.
The Smart Contract is enforceable under the UK law with processes for dispute management. This can be enforced on your own development house you have sourced yourself or matched with by TECHT.
Smart Contracts are built run on the Etherum blockchain and are written in Solidity. The following type of Smart Contracts are.
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