At this point, smart contracts have contributed to spreading knowledge about the different elements that make up this technology and its potential.
The generic use of the term contract describes a figure that undoubtedly has a clear technological scope: "smart contract"..
Blockchain brings clear benefits to contractual terms of "Confidence and Reliability", "Security" and "Cost Reduction and Scalability".
When facing the legal design of a business that has among its gears Blockchain, Smart Contractsand Cryptoactive technologies, the technological aspect is essential, since its initial configuration and its own limitations will condition the legal solution.
The strength of a consensus algorithm is generally measured in terms of the fraction of faulty processes that it can tolerate. It is recommended that we should always look for a consensus system that, adapted to the requirements of each use, be the most efficient.
The process of "digitizing" assets to convert them into tokens through Smart Contracts is called tokenization. The token acts as a property title and its transmission would imply the transfer of ownership.