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Les smart contracts permettent donc une exécution automatique, décentralisée, transparente, peu coûteuse et totalement sécurisée d’un certain nombre de programmes informatiques. However, smart contracts keep monitor of a property’s history, location, and all other necessary particulars that might be wanted for title evaluation. If the vendor is unable to transfer the clear title of the property to the buyer throughout the agreed upon timeframe, then the contract will refund the complete buy price to the buyer and transfer the ownership again to the seller. If the purchaser pays the agreed upon buy price to the contract’s address, then the contract will automatically transfer the possession of the property to the purchaser. In this example, the good contract is able to automatically execute the terms of the agreement based mostly on sure conditions being met (or not met), such because the receipt of cost or the transfer of clear title. Smart contracts can automate, calculate and arrange funds, after which robotically perform their phrases and conditions.
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