Can Smart contracts Exist without the Blockchain?

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Can Smart Contracts Exist Without The
Blockchain?

• With Blockchain revolutionizing every industry
  and it unfolding new modes of influencing
  business operations positively. In the times to
  come, we are going to see some significant
  developments in this field, but one thing that
  needs a mention here is a smart contract. These
  digitized contracts are pre-programmed and are
  executed once the conditions are met. These are
  going to be the future, and if you are planning
  to become a smart contract expert, then you must
  choose smart contract certifications.

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The Functioning of a Contract

• We have already mentioned about smart contracts,
  but how do smart contract works? Its important
  for anyone who wishes to become a smart contract
  expert needs to have a complete understanding of
  these contracts.

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• To explain it in simple words these are digital
  contracts that are facilitated online they
  verify and enforce the negotiation of the
  contract. One of the key factors that you must
  know about these contracts is that they are
  executed digitally on a Blockchain platform and
  are not governed by the third party.

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• These automated contracts have pre-defined rules
  which facilitate the exchange of goods and
  services. This is to enhance transparency in the
  system and reduce the fees and assuaging the
  probability of conflict over non-performance.
  There is no room for interpretation of all the
  terms of the contracts. While drafting smart
  contracts, smart contract experts are written
  precisely, ensuring that conditions are apt and
  clear.

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Bride Blockchain With Modern Contracts

• These contracts are meticulously designed by
  smart contract experts and are crafted to execute
  once the conditions of the contracts are met
  without the intervention of third parties. In
  case of breach of contract, the party is not
  damaged by it.

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• The funds in case of smart contracts are kept
  with escrow, and there is no need for a third
  party or any legal framework like a broker. The
  agreement protects each of the contributing
  parties. If one of the parties fails to meet all
  the terms of the contract, the other parties get
  to kee the funds.

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• Since there is no intervention of the third
  party, you dont have to spend an extra amount in
  the form of fees. All this is because smart
  contracts operate on a Blockchain platform. Apart
  from being fast, the Blockchain platform provides
  transparency and security of information.
• Many online platforms are working in this field,
  and one such example is Jincor. It provides a
  simplified Blockchain platform that handles trade
  agreements and employment contracts.
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Can Smart Contract work Blockchain

• This brings us to the next important question,
  can smart contracts work without Blockchain.
  Well, smart contracts are digital contracts which
  are formed to aid faster transactions,
  cost-effective solution and security of
  information. If we expect these digitized
  contracts to work without Blockchain, then it
  will not have additional features like no third
  party intervention, the security of data, faster
  transaction, etc.

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• It may be possible to run smart contracts on
  a digital platform, but then you will not get the
  same benefits that Blockchain provides you.

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How Can You Become Smart Contract Experts?

• In the times to come, smart contracts are going
  to be popular, and there will be a need for smart
  contract experts. To become an expert in this
  field, you need to enroll for a smart contracts
  online course. Blockchain Council is one of the
  leading platforms providing smart contract
  certifications. With this smart contract online
  course, you will get to know how to form a smart
  contract and how to program them. It is a
  comprehensive smart contract certification that
  will cover all aspects of smart contracts and
  will help you become a smart contract expert.

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Blockchain Council Certifications

• You can check out our certifications, and kick
  start your career in the Blockchain space today.
• Certified Blockchain Expert
• Certified Blockchain Developer
• Certified Smart Contract Developer
• Certified Solidity Developer
• Certified Ethereum Developer

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