Wondering about 10 use cases of smart contracts? You’ve come to the right place. In this article, we will discuss the same.
In this article
- 10 real-world examples of smart contract use cases
- Frequently Asked Questions on smart contracts and smart contract use cases
The distributed ledger market has a number of use cases, and smart contracts are one of them. According to the same report, the smart contract market size is projected to reach $100 million by 2030.
10 real-world examples of smart contract use cases
10 smart contract use cases in the real world include the following:
Smart Contracts Use Case #1: Trade Finance
Trade Finance stands to benefit immensely from the introduction of smart contracts. Santander Innoventures said that it believes that blockchain technology will lead to more than $20 billion worth of savings per year.
A huge amount of these savings will come from smart contracts automating approval workflows and clearing calculations that at the present time are incredibly labor-intensive. Not only will this …