What is a smart contract
A smart contract is an agreement between multiple parties expressed in code. Smart contracts are executed by the blockchain and help verify, facilitate and record transactions. These transactions are final and irreversible. Our confidential smart contracts allow companies to use our public blockchain while maintaining complete data privacy.
Complete Data Privacy
Dusk is the first blockchain with native confidential smart contracts. This allows parties to benefit from our highly scalable infrastructure (one of the major benefits of a public blockchain) with the peace of mind that their data remains confidential. In other words, enterprises can make use of our confidential smart contracts with confidence knowing that their transactions are secure and private. This makes it possible for institutions to use our blockchain as they enjoy the privacy to which they are accustomed - if not more - while being able to make use of the speed of blockchain and self-executing smart contracts.
There are many opportunities for businesses and institutions to use smart contracts within their business. They can automated costly processes, set up agreements in code, and create novel protocols for their products and services. This could be anything from trading securities to insurance policies to lending and borrowing assets. As regulation can be built in at the code level, they also do not need to worry about breaking rules.
Digital share registries use blockchain technology to enhance their data, enabling automation and reconciliation by businesses and shareholders, allowing them to automate costly and complicated processes.See more
Smart Bulletin Boards can be used to indirectly match qualified buyers and sellers of security tokens. If both parties come to terms and a deal is struck, they can execute the trade.See more