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What is Smart Contract? — Business Software Glossary
Understand smart contract and how it applies to modern business software.
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Self-executing code stored on a blockchain that automatically enforces the terms of an agreement when conditions are met.
Smart Contract is a foundational concept in modern software and technology. It describes a technical approach, architecture, or standard that underpins how digital products and services are built and delivered. For business leaders evaluating software, understanding smart contract helps make informed decisions about platform choices.
The technology landscape is filled with acronyms and jargon that can make evaluating software feel overwhelming. Smart Contract is one of those concepts that appears frequently in vendor comparisons and technical documentation, but its practical implications are what matter most for your business.
Gufi is built on modern technology principles including smart contract where applicable. But the key difference is that you do not need to understand the technical details. Gufi's AI handles the complexity so you can focus on building the software your business needs — just describe what you want, and the platform takes care of the engineering.
Frequently Asked Questions
Common questions about smart contract in business software.
Smart Contract is a technology concept that describes a specific approach, architecture, or standard used in modern software development and delivery.
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