CloudEXPO | DevOpsSUMMIT | DXWorldEXPO

Smart Contracts: The Long and the Short for Enterprises

Gartner projected that by the year 2022,smart contracts will be in use by more than 25% of global organizations despite speculative risks. Decentralized blockchain protocols known as ’smart contracts’ allow self-executing contracts to perform secure, immutable and valid transactions and contractual conditions without third parties. This is why Gartner reports that the “immutability of a blockchain record and the distributed nature of a blockchain system make smart contracts an attractive option for enterprises.” John Harris, CTO of leading cloud-and-mobile digital signature platform SIGNiX, will share what smart contracts enable for enterprises and an overview of:

What a smart contract is; the difference between centralized and decentralized systems and where smart contracts can fit into a combination of both

The current state of smart contract adoption by enterprises and usability; its value for enterprises including transparency, efficiency, and security

Smart contract application trends and implementations in the industry

Challenges of smart contract adoption and how to navigate as an industry for the future

The SIGNiX team is launching the project SmarTract, a protocol to drive adoption of smart contracts to automate legal contracts and provide immutable, decentralized access, and authenticity validation services for associated documents.