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Substantial simplification of ownership transfer

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Reference no: EM133014293

A Smart Contract is simply an algorithm that exists within a (mostly) secure and immutable information network. If X happens, then Y will automatically happen in response. One application would be a substantial simplification of ownership transfer. You're selling your car to an unknown buyer. How might replacing our current and now possibly antiquated vehicle title system with Smart Contracts change this transaction? Black chain

Reference no: EM133014293

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