Enterprise smart contracts are self-executing agreements with predefined terms encoded directly onto a blockchain, designed for business operations. These digital protocols automate and verify the execution of contractual obligations without third-party intermediaries. They are tailored to meet specific organizational needs for efficiency, transparency, and data veracity. Their application spans various complex business processes.
Context
The adoption of enterprise smart contracts is a significant trend for organizations seeking to optimize supply chains, automate payments, and manage digital identities. Companies currently evaluate various distributed ledger platforms and legal considerations for deploying these advanced agreements. This development promises substantial improvements in operational effectiveness and auditability across industries.
The GS DAP spin-out standardizes RWA tokenization on a shared ledger, transforming capital markets from proprietary systems to composable, industry-owned infrastructure.
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