Programmable Commerce

Definition ∞ Programmable commerce involves using smart contracts and blockchain technology to automate and customize commercial transactions and agreements. This allows for the creation of self-executing contracts that automatically enforce terms and conditions upon the fulfillment of predefined criteria. It extends beyond simple payments to include complex logistical and supply chain operations. This system offers enhanced transparency, efficiency, and trust in business processes.
Context ∞ Programmable commerce is a burgeoning area in news regarding enterprise blockchain solutions and the future of digital economies. Its application in areas like automated supply chains, escrow services, and tokenized real-world assets demonstrates its transformative potential. The development of robust and secure smart contract platforms is key to realizing the full benefits of this innovative commercial approach.