A delay of two hours or more is specified as a condition for the insurance policy. According to the code, the smart contract holds AXA's money until a specific condition is met. The smart contract is submitted for evaluation to the EMV nodes (a runtime compiler to execute the smart contract code). All nodes on the network running the code must achieve the same result. This outcome is documented on the distributed ledger. If the flight is delayed for more than two hours, the smart contract takes effect, and Rachel is compensated. Smart contracts are unchangeable; no one can change the agreement.Dunitech Soft Solutions Pvt Ltd, a leading Blockchain Smart Contract MLM based Software company in India. Lucknow, offers Blockchain Smart Contract MLM based Software services. Contact:+91-8858915711.contact@dunitech.com.
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dunitech September 30, 2023Software
smart contracts in blockchain
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