Smart contracts are small applications that run on a decentralized database that automatically mediates the terms of agreement between parties without the need to manually synchronize data or involve trusted third parties. Banks and governments are increasingly adopting distributed ledger technology as it offers many stategic advantages over legacy systems:
Disintermediates settlements and reduces transaction clearing time.
Eliminates counterparty risk and increases transparency between parties.
All data is replicated across all participants, backed up automatically, and has no central point of failure.
Instant audits and regulatory transparency.
The Adjoint platform offers serveral key advantages over open source and other solutions:
Our suite of contract development tools allows financial domain experts to quickly analyze and visualize the structure and implications of their contracts. Including analyzing: