A smart contract consists of lines of code that execute automatically when predetermined terms and conditions are met; carrying out contractual clauses and storing them on the blockchain. In business collaborations – they enforce agreements in a trustworthy manner without the need for intermediaries.
As processes are increasingly digitized, they provide a means to optimize many business and financial processes. BestBuds are to develop smart contracts based on the latest blockchain technology in order to give rise to our new ecosystem.
This is in order to support business relationships and transparency within the hemp and CBD industry.