ELROND  ♥  USE CASE

Contracts, licences and the blockchain

The Elrond blockchain is ideally suited for the automation of bureaucratic and legal processes. Contractual agreements, licenses and copyrights can be regulated securely, transparently and without intermediaries such as notaries.

The blockchain protects intellectual property

The Elrond blockchain can be used to protect intellectual property and track and regulate copyrights:

License information on the blockchain is linked to the previous transaction of the same license and cannot be manipulated. This provides a “guarantee of origin” to buyers.

Digital contracts can be mapped on the Elrond blockchain with smart contracts. The conditions of the contracting parties are written directly into the code.

Smart contracts enable trustworthy transactions and come into effect independently when certain, predefined events occur. They do not require human supervision. Typical sources of error can be eliminated.

Contracts, licenses, copyright with the Elrond blockchain.

Smart contracts will soon be everywhere: cost-effective, customizable, individualized and secure.

01

Transactions on the Elrond blockchain are very cost-effective. When a smart contract is executed, 30% of the transaction fees go to the creator of the contract in the form of royalties.

This means that an attractive passive income can be generated with a corresponding volume of transactions. And smart contracts are transferable.

02

Blockchain & Flexibility

Elrond smart contracts can be updated to fix bugs and add features. This allows smart contract issuers to respond to changing conditions.

03

The royalties of art, music, videos or other creative work can be customized and securely tracked by the publisher – for example in the form of a Non-Fungible Token (NFT).

05

Blockchain and Security

Contract and license data as well as sensitive information such as ownership data are stored in the Elrond blockchain in a tamper-proof manner and are optimally protected

More about the Elrond blockchain

Let us show you why we are convinced of the Elrond blockchain technology.

Functional Comparison

Elrond is a high-performance blockchain technology based on the proof-of-stake consensus mechanism. It was developed to eliminate vulnerabilities of other blockchains. Actually, we claim that Elrond is the best blockchain technology in the world.

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Orientation Call

Would you like to learn more about the potential of the Elrond blockchain for your company? Our experts will be happy to advise you. Free of charge and without obligation.

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Cost Calculator

Calculate your transaction costs with the Elrond blockchain compared to other transaction technologies like Paypal or credit card. You will be amazed!

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Blockchain Check

Find out how your business can benefit from using the Elrond blockchain in just a few clicks!

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Advantages of the Elrond blockchain

Blockchain Technology
Transactions without intermediary, fail-safe through decentralization, protection against manipulation.

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Adaptive State Sharding

More than 15,000 transactions per second possible, scalable upwards for maximum performance.

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Secure Proof of Stake
Optimal protection for sensitive data and information as well as an improved eco-balance.

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Low costs

Minimal transaction costs to ensure your competitiveness and optimize your pricing strategy.

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Adaptable Smart Contracts

Automatic transactions and payments according to defined rules and conditions. Smart, isn't it?

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Elrond ecosystem

Extensive network of validators, developers, investors, research partners and exchanges.

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Are we talking about Elrond, contracts & licenses?

Want to learn more about the potential of the Elrond blockchain for contracts & licenses?
Contact us for an orientation meeting. We look forward to hearing from you!

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References

Visit Elrond and Istari Vision customers and partners

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