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.
Contracts, licenses, copyright with the Elrond blockchain.
Smart contracts will soon be everywhere: cost-effective, customizable, individualized and secure.
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.
Blockchain & Flexibility
Elrond smart contracts can be updated to fix bugs and add features. This allows smart contract issuers to respond to changing conditions.
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.
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.
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.
Advantages of the Elrond blockchain
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