👉 What is a smart contract?
According to Investopedia, "A smart contract is a self-executing contract, with the terms of the agreement between buyer and seller directly written into lines of code. The code controls the execution, and transactions are trackable and irreversible."
👉 When was the first smart contract created?
American computer scientist and cryptographer Nick Szabo introduced the first smart contract back in 1994.
👉 How do smart contracts work on the WorkQuest platform?
When an employee chooses a suitable quest, and an employer confirms their readiness, a smart contract containing all details and conditions for agreement implementation is executed.
The smart contract allows for the agreement between the employer and worker, remaining as the guarantor of a safe transaction, and any third party may not amend an implemented contract. The entire contract history is stored on blockchain and accessible to all parties.
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