Smart Contracts promise to revolutionize the legal world. Thanks to these computer applications, which automatically run when the conditions programmed in its code are met, it will not be necessary to go to a notary every time you want to validate certain contracts.
Soon legal contracts will be signed and executed automatically, which means we will not worry about many legal processes. But what are they? And how can they be used in the insurance sector?
In this post we explain what a Smart Contract is and show a case of its use in an insurance company: DAS Spain.
This post is also available in Spanish.