Question: The company you work for is considering introducing blockchain technology to its administrative and financial procedures. However, not all parties involved are convinced. Even though

The company you work for is considering introducing blockchain technology to its administrative and financial procedures. However, not all parties involved are convinced. Even though you have explained that this innovative technology has the potential to significantly improve business transactions, you are asked to explain how smart contracts work and how they can improve contract implementation and monitoring processes. (marks 10)

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