Biz4Intellia Smart contract solutions include the capabilities of two cutting-edge technologies. Blockchain and Internet of Things create a connected and immutable computerized framework that allows two or more concerned parties to create digital contracts and monitor their execution remotely in real-time. Smart contract solutions digitize the Bill of Lading documents, Mortgage loan agreements, Insurances, and Employment contracts that restrict their manipulation and mitigate any discrepancy whenever any condition in these documents is triggered.
IoT sensors and devices allow monitoring of parameters that correlates to the conditions inscribed in the contract. Hence, they gain clear visibility into the execution of the contract's scope of work and gain alerts whenever contract conditions are triggered.