Understanding of the Smart Contract and the differences Traditional contracts Vs. Smart contracts

According to Wikipedia Smart contracts are computer protocols intended to facilitate, digitally verify, in other word senforce negotiations or the performance of a contract. Smart contracts will allow performance credible transactions without third parties. This transaction can be tracked and irreversible. Smart The contract was first proposed by Nick Szabo, who coined the term, in 1994. Proponents contract smartly claiming that many types of contract clauses can be made partially or more and carried out on their own, enforced by themselves, the purpose of smart contracts is to provide superior security than traditional contract law and to reduce other transaction costs related to the contract. Various cryptocurrency has
the type of smart contract that is applied.
Between Traditional Contracts Vs. Smart contract
there are various differences between the traditional approach and the modern and contractual approach Modern approaches have overcome many problems with traditional contracts covered
below the table.
(*)Data accuracy is one of the key components of data quality, which will refer to what the data value is stored for an object is the correct value. the data value must be the correct value and must be represented in a consistent and unambiguous form.
Smart contracts are powered by Blockchain technology based on mechanisms consensus that guarantees accurate data and is not angry when transferred
(*)Data transparency is a simple but stronger concept. This means marketers or data buyers will have complete clarity to the data source and composition of their audience / data segments
in purchase.as a ledger for transactions that are distributed or shared, the blockchain should be promoted with secure data transparency. Every block added to the chain contains
sequential transaction history. Has the ability to see blocks in a chain to find out
exactly the data source and the way of shipping to the destination

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