Paper based contracts cannot enforce the contract terms or track violation of agreements. Smart contracts allow the parties to digitally track the validation of the contract terms and enforce them in real-time. Problem: Customer needed a solution to digitize the paper contracts into secure, auto-enforceable agreements. Methodology: Cenacle built a secure Blockchain based smart contracts platform with below features:

1. Terms are extracted from the paper contract and coded into the Blockchain ledger
2. Contract conditions are monitored and triggered to execute the recorded code

Results: A smart contract system that not only records the contract terms but also enforces them Key concepts: Decentralized identities, Blockchain, Smart Contracts Domain: Legal, Blockchain