A legally binding document stored on a centralized server.

A self-executing contract with terms written in code on a blockchain.

A traditional paper contract scanned and uploaded onto a blockchain.

A contract that requires manual intervention for execution.

Increased complexity and ambiguity in contractual agreements.

Reduced transparency due to decentralization.

Automation of contract execution based on predefined conditions.

Inability to rectify errors once a contract is deployed.

Lack of security due to centralized control.

Ability to easily rectify errors in the contract's code.

Permanence of errors once a contract is deployed.

High cost of development.

Minimizing transparency to protect sensitive information.

Identifying potential challenges and interruptions in the contract's lifecycle.

Prioritizing manual intervention over automation.

Focusing solely on the initial execution without considering long-term implications.

To identify bugs and errors in smart contract code.

To validate the logical design and real-world applicability of the contract.

To increase the complexity of the contract's execution.

To speed up the deployment process and minimize costs.