Smart Contracts

Anirban Ghosh (Principal-Business Consulting, Infosys) speaks about smarter contracts with a use case of royalty management for music downloads.

CSPs can combine artificial intelligence, machine learning and blockchain in a smarter contract system. It increases accuracy, ease of use and traceability of payments. Significantly, it encodes semantics in a contract as well as defines business rules such as terms of royalty payments to enhance revenue assurance.