Qubicles will be highlighting topics of cryptocurrency in an educational monthly series. This is Part 2 in the series.
Qubicles is the first on-demand gig economy for contact centers that connects qualified customer service, sales, and support reps with businesses looking for talent anywhere in the world.
Backed by automated smart contracts and blockchain, the same technology for bitcoin, Qubicles provides a secure, transparent, and reliable network of contact center services.
To better understand how Qubicles works, let’s look at what exactly smart contracts are. According to Investopedia, the definition of a smart contract is as follows:
“A smart contract is a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code. The code and the agreements contained therein exist across a distributed, decentralized blockchain network. The code controls the execution, and transactions are trackable and irreversible.
Smart contracts permit trusted transactions and agreements to be carried out among disparate, anonymous parties without the need for a central authority, legal system, or external enforcement mechanism.”
Smart contracts also have specific benefits including being:
- Secured
- Always accurate
- Quick performance
- Cost-effective
- Autonomous
- Free of interruption
Be on the lookout monthly for more information on cryptocurrency in our Intro to Crypto: A Series at www.qubicles.io/blog.
