7.4 Application and Scope of Smart Contracts
Last updated
Last updated
GET uses Plutus Smart Contracts to achieve automation and transparent operations in the following areas.
Field
Smart contract usage
Governance
Automatic processing of voting, proposals, approvals, and execution
Staking
Automation of locking conditions, reward distribution, and maturity processing
NFT issuance and sales
Issuance, ownership management, and royalty distribution from secondary trades
RWA tokenization
Issuance of proof-of-ownership NFT, divisional rights recording, and transfer history management
Crowdfunding
Stage distribution of support funds / automatic refund processing when funds are not reached
Plutus can introduce Formal Verification (Formal Verification), which allows a high level of assurance of the logical validity of smart contracts.