Aurigraph Active Contracts bring alive real world legal contracting with Data automation and auto-contract execution, reducing fraud and non-compliance, through transparency. Data Automation embeds user and contractual data such as KYC, asset, and bank details to be directly into the smart contract for their respective single source of truth with user consent. Once all subscribers have collaborated and completed the contract details, Role based access control is used to manage events and triggers are programmed for auto execution of the Active contract. The smart contract is then deployed in respective subscriber nodes for auto-execution. Active Contracts charge a fixed transaction fee in FIAT currency, unlike speculative gas fee on other platforms while delivering super scalability and low latency. Aurigraph Active Contracts can be great solutions for contracting and Insurance sector which require frequent contracts to be implemented and executed.
