Etherparty is a user-friendly system for creating, using, and managing smart contracts. The system is aimed at transitioning consumers and businesses to blockchain technology.
The platform’s founders believed the demand for smart contracts might continue to grow with an increase in automated peer or group interactions becoming more prevalent. To fulfill this demand, Etherparty plans to provide a platform and value-added services that will enable anyone to use smart contracts and blockchain technology without requiring a deep understanding of either. Hence, the Etherparty platform aims to build a smart contract library for various industries, including banking and finance, trade, healthcare, supply chain management, insurance, foreign currency trading, real estate, digital identification, and more. These businesses use smart contracts because they offer significant benefits by automating contractual agreements, which minimize transactional friction, lower costs, and improve data security.
Etherparty is a platform that seeks to simplify the development and execution of smart contracts by automating the process. Etherparty aims to be unique in the following ways:
The native token of the platform is FUEL, which is essential to using Etherparty. FUEL is a transferable ERC-20 digital token that runs on the Ethereum network and serves as the Etherparty platform's in-app currency. The FUEL token is used to validate a user's activities with Etherparty and trade, execute, or barter for other smart contracts on the network. All the FUEL used on the platform is stored in the proprietary Etherparty Wallet.
