Smart Contract Support

Since Ethereum and numerous other protocols began implementing smart contracts, they have gained notoriety as a far more efficient means of ensuring accountability between the parties participating in a transaction. It makes perfect sense to integrate smart contracts into Regius Mark’s protocol so that our clients can increase their levels of protection and trust between buyer and seller. This is especially important to consider in a global marketplace.
A smart contract is a computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract. The great thing about smart contracts is that they allow the performance of credible transactions while limiting the need for third party involvement. This now becomes a secure alternative to sending money through traditional vehicles such as banks or wire transfer services while promoting a strong contract between buyer and seller. In fact, smart contracts can even allow for the use of escrow agents to settle disputes and keep things in the best interests of both parties. These transactions are traceable and irreversible. The aim of a smart contract is to provide security that is superior to traditional contract law and to reduce other transaction costs associated with contracting.
While smart contracts can be advanced, the user interface on our wallets will be simple yet feature rich to avoid hindering expert users, but it will help to ease new users getting into smart contracts. Smart contracts on the Regius Mark blockchain will be supported using a simple scripting language for efficiency yet will remain secure, offering our clients a premium choice for doing business.