SMART CONTRACT

Smart contracts help exchange money, property, shares, or anything of value in a transparent, conflict-free way while avoiding the services of a middleman. Smart contracts not only define the rules and penalties around an agreement in the same way that a traditional contract does, but also automatically enforce those obligations.

Ubrica smart contracts will facilitate, verify, negotiate and conclude contracts between individuals and their contracting party.  Due to these smart contracts holding value, individuals may participate or audit all Ubricoins smart contracts.

All smart contracts are connected to one another to form one pooled smart contract (PSC) such a pooled smart contract acts as a health risk pooling in traditional insurance.

3.1.1.          Smart reward

Using the smart contract we will create a crypto-currency program which involves creating incentive programs to reward excellence in education, research and practice. We shall also reward the use of Ubricoin for financial transactions in everyday practice. Buying from local suppliers and manufacturers on Soko Janja will attract rewards. Rewards will help create incentives for quality in education, research and practice in developing world. Quality of medical and health care will improve in turn

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