Smart Contracts AutomationWe harness Artificial Intelligence to analyze and manage data involved in smart contracts, making decisions in real-time and automating the execution of tasks. AI ensures that conditions and triggers written into smart contracts are validated and executed without human intervention, allowing for faster, more accurate transactions.
AI-Based Decision Making:AI automates complex decision-making processes within contracts, ensuring conditions are met before execution.
Data-Driven Contracts:AI analyzes real-time data (like pricing, supply chain, or external events) to trigger contract executions or prevent risks.
Fraud Detection:AI monitors for abnormalities or fraudulent activities, adding another layer of security to smart contract interactions..
Smart ContractsBy combining Robotic Process Automation (RPA) with smart contracts, NewBizNext delivers seamless automation for repetitive tasks and contract-based actions. This is especially valuable in industries such as finance, supply chain, and real estate where robotic systems handle large volumes of routine tasks.
Automated Payments:Robotics process payments automatically when smart contract conditions are fulfilled.
Contract Execution Bots:AI-driven bots verify that conditions are met before triggering robotic processes that execute the terms of the contract.
Compliance Automation:RPA ensures all regulatory and contractual obligations are adhered to without manual oversight.
Smart Contract Interaction and MaintenanceBots play a crucial role in monitoring, managing, and interacting with smart contracts. AI-driven bots continuously check contract conditions, validate information, and ensure smooth operations, alerting stakeholders when specific actions are needed. These bots reduce human intervention and accelerate processes.
24/7 Contract Monitoring:Bots monitor smart contracts in real-time, ensuring that triggers and conditions are met without human oversight.
Automated Alerts:Bots send automated notifications when smart contract milestones are reached or issues arise.
Contract Amendments:AI-powered bots can automate contract updates based on predefined conditions or changing business needs.