Within the blockchain, tokens are transferred. These are the representation of a previously decided value. For example, you can decide that a token is one euro.
Given the fact that this transaction unchangeable, there is a proof that makes it unnecessary to constantly transfer money.
Thanks to the technology behind the blockchain, when a transaction is made, it is verified and confirmed in less than an hour, as opposed to some bank transfers that require days to complete the process.
Using scheduling options offered by blockchains such as Ethereum, it is possible to schedule contracts so that, at the moment certain events occur, the transfers are executed automatically.
Our team, formed jointly by lawyers and developers, has extensive experience in the programming of this type of contracts complying with current regulations.
Until now, the figure of a third party was essential for two parties that do not trust each other to interact. With blockchain, it is not anymore.
The unique code that encrypts the transaction (the hash) is replicated to all nodes in the network, which compete to validate their truth, so that double spending or transfer without funds is impossible.