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Blockchain-enabled “smart contracts” solve problems in administering IT ecosystem services

cio.com

Businesses are moving into a software-defined world with usage-based service contracts and an u201cEverything-as-a-Serviceu201d ecosystem of providers. But there’s a problem: Contracts have not kept up with the desire to buy things in an as-a-service model in an ecosystem. Thus, the contracts provide no accurate way to account for usage adjustments that need to be made. This is a huge, nettlesome problem for service…

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