According to Gartner, by 2023 organisations using blockchain smart contracts will increase overall data quality by 50%, even if the process also reduces data availability by 30%.
The analyst defines a blockchain smart contract as a program or protocol typically running on a blockchain able to facilitate, verify or execute business processes triggered by events, on-chain transactions or interactions with other smart contracts. However governance frameworks for blockchain participation, or the terms and conditions within the smart contract, can dictate the availability of data the smart contract transaction generates, from none to limited to unlimited.