After a contract has been signed all of the Smart Clauses within the contract can start to process data from external sources, like eSignature solutions, Internet of Things devices or web services.

Each time you send data to a Smart Clause template, the logic for the Smart Clause is triggered, the state of the contract is updated, and any obligations emitted by the Smart Clause are handled by the Actions of the Smart Clause (such as making a payment, sending an email, or updating an ERP system).

In addition, each time a Smart Clause template is trigged the Audit Trail for the contract is updated, giving you visibility into all the requests that have been processed by the contract.

Granular visibility at the contract event level forms a crucial basis for Clause Intelligence analytics that can be used to describe, predict, and recommend business events and decisions.