Transactions may be performed quickly since they are completed directly between the appropriate parties with no intermediary and using digital information. In addition, the capacity to operate'smart contracts,' which automatically initiate commercial activities depending on meeting the contract's requirements, is available. This may significantly simplify procedures, removing time and cost from transactions. The article "How Utilities Are Using Blockchain to Modernize the Grid" by Oliver Wyman Consulting describes how this is now being used in the energy business.