Smart contracts are a boon to several businesses/consumers who find there are simply too many protocols to keep up 
. Sceptics frown upon trusting software to regulate buyer-consumer agreements while techno-enthusiasts see the simplicity and brilliance of it all. Smart contracts are extremely dependable because predetermined obligations are written right into their code.
Trust-free conditions
Imagine that you are purchasing a rare musical instrument from a company in another part of your country. You would like to use a smart contract to ensure a flawless payment method, on-time delivery and promised authenticity of the product. Yet, a novice in the field, you have no idea how to go about this business. Enter Feelium.
Feelium can provide you with smart contract templates with all buyer-seller terms, along with customizations required. In addition to eliminating any human errors that traditional contracts can incur, you work with the support team to customize your contract within legal boundaries. For example, you can enforce the requirement to verify the instrument’s quality before your money is released to the company or else, a return can be warranted. If there is any unacceptable disruption in this chain of events, the contract is nullified, and the money is returned to you within a pre-determined amount of time.
Fraudulent services as a result of anomalies in traditional contracts will never again be an issue. Money spent without returns is every consumer’s nightmare and services rendered without compensation, that of suppliers. Leave these fears to the past as smart contracts, like those on Feelium, exist today.
Execution costs
Smart contracts are affordable by everyone. Using Feelium tokens, you can forget about the cost of hiring a lawyer to draw up contracts. Feelium smart contracts are pre-prepared by lawyers and are freely available once you have bought tokens. The contracts can be used between two parties in different parts of the world. Obviously, no conversion rates apply.
Ease of use
With the simplicity of the utility platform in mind, Feelium tokens are pre-mined. You can obtain the tokens on www.feelium.co. To begin a transaction of goods or services between two parties, a smart contract is now needed. As earlier mentioned, there are existing smart contract templates on Feelium. How does one use this feature, once the parties have Feelium tokens?
Party 1 chooses the template most suited for their purpose and makes additional changes if required. Users are also required to complete KYC/AML procedures for their own safety.
Party 2 is invited to view and validate the terms.
Any concerns are discussed offline.
The updated contract is then sent to Party 2 and accepted though an OTP, thumb print or email confirmation.
Additional features
Since the Feelium platform is housed on cloud servers, tons of data can be placed here and accessed within a few seconds.
The purchase of Feelium tokens makes the user eligible for Quick Access Token or QAT which is a private key to use the Feelium platform.
There is no concern of losing the key as it can be easily retrieved one time per day.
There is also an additional validation feature on Feelium which confirms that the user indeed wants to complete the transaction. It does this by asking the user to re-enter the QAT.
Feelium also has an Escrow service which can also be utilized, and acts as a trusted third party between the transactional parties.