Sentences with phrase «code via smart contracts»

LegalThings» one Blockchain solution splits criminal laws into parts that are understandable for both computers and humans: those parts considered simple and safe executed on the Blockchain for legal relationships that can be reduced neatly into code via smart contracts and other parts that involve human interpretation.

Not exact matches

Assume — for the purpose of this post — that a smart contract is a computer program that automates parts or the entirety of an actual legal agreement and that instead of being deployed on a single computer or server, the code is distributed to, and runs on, a non-hierarchical network of computers (probably via a blockchain).

A good example is the smart contract model developed by Barclays and R3, under which contracting terms (in the form of an ISDA master agreement in natural language) are connected to computer code via parameters (a smart contract template).

Pretty much any type of contract that is normally controlled and / or executed via computer code can be done through smart contracts: real estate transactions, exchange of financial tools such as equities, voting, global supply chain transactions, even medical records and numerous other applications.