Sentences with phrase «executed by the blockchain»

Unlike conventional contracts, smart contracts consist of software code and are executed by the blockchain network.

Not exact matches

Aiming to execute seamless real estate transactions using blockchain technology, Esanjo.com is a global real estate asset management solution using ethereum, an open - source distributed platform on blockchain that's used by developers to build decentralized applications.

What's interesting about blockchain technology is that, by using what are called «smart contracts,» those contracts are executed on automatically through the blockchain.

By the time of the Ethereum Initial Coin Offering, I had become confident that blockchain technology and self - executing unstoppable code could rewrite the balance of power between the haves and the have - nots.

A number of transactions have already been reportedly executed through the CitiConnect ® for Blockchain connectivity platform and the Linq Platform powered by the Nasdaq Financial Framework.

Once the contract executes, the money is transferred from my wallet to yours and is automatically witnessed and verified by regulators on the blockchain.

By contrast, «the blockchain space is about the ability to execute and deliverables,» she says.

Confideal, which is based in Ireland but headed largely by a Russian team of blockchain experts, is seeking to create a platform that will attract individuals, SMEs and large corporates to conduct international deals using its self - executing smart contract system, but with the reassurance that any disputes will be properly dealt with by trained lawyers.

Smart contracts can remove the need for enforcement of contracts in court, by having the agreement automatically execute on the blockchain and transfer funds in a verifiable way.

A blockchain smart contract would be enabled by extensible programming instructions that define and execute an agreement.

Eventually, the company plans to let the distribution of rewards be handled by a so - called smart contract, a piece software that automatically executes business dealings through a blockchain, which is essentially a public ledger of transactions.

The Lightning Network expands on the Bitcoin Blockchain's basic transaction functionality by providing a means for users to execute smart contracts on the blockchain itself, providing for a mechanism for users to establish near - instant micropayments without the need to offload transactions to a custodian, which makes small payments impractical because the fees might be more expensive than the transactiBlockchain's basic transaction functionality by providing a means for users to execute smart contracts on the blockchain itself, providing for a mechanism for users to establish near - instant micropayments without the need to offload transactions to a custodian, which makes small payments impractical because the fees might be more expensive than the transactiblockchain itself, providing for a mechanism for users to establish near - instant micropayments without the need to offload transactions to a custodian, which makes small payments impractical because the fees might be more expensive than the transaction itself.

NEO cryptocurrency is widely considered as «Chinese Ethereum» because it, like Ethereum, is aiming to build a platform on which other DApps or Decentralized Applications could be built by letting users execute smart contract code on their Blockchain.

By implementing Ethereum's entire smart contracts platform Counterparty enables users to write Turing Complete smart contracts into the Bitcoin blockchain and execute those contracts in a completely decentralized and trustless manner.

The same blockchain technology as in Bitcoin and other systems is used as the base, and the security of the computation is guaranteed by the same kinds of cryptography and economic incentives, but the ability to execute code opens to developers a much larger world of possibilities.

The software is autonomous, in that it is executed in a distributed manner by all nodes participating to support the underlying blockchain network.

NEO cryptocurrency is widely considered as «Chinse Ethereum» because it, like Ethereum, is aiming to build a platform on which other DApps or Decentralized Applications could be built by letting users execute smart contract code on their Blockchain.

The banks connected on an R3 - managed private peer - to - peer distributed ledger, powered by Ethereum technology and hosted on a virtual private network in the Microsoft Azure Blockchain as a Service (BaaS) cloud, to execute simulated financial transactions instantaneously.

This is made possible by a distributed network of computers each of which downloads a small virtual machine to sync with the Ethereum blockchain and execute contracts when necessary.

Yorke E. Rhodes III, global blockchain business strategist at Microsoft said in a statement that the firm is «very impressed» by the research that IC3 has been executing, in particular its work on scaling and simplification.

Wemerge Community Blockchain Incubator will expand on this process by assisting projects to properly execute their Blockchain implementations and token issues through a community of beta testers all over the globe and by providing real world validation.

If a hard fork as explained by Bitmain's blog post is executed, it will undoubtedly be a contentious hard fork that will ultimately lead to two persistent bitcoin blockchains.

ETHLend is additionally adding a function to tie Ether loans to fiat currencies to avoid volatility and allowing familiar loan agreements for everyone while keeping all benefits that separate blockchain technology from traditional banking: fast transactions across borders, transparency for all parties, and safety - by - design through self - executing contracts, known as «smart contracts.»

We have also marked a milestone by piloting a blockchain network with Emirates NBD as a partner and have successfully executed cross-border open account trade finance and remittance transactions.»

Thanks to the rise of cryptocurrency and Blockchain technology, lately there has been a large influx of projects empowering themselves by doing token launches to raise the funding they need to execute their vision, opposed to raising venture capital.

Blockchain technology with a security protocol ensures foolproof passenger and crew data management since sharing of information is executed through the use of authorized access by individuals whose imprints on the blockchain network is vBlockchain technology with a security protocol ensures foolproof passenger and crew data management since sharing of information is executed through the use of authorized access by individuals whose imprints on the blockchain network is vblockchain network is verifiable.

Further, Buterin encouraged the Ethereum Classic team to execute an additional hard fork that would guard its blockchain from «replay attacks» by moving classic ethers, or the currency units on the alternative blockchain, to new accounts.

Simply stated, a blockchain is a distributed database or public ledger, made popular by Bitcoin, that maintains a continuously - growing list of all transactions in a particular network that have ever been executed.