Sentences with phrase «parties via smart contracts»
Called Deloitte Mercury, and revealed formally at CoinDesk's Consensus 2017 conference in New York today, the platform uses a blockchain - based infrastructure to explore newer models of credit and funding guarantees, representing and codifying obligations between parties via smart contracts.
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This off - chain payment processing setup allows parties to interact via smart contract without directly transacting through the blockchain.
Initial phase of the product allows accepted third parties to fully replicate ERP database of the recipient, or supervised company via BigchainDB storage, verified by Ethereum Blockchain based smart contracts.