Sentences with phrase «party to the transaction digitally»
Each person that is party to the transaction digitally signs the payment so that the smart contract is able to finalize it when the payment is finally closed and validated on the blockchain.
https://www.investinblockchain.com/ Not exact matches
An extremely simple explanation of blockchain is that rather than centralizing records in one ledger (database), such as a bank that can then move data (representing currency) to other parties, the ledger is replicated with all parties, such that everyone has a copy of the transactions, all digitally signed and encrypted.
A smart contract is a computer protocol designed to digitally facilitate and authenticate a transaction between two parties under certain conditions.
The new integration unites the most powerful and widely used tools into one interface to allow real estate professionals to easily and more securely manage transactions digitally from start to finish while providing a superior experience for buyers, sellers, and other parties to a transaction.