Sentences with phrase «run smart contracts programmed»
Technology built by Chain, Eris Industries, Ethereum, IBM and Intel were used to run smart contracts programmed to facilitate issuance, secondary trading and redemption of commercial paper.
https://thenextweb.com/ Not exact matches
«Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.»
The settlement layer will have a unit of account, while the control layer will run smart contracts and will be programmed to recognize identity, assisting compliance.
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).
Ethereum is a decentralised platform that runs smart contracts — applications that run exactly as programmed, without any possibility of downtime, censorship, fraud or third - party interference.
The ConsenSys integration with Microsoft uses smart contract programming language Solidity to let developers run programs on the Ethereum network, also called the Ethereum Virtual Machine (EVM).
It is a decentralized platform, which is capable of running smart contracts and applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third - party interference.
The small computer programs being run are called smart contracts, and the contracts are run by participants on their machines using a sort of operating system called a «Ethereum Virtual Machine».
Smart contracts are computer programs that are shared between participants and then run independently, simultaneously (ish), then automatically cross-checked.
Smart contracts: A piece of software that runs on a blockchain platform and is programmed to automatically complete transactions based on specific circumstances.
The smart contracts or Dapps (Decentralized Applications) are autonomous computer programs running in the Ethernet blockchain that allow fast cash transactions around the world.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third - party interference.
«Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.»
According to the definition on their official website, smart contracts are «applications that run exactly as programmed without any possibility of downtime, censorship, fraud, or third - party interference.»
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.These apps run on a custom built blockchain, an enormously powerful shared global infrastructure that can move value around and represent the ownership of property.
Bitcoin is a store of value and payment system and the most valuable cryptocurrency Ethereum is a programming language and decentralized platform that runs smart contracts — A World Super Computer that would decentralize and democratize the existing client - server model What...
Solidity is a javascript - like programming language designed for developing smart contract programs that run on the Ethereum Virtual Machine (EVM).
Smart contracts are programs that run on the Ethereum blockchain.
Put simply, Ethereum is software that is running on a distributed network of computers which ensures that smaller programs (called smart contracts) are replicated and executed across the network.
The official Ethereum website defines Ethereum as «a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.»
These smart contracts run exactly as they were programmed, without any scope for fraud, censorship, or third - party interference.
Ethereum is a decentralized blockchain protocol that executes smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.