Also, one other point is that as lawyers and vendors work more closely with
smart contracts on a blockchain such as Ethereum, which may involve a token with a currency value, such as Ether for example, then opening up to «retail» payments in digital currencies may become part and parcel of doing business in the legal sector.
I.e. much of what one sees labelled
as smart contracts on blockchain platforms such as Ethereum are very basic automated payment agreements, which although self - executing, and on one level are «contracts «as two parties have agreed to them, are in reality very far from the complex legal agreements that lawyers and corporates use, and upon which most business depends upon.
Agrello is an AI powered interface that helps users create and
manage smart contracts on the blockchain using a drag - and - drop interface allowing users to create their own custom smart contacts based on predefined templates.
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 transaction itself.
I often read commentary saying that
smart contracts on a blockchain can automate a business decision (an insurance payout, the results of a bet, etc)-- implying that basic business logic was somehow not possible before smart contracts.
Mobius claims it is the equivalent of stripe for blockchain, assisting developers to add any token into existing apps and connecting these apps or data logs to
smart contracts on the blockchain.
Stephan Tual: The underlying technology, especially how it relates to
smart contracts on the blockchain.
Tokens can represent anything that has been programmed into
a smart contract on the blockchain, which are basically any assets that are fungible and tradeable, from commodities to loyalty points to even other cryptocurrencies!
Our programmers help you set up
the smart contracts on the blockchain to implement your fundraising model and also with your website.