Sentences with phrase «such as smart contracts»

Based on Ethereums client, Rootstock will use its Virtual Machine to implement 2.0 services such as smart contracts.

As described by R3 head of research Tim Swanson, the report was commissioned due to the volume of requests the startup was receiving from its banking partners for information on Ethereum and its novel and highly publicized features such as smart contracts.

Long in the doldrums, litecoin has seen a resurgence since its community moved to activate Segregated Witness (SegWit) on its network early in May — a scaling solution that also opens the door to new features such as smart contracts going forward.

Additional features such as smart contracts will run «in a week or so,» developers add, while future plans include Lightning Network integration and «increasing security.»

Beyond China, the main potential is in how NEO can better integrate with real - world applications, particularly those that require confirmation of identity, such as smart contracts.

In short, through the ACES Project (Ark Contract Execution Services) the ARK network can interact freely with Bitcoin, Ethereum and Litecoin blockchains via its genius SmartBridge technology, giving ARK the immense power to utilise their features, such as Smart Contracts which are the bread and butter of the Ethereum Network.

Currently in its alpha stage, WINGS will provide the necessary tools for the creation, vetting, valuation, promotion, funding, and decision making of decentralized projects using innovations such as smart contracts and forecast markets — a no - loss cousin of the much hyped prediction markets.

As a bonus, it also means these apps will be ready to support much more sophisticated features in the future, such as smart contracts, the Lightning Network and other payment channel solutions.

Every state, whether real or virtual, can set up its own currency that's managed by its «central bank» - using a format, for example, such as smart contracts, which analyse economic performance stats and use them to establish monetary policy.

The crash should be welcomed because it will focus the energy currently devoted to Bitcoin on more useful and sustainable blockchain applications such as smart contracts.

It should face many challenges that might rock the foundations of the rule of law, such as smart contracts, A.I. regulation and code - as - law issues.

If such provisions require firms to utilize blockchain technology such as smart contracts on certain types of matters, firms must ensure they have the appropriate technology and administrative solutions in place to comply.

Confideal boasts a vibrant ecosystem where the core features of the integrated platform, such as smart contracts and arbitration, unite to form an application that is far more than just the sum of its parts.

Buterin ultimately proposed a revolutionary platform with a «more general scripting language» that allows anyone to build programs such as smart contracts, financial agreements, personal identity registries, and much more.

Not exact matches

These include allowing users to create new asset classes, such as stocks or other ownership certificates, and create a variety of automated «smart contracts.»

Some proponents of ICOs argue that the offerings are not securities because recipients can use the tokens they receive to participate in online activities, such as obtaining cloud computing storage or using a smart contract network.

But a staff analytical paper from the Bank of Canada is peeling back the layers of blockchain's proposed advantages and suggests most of its assets actually come from more - conventional technologies such as encryption and smart contracts.

In practice, this means that the protocol tokenizes real - world assets and uses ethereum smart contracts to ensure that investors can execute trades only if they satisfy pertinent regulations, such as know your customer (KYC) and anti-money laundering (AML) requirements.

Now if you're talking about a different protocol / application to be used for smart contracts and such (i.e. not as a currency), then I get it.

Anytime a user wants to execute a smart contract or send ether to another user on the network, there needs to be confirmation and recordation of such event — such task is not executed by a centralized server or company per se, but by thousands (and growing) of computers around the world — known as Proof - of - work (PoW).

Through the Superset platform, users also have the opportunity to replicate other successful ICO's that have already been launched, or create anything else that smart contracts allow for, such as automated companies.

When blockchain first appeared, especially Ethereuem's innovation of «smart contracts», a number of people posited that it could be used to trade energy between one source and another, such as power supplies or batteries.

As such, Mueller, who created it in an effort to eliminate the major vulnerabilities in ethereum smart contract code that have led to the loss of millions of dollars in ether, built Mythril to find the faults in smart contracts so that malicious actors won't be able to later.

Presumably with the way in which the Abra smart contracts work mean that in future you might be able to transfer to other stores of value (thinking specifically of precious metals such as gold or silver) in order to hedge both crypto and fiat currency risk?

Other digital currencies such as ethereum are better designed for programmable «smart contracts» and have quicker transaction times versus bitcoin.

He shared examples such as eSports and trustless betting, where smart contracts are used to control wagered funds and then self - executes to distribute winnings without a need for an escrow agent, and tokenization of in - game money and items.

The blockchain platform, however, will also allow companies to track orders and use smart contracts to automatically trigger payments on specific events, such as an invoice notification or delivery being recorded.

The ICO will issue utility tokens, which can be used for platform services, such as purchasing subscriptions or running a smart contract.

People use it for standard blockchain - related procedures, such as lifting a smart contract, but it also has the capability, technologically speaking, of being used as currency, in the way of fiat money.

You will learn the core concepts in the blockchain such as hash functions, mining, Merkle trees, smart contracts, and tokens.

ClaaS is designed to help schools: · Maximise their budget with savings that can amount to as much as 40 percent when compared to an outright purchase · Release capital from their existing IT assets to help finance their new ClaaS subscription · Receive ongoing servicing, training and maintenance which is covered by the agreement, ensuring schools and teachers get the most from technology · Add more equipment and services as and when required · Potentially include other equipment and services such as; tablets, PCs, printers and Wi - Fi from other best of breed suppliers · Build in a regular refresh to ensure they always have the latest learning technology · Be flexible: choose a convenient term length (for example: 3, 4 or 5 years) with the ability to renew the contract, negotiate a new contract or end the contract at the end of the original term Jane Ashworth, UK Managing Director, SMART Technologies commented: «We are thrilled to announce Crystalised as our third distributor in the UK, effective October 1st.

(AP)-- Verizon Wireless on Thursday announced it's opening up access to smart phones for customers who prepay for service, such as people with poor credit and those who don't want to be tied down by long - term contracts.

Though almost every PC maker suffered from the contracting demand, many of HP's competitors such as Samsung and Lenovo were smart enough to foray into smartphone and tablet markets.

Other digital currencies such as ethereum are better designed for programmable «smart contracts» and have quicker transaction times versus bitcoin.

It's all good news for smart and eager professional publishers, with such impressive examples as Bloomsbury Professional recently winning an important publishing contract with PricewaterhouseCoopers, it previously having been held by CCH (WK).

What if you could machine - code a contract, such as a pre-nuptial agreement, and have the contract itself be smart enough to understand that certain life changes — separations, divorces, children — require that the contract be updated.

Yet, there are no lawyers explicitly invited to advise on the smart contracts people are placing on blockchain platforms such as Ethereum, and if there is a dispute it is solved by a lay panel of arbiters, which again may include no lawyers at all.

He coined the term smart contract for such agreements and began to define cryptographic protocols (which have come to be called blockchain) to serve as an infrastructure for «trustless» agreements.

This approach is far more intelligent and extensible than smart contracts as they are currently defined, and as such, are called Intelligent Ccontracts as they are currently defined, and as such, are called Intelligent ContractsContracts.

The research aims to investigate the causes of sales tax non-compliance and examine how blockchain could tackle current problems with the use of smart contracts, recording real - time transactions and automatic tax submission to the Canada Revenue Agency, as well as look into the pros and cons of using blockchain for stakeholders (such as the CRA and taxpayers).

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.

And, finally, what do you see as the barriers to wider acceptance of smart contracts and contract languages such as L4?

In principle, any contract provision can be made «smart», essentially by being reduced to an «IF / THEN» statement where the input of specified data triggers an agreed result, such as release of a payment.

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.

As outlined in the metronome white paper, one of the chief selling points of the token is that it boasts «zero founder control» after its launch, and as such, is resistant «to the whims of individual or community discord» by functioning as a series of smart contractAs outlined in the metronome white paper, one of the chief selling points of the token is that it boasts «zero founder control» after its launch, and as such, is resistant «to the whims of individual or community discord» by functioning as a series of smart contractas such, is resistant «to the whims of individual or community discord» by functioning as a series of smart contractas a series of smart contracts.

SegWit activation also boosted development work on other features such as MAST (which enables more complex bitcoin smart contracts), Schnorr signatures (which would enable another transaction capacity boost) and TumbleBit (an anonymous top - layer network).

While not a critical problem for bitcoin, it prevented the development of more complex features such as second - layer protocols and smart contracts.

Blockchain, more recently, has allowed the conception of smart contracts on platforms such as Ethereum.

These are the so - called «smart contracts» that are pieces of computer code that are executed if a pre-established condition occurs, such as, for example: Team A won, so those who gambled on team A are paid automatically.

To warm up before the more technical presentations, ethereum creator Vitalik Buterin will briefly break down the smart contract blockchain's core components, describing technical terms such as «uncles» and «gas» and what they mean for the network.