Sentences with phrase «used in smart contract»

NEO (formally Antshares) hopes to digitize many types of assets which were formerly kept in more traditional means, and therefore make it possible to use them in smart contracts.

They aim to digitize many types of assets which were formerly kept in more traditional means, and therefore make it possible to use them in smart contracts.

Panel discussions will cover blockchain and smart contract fundamentals, plus related issues including financing for blockchain projects, public versus private alternatives, the pros and cons of XBRL use in smart contracts, and other topics.

Not exact matches

In addition, Smart Contracts are capable of processing conditional logic, and with it, the Blockchain is used as an escrow system.

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.

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.

These products or services typically use a Blockchain, and, in turn, the typical investment product in an ICO (a «coin» or «token») uses a Blockchain and «smart contracts» to govern some part of the relationship between the company and its investors, establishing to what the investor is entitled.

Coincheck personnel also told attendees that the only assets stolen were NEM tokens; that it intends to work on refunding stolen customer funds, at least in part, though it is not yet sure how it might do this; and that the exchange had not been using NEM's multi-signature smart contract, which could have enhanced security.

A system called Raiden is in development that will use Ethereum smart contracts to increase the maximum speed to as high as one million transactions per second.

Siacoin was created at MIT in 2013 and uses smart contracts for transactions between parties.

«Additionally if these estcoins are issued on top of a blockchain (they could possibly be issued in multiple formats at the same time, nothing wrong with this) then it would become easy and convenient to use them inside of smart contracts and other applications,» Buterin said in his blog post.

ADA calls itself the first third - generation cryptocurrency and aims to tackle scaling and infrastructure problems that first cropped up in bitcoin, a first - generation cryptocurrency that introduced the idea of digital coins, and ethereum, a second - generation cryptocurrency that expanded use cases for coins to smart contracts.

These smart contracts are used in a huge range of applications from insurance to real estate.

The demand for Ethers will always be on the rise for as long as it allows blockchain startups raise funds for their projects through the use of Smart Contracts in Initial Coin Offerings

With a smart contract functionality, the BCH chain can be used to program autonomous actions like dispersing BCH to your children or spouse at a later date in time.

It aims to address issues in the use of smart contracts for business supply chains, as well as looking at privacy and safety for companies using the blockchain to make business records uneditable and to move processes online.

Award - winning workflow engine and document generator, Swiss - based Proxeus announced on Monday that it has hit a milestone by legally registering a company in record time using digitized workflows and smart contracts.

For examples to do with cryptocurrency, someone might develop an app that lets you put a couple dollars on it in the morning, and will then micro-loan it out throughout the day to make a few cents» profit, using a system of smart contracts.

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.

TGTCoin is a closed - end fund built using smart contracts that uses Machine Learning, Technical Analysis and Big Data to invest and trade in the blockchain technology and gives full transparency to the investors.

Remarkably, the campaign will use a ready - made solution by Blockstarter, a company that develops an «ICO erection set» with user - friendly interface that enables setting all campaign parameters in a few minutes, which includes smart contracts.

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.

The Smart Contracts will use the blockchain technology through Eternal Trusts when the scientists working with the company make relevant developments in cloning, storing and utilizing stem cells as required by the customer.

The platform uses Ethereum blockchain and smart contracts to eliminate complexities encountered in the industry.

TEAM SHALL BE LIABLE FOR ANY INDIRECT, INCIDENTAL, SPECIAL, EXEMPLARY OR CONSEQUENTIAL DAMAGES, INCLUDING FOR LOSS OF PROFITS, GOODWILL OR DATA, IN ANY WAY WHATSOEVER ARISING OUT OF THE USE OF, OR INABILITY TO USE, OR PURCHASE OF, OR INABILITY TO PURCHASE, CTK, OR ARISING OUT OF ANY INTERACTION WITH THE SMART CONTRACT IMPLEMENTED IN RELATION TO CTK.

ETH is used as a function - type asset to facilitate the execution of smart contracts, which in turn form the critical components of decentralized applications.

The creators and content owners can more effectively manage digital rights — smart contracts will allow to do it automatically renewing contracts, common in digital subscription services that use smart - contracts on the basis of the blockchain.

RxEAL is a solution for eliminating a growing number of unfair withholdings of funds from the security deposit at the end of the rental agreement by providing an interface to engage in these activities using smart contracts requiring no technical knowledge.

A new bug was found in more than a dozen ERC20 smart contracts, which is a standard used by most tokens issued on Ethereum's platform.

If that is the case, then it was smart for U.S. Silica to lock in customers with contracts that ensure those new facilities will be used.

In this video, you will find out about the inner workings of the eCoinomic.net platform: how eCoinomic.net uses smart contracts to enforce security and transparency of all financial transactions, how the system manages collateral assets and how crypto owners can get fiat loans using eCoinomic.net.

For example, Nevada is contracting with BenefitWallet, a subsidiary of Xerox that specializes in flexible spending accounts, to provide families with a way to use their ESAs via a website or smart - phone app.

I've recently set up a Café called Café Grundeinkommen and I am currently working on a smart - contract based cryptocurrency project called Circles that will be used in the Café.

Using these smart contracts, marketers and influencers will be able to transparently and verifiably collaborate while giving each participant the right financial incentives to participate in the ecosystem.

It contemplates the use of smart contracts build on Ethereum to facilitate the purchase of accounts receivable in order to finance small or medium enterprises.

Beyond being a stand - in for money, other tokens and coins are used for their utility, like smart contracts on the Ethereum network.

Confideal, which is based in Ireland but headed largely by a Russian team of blockchain experts, is seeking to create a platform that will attract individuals, SMEs and large corporates to conduct international deals using its self - executing smart contract system, but with the reassurance that any disputes will be properly dealt with by trained lawyers.

First, your clients may jump at the opportunity to use a smart contracts while the technology stays in its legally questionable state, and rely on lawyers to clean up messes through litigation and other forms of resolution.

For example, in June 2016, the smart contract that was used for The DAO (decentralized autonomous organization; a sort of digital venture capital fund) was exploited to allow a user to siphon funds away from the organization.

In many ways, smart contracts are best used where one party makes a «general offer» they are willing to accept either infinitely or a specified number of times.

Using smart contracts — Law firms can use Blockchain technology to manage smart contracts, leveraging information and documents stored in Blockchains to support legal agreements.

It also no doubt is a result of a huge rise in legal tech start - ups around the world, hoping to tap into a new wave of interest among lawyers to use ground - breaking technology, whether AI or smart contracts.

For instance, a professional Rugby player in Australia is currently building a blockchain smart contract tool to manage third - party endorsement contracts for athletes, where the technology would use distributed software and the bitcoin blockchain to verify an athlete's endorsement performance and immediately issue payments upon performance, eliminating the role of centralized authority or court in resolving contract performance disputes.

Artificial Lawyer doesn't often present standalone videos, but given the huge interest at the moment in smart contracts and the use of blockchain tech in the legal world, sharing this video by Agrello about how their platform will work seems appropriate.

Regulators will also be interested in how the use of blockchain and smart contracts affects firms» risk profiles.

In between the two extremes on the smart contract spectrum, it is likely that more modest, but achievable, use cases will emerge.

Having said that, there is a great deal of technology and entrepreneurial «digital fuel» being thrown at this area at the moment, so in - house counsel would be wise to track developments and to ask to be involved in the consideration of a business's use cases and proof - of - concept deployments for smart contracts at an early stage.

Technology can be used in any number of different ways to improve and enhance the relationship between corporate buyer and lawyer, not only in the ways described above (i.e. procurement and fee models) but also in the transfer of important documents or in the deployment of smart contracts.

The most prominent use of Blockchain technology in legal is smart contracts.

Using HotDocs» world leading cloud technology, LawHawk makes law and procurement faster and better through advanced automated legal templates which can create customised legal documents - real smart contracts - in minutes.