Smart Contract. This Agreement is created through the use of an Ethereum smart contract at otoco.eth. Any amendments to this Agreement shall only be valid if made on the strongest chain of the Ethereum main blockchain at the time of the amendment and under the conditions of this Agreement. Any signature or execution made through the use of private keys on the blockchain for any matters relating to the Company shall be valid, as if signed in writing.
Smart Contract. This smart contract is responsi- ble for receiving a booking request, making sure that appropriate deposits have been made by both the owner and the consumer, handling cancella- tion requests, dealing with fraudulent activities, and a smooth rental procedure in general.
Smart Contract refers to a decentralized platform that enables transactions on the data on the Blockchain network in a predetermined flow and verified by a secure computer network. Such contracts, which are not legally binding, are uploaded to the blockchain network by signing cryptographically by agreeing on the content of the chain.
Smart Contract. A smart contract [14] is a program that is executed by the consensus participants and its execution results are stored on the blockchain as new transactions. In other words, smart contracts allow blockchains to run arbitrary applications rather than a single specific application (such as digital currency in the case of Bitcoin). Smart contracts enable the implementation of new types of applications that benefit from the advantages of blockchain technology. Compared to traditional contracts and financial applications, smart contracts can enable better business automation (a smart contract can be executed automatically by the blockchain system when its execution conditions are met), increased transparency (the business logic and transaction correctness can be verified by anyone from the chain), high availability (the contract’s execution cannot be prevented by a single contract participant), and better privacy (business partners can enter contracts without using or revealing their real identities). Blockchains such as Ethereum and Hyperledger Fabric use smart contracts to store data on the chain. The Layer 1 software implements a virtual machine that runs the instructions contained in the smart contract. To store data on the blockchain one must write a smart contract that takes a data input and creates the transaction that gets stored on the chain. Smart contracts can be created and added to the blockchain at any time.
Smart Contract. Smart contracts are simply programs stored on a blockchain that run when predetermined conditions are met. They typically are used to automate the execution of an agreement so that all participants can be immediately certain of the outcome, without any intermediary's involvement or time loss.
Smart Contract. This Agreement is created through the use of an Ethereum smart contract at
Smart Contract refers to a computer program that operates with distributed ledger-based technologies and whose execution automatically joins two or more parties based on predefined effects. Smart contracts satisfy the requirement of the written form subject to the computer identification of the interested parties.
Smart Contract. 19 3-2. TIMEBOX OPERATION 20 3-3. OPEN SOURCE 22 4. OUR TEAM 23 5. FUTURE AND FOLLOW-UP WORK 36 6. RISK MANAGEMENT 38 6-1. RISK MANAGEMENT 38 6-2. CRYPTO-CURRENCY RISKS 39 6-3. TIMEBOX PROJECT RISK 40 6-4. KNOW-YOUR CUSTOMER (KYC) POLICY 41 6-5. ANTI-MONEY LAUNDERING ("AML") AND COUNTER TERRORIST FINANCING 43 ("CTF") POLICY
Smart Contract. A smart contract is an executable code that is triggered when predefined conditions are met. Despite smart contracts not being new to the research community [20], they have
Fig. 1. A high-level architecture of existing blockchain-based smart home systems. Domestic appliances are controlled by one or more low-cost, resource-constrained processing units. Processing units can connect to the blockchain network using light clients through a gateway or proxy. Users can interact with the blockchain network to read/record different parameters re- quired by smart-home applications, e.g., threshold values of temperature, light intensity, etc. Processing units can receive directives from the blockchain, e.g., whether to turn a light on/off, etc. gained renewed attention after blockchains supporting them have been introduced — Ethereum 1 being the most signif- icant. Functions in a smart contract are executed when a transaction calling that function is successfully added to a mined block. In this way blockchains allow business logic to be executed based on data stored securely in the blockchain.
Smart Contract. For the purpose of recording the ownership of the Cryptocurrency Right created under the Agreement BSX, Token Issuer generates a Smart Contract. This Smart Contract facilitates the direct transfer of the Cryptocurrency Right created to an individual or an entity that makes the payment for the Token representing the ownership of the Cryptocurrency Right created under the Agreement K003-2017 (the “Token Holder”).
