Smart contracts and machine
A smart contract is a computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract.
How do ethereum smart contracts work? - coindesk.
Smart contracts allow the performance of credible transactions without third parties.
Smart contracts reference that property in a dynamic, often proactively enforced form, and provide much better observation and verification where proactive measures must fall short.
Smart contracts - blockchainhub - blockchain, smart.
This allows users to create arbitrary ownership rules, transaction formats, and state transition functions 19.
2017 georgetown law technology review 307 the article begins with a definition of smart contracts and an explanation of the interplay between legal prose and machines.
The ethereum virtual machine then executes smart contracts in bytecode, or a series of ones and zeroes that can be read and interpreted by the network.
Nick szabo -- the idea of smart contracts - uva.
Smart contracts the blockchain technology that will replace lawyers.
Among these entities, the so-called oracles inject data that is relevant to the smart contract from the on-chain world into the smart contract information store.