Smart Contract Sample Clauses

Smart Contract. This Agreement is created through the use of an Ethereum smart contract at

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. This Agreement is entered into through a Ricardian Mint. Any amendments to this Agreement shall only be valid if made with a Confirmed Transaction with the `setURI()` function of the Ricardian Smart Contract and as otherwise permitted under this Agreement and the Master LLC Agreement. Any signature or execution made through the use of private keys on Ethereum for any matters relating to the Master LLC or a Series LLC, including, but not limited to, a Ricardian Mint or Ricardian Revocation, shall be valid, as if signed in writing.

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 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. The Parties agree to be bound by the programming code deployed to the Ethereum Virtual Network as specified in the address on the header.

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 refers to Ethereum smart contract.