Smart contract means an event-driven program, with state, that runs on a distributed, decentralized, shared, and replicated ledger and which can take custody over and instruct transfer of assets on that ledger.
Smart contract means a computer program stored in an electronic ledger system wherein the outcome of the execution of the program is recorded on the electronic ledger;
Smart contract means an event-driven computer program, that executes on an electronic, distributed, decentralized, shared, and replicated ledger that is used to automate transactions, including, but not limited to, transactions that:
Examples of Smart contract in a sentence
A Smart contract is always made between two parties, one specifying the contract and the other executing or paying for it.
Smart contract is represented in the Ethereum envi- ronment by an account which consists of a unique address and account state with the amount of Ether (balance), storage, and code hashes respectively pointing to- ward storage memory in EVM and the contract code in Blockchain ledger as shown Fig 1.
Smart contract technology promises simplification and automation of compliance procedures for insurers (Collomb et al, 2016).
A Smart contract can be implemented in different programming languages.
More Definitions of Smart contract
Smart contract means a form of technology arrangement consisting of -
Smart contract means a form of technology arrangement consisting of a computer protocol or an agreement concluded wholly or partly in an electronic form, which is automatable and enforceable by computer code, though some parts may require human input and control and which may be enforceable by ordinary legal methods or by a mixture of both;
Smart contract means the computer code which is executable in an Ethereum Virtual Machine and validated by the Blockchain, and used to digitally create and maintain the ledger data reflecting the ownership, transfer and transactions of Security Tokens of the participants on the Platform.
Smart contract means software code that:
Smart contract means a blockchain based computer protocol intended to facilitate, verify, or enforce the negotiation or performance of a digital set of agreed upon terms, or contract;
Smart contract means a transaction which is comprised of code, script, or programming language that executes the terms of an agreement, and which may include taking custody of and transferring a digital asset, or issuing executable instructions for these actions, based on the occurrence or nonoccurrence of specified conditions.
Smart contract means a computer program used for the automated execution of an agreement or part thereof, using a sequence of electronic data records and ensuring their integrity and the accuracy of their chronological ordering;