Monday, January 1, 2018

Smart contract technology set to transform commerce

The two companies are setting out to lead a new

technological approach to contract setting, and, in doing so position themselves as industry leaders.
RSK is an open-source smart contract platform that enables Bitcoin users and miners to become leaders in smart contract management. Etherparty is a contract electronic ‘wizard’ that sets out to remove the complexity of creating, managing, and executing smart contracts across multiple blockchains.
Commenting on the new service, in communication with Digital Journal, Etherparty chief executive, Kevin Hobbs said: “Smart contract technology will transform commerce in the years to come, especially considering the new and improved software this partnership will create.”
The technology entrepreneur adds: “Smart contract technology will transform commerce in the years to come, especially considering the new and improved software this partnership will create.”
Smart contracts are computer protocols intended to facilitate, verify, or enforce the negotiation or performance of a contract. The current interest in smart contracts stems from the fact these contracts allow business parties to perform transactions without third parties. Moreover, by deporting blockchain technology and cryptocurrencies these transactions are trackable and irreversible.

Read more: http://www.digitaljournal.com/business/smart-contract-technology-set-to-transform-commerce/article/511177#ixzz530544CKY