Meanings of smart contracts in English

Bitcoin SV supports the building of business applications that support smart contracts.

Writing solutions, developing code and working on smart contracts are part of our training.

Protocols can be defined via smart contracts, and only execute once conditions are definitively met.

But he says the attacker probably exploited a programming mistake that's exceedingly common in smart contracts.

Another developing area in insurtech is smart contracts, which use blockchain technology to convert standard contracts into code.

And, by using so-called smart contracts, the owner of information can easily tweak who has access to what.

However, the fundamental nature of smart contracts presents a number of regulatory and compliance hurdles under existing insurance laws.

Payments powered by Blockchain and smart contracts will also be tested, to guarantee the full transparency of the process.

Mariano Conti, head of smart contracts, said he hoped the foundation could cease to exist within two to three years.

A good example of smart contracts' potential is in connection with parametric flight delay insurance policies that run on a blockchain.

In addition, the immutable and often irreversible nature of smart contracts could pose challenges in the context of insurance delinquency proceedings.

But like all software, smart contracts do exactly what their makers program them to do-andsometimes those programs have unintended consequences.

For insureds, the implementation of smart contracts could remove key pain points in the claims filing process while reducing claims handling expenses for insurers.

Others already developed include Ethereum, a decentralised platform for smart contracts that run as programmed, without any possibility of downtime, censorship, fraud or third-party interference.

The DAO helped raise awareness of the idea of smart contracts, which Sirer thinks will eventually become extremely important to how the world conducts transactions.

Smart contracts Bitcoin may be the best-known application of the blockchain, but it's just the start.