Smart Contracts
= Smart Contract is a formalisation of contractual relations
Applications
Time Banks
Rogelio Segovia:
"On Ethereum, you can manage on the Blockchain transactions, as in other cryptocurrencies, but also contracts managing these transactions. These contracts can be written in several languages (serpent, LLL and other specific ethereum languages). The creation of local or global currencies is therefore very much simplified." (email October 2014)
More Information
- first theoretization by Nick Szabo: