Smart Contract
[1] Karze, D. Klinger, P. (Senacor Karten)
[2] Heines, R. (2017): Blockchain Technology Applications: A Conceptual Framework from a Supply Chain Perspective
[3] ISO Standard
The term smart contract was especially defined by the distributed system Ethereum [1]. A smart contract is a computer program stored in a distributed ledger system, where the result of each execution of the program is recorded in the ledger.
Blockchain technology enables a contract to be concluded securely without requiring verification by a third party [2]. A smart contract can create a legally enforceable obligation under the laws of an applicable jurisdiction [3]. By securely excluding manipulation, processes defined in the smart contract can be independently triggered and executed. As a result, Smart contracts guarantee independence, decentralization and autonomy [2].
Beispiel für ein Smart Contract
