Blockchain Beyond Bitcoin: Smart Contracts and Identity
Blockchain Beyond Bitcoin: Smart Contracts and Identity Blockchain technology is not only about money. It also hosts smart contracts and identity tools that can change how we do business and verify who we are online. These ideas share a common goal: more trust with less risk and fewer middlemen. Simple programs and standards can empower individuals and small teams alike. Smart contracts are self-executing agreements that run on a blockchain. When a set of conditions is met, the contract triggers actions automatically. For example, a rental agreement could release a security deposit after move-out checks, or a supplier payment could be released when goods arrive and a receipt is recorded. Because the code is public, both sides can see the rules, and the blockchain records provide an auditable trail. ...