SMART CONTRACT – DIGITAL AGREEMENTS
Technology has simplified our world in ways that were unimaginable in the past. We can instantly connect, we can travel faster, safer and cheaper in seconds. We can send a document, pay taxes or register a trademark - if technology has simplified so many things, why hasn't it simplified the way we make our agreements.
Blockchained agreements for open legal processes that will drive exponential growth in global networks. Blockchain and smart contracts present a unique market-making opportunity to turn legal processes into products. Blockchained agreements meets a ubiquitous, yet previously unaddressed, market for legal product at scale, whether through support of new commercial use cases, automation of traditional legal services, or designing innovative access to justice tools.
Automation is coming to law, meaning a sea-change for an industry accustomed to solving bespoke, individual problems rather than reproducible, systemic problems. Software products that enable scalable, compliant, automated and verifiable legal processes are necessary infrastructure for high-volume, valuable interactions and relationships.
DECENTRALIZED CONTRACT MANAGEMENT
ENTERPRISE BLOCKCHAIN CHALLENGES
Blockchained framework powered through the open source Consortium for developing Business blockchain Technologies hosted by the Linux Foundation, out of a varitiy of specific Frameworks from diverse Global communities collaboratively developed for open source projects, that uniquely approach Enterprise blockchain challenges. These Technologies can cross-channel and interoperate just like how the communities driving the Project's and collaborate in an open and neutral environment.
Through a permission smart contract interpreter developed partly to the specifications of the ethereum virtual machine, smart contracts provide the base functionality and computational muscle within Block Chain networks. Smart contracts are written in two lines of code and distributed across blockchain networks. They can be configured to manage processes, exchange value or perform calculations all without intermediaries.
Because of its lightweight and fast smart contract Focus design and the Byzantine fault-tolerant consensus algorithm with transaction finality, specific frameworks are optimized for sharing processes across organizations. State of the art smart contract engines operate as library for etherium virtual machine-based smart contracts.
ETHEREUM VIRTUAL MACHINE
State of the art smart contract engines operate as library for ethereum virtual machine-based smart contracts. If you wrote solidity contracts for the public ethereum network, this engines allows you to bring those smart contracts over the specific framework. This solutions helps organizations better meet their cross-functional business needs and opens the door for other blockchained projects to incorporate the ethereum virtual machine and to their platforms.
Contracts are fundamental to the global economic system, yet the way agreements are formed and monitored is slow and costly. The market is failing to be effectively served by a legal establishment geared towards the bespoke and high-value. Growing markets such as the networked economy need a way to access better legal services and tools that support the way modern commerce is evolving.
Blockchained agreements are built to enable new and more efficient forms of operating agreements via decentralised, distributed systems. It provides a technical platform enabling lawyers to productise their previously bespoke services. It uses blockchain and smart contracts technologies to provide consumers with a real-time view on their obligations. Active Agreements on the network allow businesses to visualize their risk in a compelling way.