Smart Contracts and Programmable Money
One of the fields of application for blockchain is smart contracts. This involves creating programs that can handle money automatically. When creating a contract, certain conditions or criteria are defined. That must be met, and the actions (transactions) that are triggered when the criteria are met. When a transaction is made between two parties, the program verifies that the product/service has been satisfied, and only if the criteria are met is the amount of money transferred to the supplier’s account. In this way, a real-time escrow service is obtained with a near-zero operating cost.
If you are interested in smart contracts
I recommend you take a look at the Codius project [4]. It is an open source platform for hosting smart programs that manage contracts, cryptocurrencies algeria phone number data or other assets. Another project that seeks to establish a platform for decentralized applications is Ethereum [5], which involves a new cryptocurrency, a programming language and a new browser designed for this protocol.
Intellectual Property Management
Another interesting application of blockchain is to share and manage the use of intellectual property.
For example, ascribe [6] is a service that uses the Derlis Ciciolli bitcoin blockchain to enable artists, galleries, and collectors to register, transfer, and archive digital art. Artists register their works in a distributed intellectual property registry that is publicly Denmark Telemarketing Leads accessible. The works are stored in the cloud and credited to the artist. Each version of the work is given a unique cryptographic identifier that is inseparable from the original version.