The Contract - an agreement between two or more persons
Smart contracts are computer protocols that facilitate, verify, or enforce the negotiation or performance of a contract, or that obviate the need for a contractual clause. Smart contracts usually also have a user interface and often emulate the logic of contractual clauses. Proponents of smart contracts claim that many kinds of contractual clauses may thus be made partially or fully self-executing, self-enforcing, or both. Smart contracts aim to provide security superior to traditional contract law and to reduce other transaction costs associated with contracting. Wikipedia
Design by contract
Design by contract (DbC), also known as contract programming, programming by contract and design-by-contract programming, is an approach for designing software. It prescribes that software designers should define formal, precise and verifiable interface specifications for software components, which extend the ordinary definition of abstract data types with preconditions, postconditions and invariants. These specifications are referred to as "contracts", in accordance with a conceptual metaphor with the conditions and obligations of business contracts. Wikipedia
Secure Asset Exchange
Smart Contracts: Binding agreements, verified through data and automatically enforced by technology
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Smart Contracts are a set of contractual clauses written in computer code; verified for performance based on data eg:bank transactions and enforced by technology rather than a legal system.
Smart Contracts perform this verification and enforcement near instantly; as soon as the relevant data signifies that an obligation has been met.
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This article will talk exclusively about objects existing in digital form, as Today it is impossible to imagine a clever contract exists in a different form. Read more...
Built-in scripting system for checking the validity of transactions, as well as some of its features. In the native language of such information did not come across to me because I bring a contribution. Read more...