Скачать или смотреть Blockchain: Smart Contracts

Smart contracts are not necessarily contracts in the legal sense, but rather computer protocols that exist alongside the blockchain. They are pieces of code written to autonomously transfer digital assets if an event was to occur.

For example, if your flight gets delayed and you are entitled to compensation, your insurer can anticipate that scenario and write a smart contract for the blockchain that immediately releases payment to your account once the airline reports the delay. There is no bureaucracy and no leeway for the airline to refuse payment.
The issue with smart contracts is ensuring the inputs from the outside world through interfaces called ‘oracles’ are correct and authentic.

You can learn more about blockchain and its applications to financial services in other videos here: https://financeunlocked.com/blockchai...

Igor is the author of “Blockchain Babel: The Crypto-Craze and the Challenge to Business.” The book was a Financial Times Book of the Month and a finalist in the Bracken Bower Prize. He has published more than 50 articles on blockchain and financial technology. Moreover, Igor is the Head of Marketing and Product Management for BNP Paribas Personal Finance in Austria.

You can find more of Igor Pejic’s videos here: https://financeunlocked.com/expert/ig...

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