Smart contracts: Blockchain takes on the legal sector
With smart contracts, Blockchain has been enhanced beyond its ability to simply record transactions. One can now use Turing-complete languages such as Solidity, Serpent and Golang to write complex business logic that is deployed and runs on the chain itself. In addition, smart contracts act as state transition and persistent storage systems that manipulate data as per business requirements, and have access to environmental information e.g. block timestamp and sender balance. Continue reading
If the first generation of Blockchain platforms was defined by the transaction-based distributed ledgers such as Bitcoin, the next generation is clearly defined by the advent of Smart Contracts.
Gartner’s 2016 Hype Cycle for Emerging Technologies identifies three key trends and one of these is “Platform Revolution”. It is believed that these technologies have the potential to be game-changers in the way business ecosystems are run today. A key technology identified in this paradigm is the Blockchain.
Blockchain is a disruptive technology which creates a new secured exchange model for financial transactions. It eliminates third parties and it combines cryptography, a shared register and a distributed consensus, on the internet. Blockchain’s disruptive impact is a real mid-term reality. Its peer-to-peer exchange, irreversibility and authentication features could shake up the trusted thirdparty banking model. Continue reading
A Blockchain is the data structure that underpins Distributed Ledger Technology. Thanks to its cryptographic process, a Blockchain allows trust-based transactions between any two participants to take place, without physical contact and without either side knowing the other’s identity. Continue reading
Bitcoin, blockchain, smart contracts–these are three terms that have recently been given more and more media coverage. According to the Süddeutscher Zeitung (“South German Newspaper”) a veritable “fever” has broken out around the supposedly new technology. But the concept is not so new. Continue reading
At Sopra Steria we often talk about a world ‘beyond digital’. This is so that we can help our clients to prepare themselves and their organisations for the challenges they are likely to face looking out three to five years into the future. Continue reading