#smart contracts

In his recent blog post on Medium Andrei Zamovsky, CEO and developer of Ambisafe, a company that has recently joined blockchain insurance platform Inchain, explains the operation of oracles in Ethereum, as well as their employment in insurance of events beyond blockchain.

Back In the 1980’s, Oscar-winning film director James Cameron predicted that by the year 2017 the Earth will be in ruins swarming with homicidal robots. Fortunately, this didn’t turn out to be true, at least for now. But what is actually going on with the robots today?

The idea of creating an insurance platform for the cryptocurrency industry has been on the front burner for a while. There are plenty of stories telling how blockchain and bitcoin related projects fail because of hackers, insufficient security or simply human errors. All these factors impede the industry’s development, scare people away, and cause mass […]

June 8, Ruben De Vries, one of developers of decentralized finance tools platform Counterparty has announced that testing the company’s new protocol for smart contracts, EVMParty, has successfully kicked off.

The bitcoin ecosystem is becoming the place for many financial startups. Still, finance is highly regulated field, so some legal firms try to catch the zeitgeist of 2016. ForkLog talked with the founder of law firm lexnet.io, Valentin Pivovarov to find out how jurisprudence keeps up with the times and why it’s great. What the […]

AIRA developers announced their projects for drone controlling with smart contracts in Ethereum network. The system allows a human to hire a drone for a job. The robot would act as an autonomous agent executing the contract on its own accord, and would receive payments for the rendered services.

In the year of 2015 one would hardly be surprised to hear “smart house”. Almost everyone knows that it refers to some electronic components incorporated in the infrastructure of an appartment, a house, or an office. They are to make our lives more cost effective, eco-friendly, convenient, and safe.

Recently we mentioned the things that hinder smart contracts from becoming our daily routine. Certainly, no smart contract can exist outside of its environment, where it can be created, verified, and performed. Certainly, Ethereum is a basic component thereof; however, a comprehensive environment shall include an interface for user interaction.

After the advent of cryptocurrencies specialists in business automation engaged in discussions on smart contracts as they deemed them the method to eliminate third parties and reduce operational costs for businesses. It is hardly surprising, because, in fact, a cryptocurrency transaction is particular case of a smart contract recorded in a public register unreservedly transferring […]

Professional communities discuss ways to implement decentralized technologies apart from finances. Opportunities and prospects of technologies underlying Bitcoin are still beyond fulfillment. One of the most promising ways of using the technology is implementing it within business processes of an enterprise both to optimize accounting, and assess efficiency of work and rewarding employees.