Smart contract definition

Smart contract means an event-driven program, with state, that runs on a distributed, decentralized, shared, and replicated ledger and which can take custody over and instruct transfer of assets on that ledger.

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Smart contract means a computer program stored in an electronic ledger system wherein the outcome of the execution of the program is recorded on the electronic ledger;

Smart contract means a form of technology arrangement consisting of a computer protocol or an agreement concluded wholly or partly in an electronic form, which is automatable and enforceable by computer code, though some parts may require human input and control and which may be enforceable by ordinary legal methods or by a mixture of both;

Examples of Smart contract in a sentence

Any amendments to this Agreement shall only be valid if made with a Confirmed Transaction with the `setURI()` function of the Ricardian Smart Contract and as otherwise permitted under this Agreement and the Master LLC Agreement.
This Agreement is entered into through a Ricardian Mint and is otherwise documented in the `baseURI()` function of the Ricardian Smart Contract.
The name of the Company shall be CatDAO LLC unless otherwise stated through a Confirmed Transaction with the `setURI()` function of the Ricardian Smart Contract or through a Ricardian Mint.
Currently, the DAO treasury can be viewed via the Designated Smart Contract.
Any amendments to this TUNAA shall only be valid if made with a Confirmed Transaction with the `setURI()` function of the Ricardian Smart Contract and as otherwise permitted under this TUNAA.

More Definitions of Smart contract

Smart contract means an electronic record that is an event-driven program or computerized transaction protocol that runs on a distributed, decentralized, shared, and replicated ledger that executes the term of a contract, including but not limited to, taking custody over and instructing the transfer of assets.

Smart contract means a form of technology arrangement consisting of -

Smart contract means an event-driven computer program, that executes on an electronic, distributed, decentralized, shared, and replicated ledger that is used to automate transactions, including, but not limited to, transactions that:

Smart contract means an automated transaction, as defined in § 59.1-501.2, or any substantially similar

Smart contract means software code that:

Smart contract means the computer code which is executable in an Ethereum Virtual Machine and validated by the Blockchain, and used to digitally create and maintain the ledger data reflecting the ownership, transfer and transactions of Security Tokens and cash balances of the Participants on the Platform.

Smart contract means a blockchain based computer protocol intended to facilitate, verify, or enforce the negotiation or performance of a digital set of agreed upon terms, or contract;