Smart contracts

Smart contracts

Blockchain-based smart contracts are proposed contracts that can be partially or fully executed or enforced without human interaction. One of the main objectives of a smart contract is automated escrow. An IMF staff discussion reported that smart contracts based on blockchain technology might reduce moral hazards and optimize the use of contracts in general. But "no viable smart contract systems have yet emerged." Due to the lack of widespread use their legal status is unclear.

 

• 1History
• 2Structure
  • 2.1Blocks - Block Time - Hard Forks
  • 2.2Decentralization
  • 2.3Openness - Permissionless -  Permissioned (private) blockchain - Disadvantanges of Private Blockchain -BlockChain Analysis
• 3Uses
  • 3.1Cryptocurrencies
  • 3.2Smart contracts
  • 3.3Financial services
  • 3.4Video games
  • 3.5Energy trading
  • 3.6Supply chain
  • 3.7Domain Names
  • 3.8Other uses
• 4Types
  • 4.1Public blockchains
  • 4.2Private blockchains
  • 4.3Hybrid blockchains
  • 4.4Sidechains
• 5Academic research
  • 5.1Adoption decision
  • 5.2Collaboration
  • 5.3Blockchain and internal audit
  • 5.4Energy use of proof-of-work blockchains
  • 5.5Journals