Abstract
There is a buzz of excitement surrounding smart contracts, with considerable speculation about the role they will play in changing the face of e-commerce. To back this up, there has been significant investment in smart contract technology from small organisations as well as much larger consortia.
This is a preview of subscription content, log in via an institution.
Buying options
Tax calculation will be finalised at checkout
Purchases are for personal use only
Learn about institutional subscriptionsNotes
- 1.
The programming language for Ethereum is called Solidity and is classified in computer science terms as ‘object oriented’. In other object-oriented programming languages, the common terminology is ‘class’, instead of contract.
- 2.
Test this for yourself by looking at the code written by one of the funders of Ethereum at https://etherscan.io/address/0x972a2da1f9d1dc0b01d313e52ffe916bb5e9a2c1#contracts.
- 3.
See https://slock.it.
- 4.
OTC contracts are privately negotiated and traded, meaning that the parties decide their terms without going through an exchange (or other intermediary). Financial products, such as swaps, forward rate agreements, exotic option and so on, are almost always traded in this way.
Author information
Authors and Affiliations
Corresponding author
Rights and permissions
Copyright information
© 2020 The Author(s)
About this chapter
Cite this chapter
Vigliotti, M.G., Jones, H. (2020). Smart Contracts. In: The Executive Guide to Blockchain. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-21107-3_8
Download citation
DOI: https://doi.org/10.1007/978-3-030-21107-3_8
Published:
Publisher Name: Palgrave Macmillan, Cham
Print ISBN: 978-3-030-21106-6
Online ISBN: 978-3-030-21107-3
eBook Packages: Business and ManagementBusiness and Management (R0)