Eris: Using Blockchain Technology to Create Smart Contracts
Eris Industries, which was founded last year, aims to use blockchain technology to create a shared software database. According to the company, data management conducted using the public ledger can be applied to virtually any business process. "The biggest misconception is that we want to build stuff for banks. We're about providing developer tools for anyone and everyone to do whatever they want without our knowledge or consent," clarified Eris COO Preston Byrne. "We're an open-source company." Smart Contracts Using Blockchain Technology. The concept behind this was produced in an effort....
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Following the production launch of the smart contract platform Ethereum, the industry is set to become a more active hotbed for experimentation. However, Ethereum isn't the only innovator in this area of the blockchain space. CoinDesk Research's 'Smart Contracts' report takes a deeper dive into the subject, moving past the hype to provide readers with a comprehensive overview of how the technology is being shaped by today's innovators and explored by enterprise businesses. The 28-page offering explores the concept from its early formations more than a decade ago, while providing insight....
These days we hear a lot about multinational corporations entering the blockchain space via partnerships with each other. Less known are the blockchain companies, who do not have ties to multinationals, partnering with each other to push blockchain technology. Last week, Eris Industries selected Ledger as its hardware security partner in the pursuit of bettering the security of critical workflows – that is, back-office processes, a target of many blockchain projects – and protect its blockchain-based infrastructure. Ledger, a blockchain security provider, offers hardware solutions for....
How seriously should you take a company with a marmot named Doug for a mascot? That has been the subject of debate surrounding Eris Industries and its blockchain solutions platform for some time. Founded in 2014, Eris has evolved to become one of the more novel projects in the blockchain space in terms of its operating thesis, officially launching in December with a goal toward a "1.0 release" this summer. In its short history, Eris has made a point to trumpeting its belief that bitcoin should be thought of as a shared software database, not as a network for sending money or value. In the....
Hackers are soon going to be the new lawyers as the adoption of smart contracts increase in the near future. The advent of Blockchain 2.0 and Blockchain 3.0 has given rise to new ways of automation using Bitcoin’s underlying technology. There are special cryptocurrency platforms like Ethereum, Rootstock, Counterparty, Lisk and more that allows people to create smart contracts on the blockchain. These smart contracts enable automation by allowing developers to set trigger conditions. These trigger conditions are certain prerequisites, when met, will execute the function programmed on the....
On January 4, GM tweeted news of its collaboration with Lyft to create self-driving vehicles. This announcement came as the industry was awaiting Ford and Google to announce a partnership for self-driving vehicles this week. Both of these projects promise ripe grounds for smart contracts, blockchain-powered contracts that can tie IoT and vehicle finance together. Smart contract auto leases were among the first applications announced in 2015. Self-driving cars have to potential to be strong vehicles for smart contract technology. Auto finance contracts are particularly suited to smart....