Lightning’s Elizabeth Stark: 2017 Will Be the Year of Smart Contracts
We met with Elizabeth Stark in Helsinki where over 17 thousand people gathered for the major two-day Northern European startup event. The Slush conference, aptly named after the weather conditions that couldn’t prevent startup enthusiasts and investors from coming, was held in the biggest exhibition space in the Finnish capital city but at some panels you didn’t even have any elbow room. Bitcoin evangelists and Blockchain practitioners drew out record-breaking crowds, with Elizabeth Stark, a recognized leader on the future of technology, always in great demand. Elizabeth Stark is a....
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In what could potentially be one of the first deployment of smart contracts in the corporate sector, IBM comes together with Bank of Tokyo-Mitsubishi UFJ (BTMU) to examine the design, management and execution of contracts among business partners using Blockchain technologies. IBM and BTMU plan to automate business transactions using Blockchain tech developed on the open source Hyperledger project. With this and other projects, Singapore emerges as a world’s center for Blockchain development. Blockchain in business now a reality. The announcement regarding the deployment of smart contracts....
Ethereum’s community is standing up to the challenge of securing smart contracts by taking steps to implement the lessons learned from the DAO. Microsoft Research, Harvard University and Inra, a French national research institute that employs 2700 computer science researchers from the “world’s most prestigious universities”, have published a highly technical paper [PDF] on the formal verification of smart contracts. The paper presents a framework to analyze and formally verify Ethereum smart contracts using F*, a “functional programming language aimed at program verification.” The initial....
With contributions from Zerado, FinTech Network have produced a whitepaper that looks at smart contracts and how they could improve efficiencies within the banking sector. The whitepaper highlights: How smart contracts aim to provide security that is superior to traditional contract law and ways they can reduce other transactional and administrative costs. The workings of Ethereum as one of the best examples of smart contracts in practice. Ways that smart contracts could benefit areas such as mortgages, clearing and settlement, KYC & bonds. How challenges with conceptual misalignment,....