Ripple Wins US Patent for New Oracle-Based Smart Contract Design

Hybrid smart contracts will change the world by revolutionizing the legal system that exists today. The era of unintelligible contracts written in legalese by lawyers in $2,000 suits with degrees from Ivy League schools is over. The contracts of the next century will be hybrid smart contracts, written in code by programmers wearing $20 hoodies and living in their NYC-shared apartment.What is a hybrid smart contract?Smart contracts are self-enforcing contracts, written in code and executed by the blockchain. These smart contracts are great at sending and receiving money, and doing simple....

San Francisco-based Ripple Labs, a startup focused on building payment and digital asset networks, has unveiled a comprehensive plan for the development of a new smart contract system. Called Codius, the proposed system will be programming language agnostic and work with existing monetary and contractual systems. There are a few cryptographic projects currently seeking to build smart contract solutions, but Codius is perhaps the framework that many in the cryptocurrency space have been seeking to leverage to build asset structures. Stefan Thomas, chief technology officer at Ripple Labs,....

Blockchain technology indicates not only bitcoin but in reality, it has the capacity to change businesses with smart contract-related blockchain frameworks like XinFin. There are many oracles present which play a major role in connecting the gap between blockchain application and external data, however, not all of them succeed. Decentralized oracle platform Plugin offers cost-effective solutions for any smart contract on XinFin platform. GoPlugin.co gathers information from various external sources, consolidates and makes sure the exact value is offered to its users at any point of time.....

Smart Contract Oracle Solutions: the New Herald of Crypto Fundraising With smart contracts and DeFi gaining traction in droves, and the numbers of new entrants into the ecosystem growing, the smart contract revolution appears to be kicking into gear this year.  Recent fundraising successes that bucked the trend of failing token sales in recent years suggest that investors are now looking to projects that seek the remaining piece of the puzzle in functional smart contracts. […]

Smart Token Chain (STC), a blockchain project intended to “tokenize” financial information, has successfully executed its first Smart Token transaction across the Ripple Network. STC to Leverage Ripple to Help Alleviate Counterparty Risk. CTO of Smart Token Chain, Morris Mwanga, believes that the successful trial run of their concept has confirmed the robustness of their blockchain-based solution as a means of bringing speed, accuracy and security to transactions across distributed ledger platforms. Mwanga noted the platform achieves this by leveraging patent-pending “Smart Tokens”, which....