Smart Contracts News Saturday, March 3 Smart contracts, Valid electronic signature, Smart contracts & more…


Smart Contracts News TLDR / Table of Contents

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Florida Bill Would Legally Recognize Blockchain Signatures, Smart Contracts

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  • A lawmaker in Florida has introduced a bill that, if passed, would create a legal foundation for blockchain data and smart contracts in the U.S. state.
  • House Bill 1357 introduces multiple stipulations that blockchain ledgers and smart contracts be treated as legally-binding methods of data storage – provided that such measures do not break any pre-existing laws or regulations.
  • Notably, the bill states that a record or contract that is secured through blockchain technology is in an electronic form and is an electronic record, and confirms that a signature recorded through a blockchain also qualifies as a valid electronic signature.
  • If signed into law, the bill would make Florida the latest state to recognize blockchain records and smart contracts.
  • Last year, Arizona passed a similar measure, with identical notes on confirming blockchain records as electronic records, as well as giving smart contracts legal force.

[/vc_column_text][vc_column_text el_class=”topfeed-tags”]Tags: smart contracts, valid electronic signature, contracts legal force, foreign commercial ventures, highest journalistic standards[/vc_column_text][/vc_column][vc_column width=”1/2″][vc_separator][vc_column_text el_class=”topfeed-tweet”]

[/vc_column_text][vc_column_text el_class=”topfeed-embedly”]Florida Bill Would Legally Recognize Blockchain Signatures, Smart Contracts – CoinDesk[/vc_column_text][/vc_column][/vc_row][vc_row el_id=”Uh-oh-Blockchain-may-not-be-as-secure-as-we-thought”][vc_column width=”1/2″][vc_separator][vc_column_text]

Uh oh: Blockchain may not be as secure as we thought

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  • In an analysis of one million smart contracts, a new analysis tool found that 34,200 had security vulnerabilities.
  • Some blockchains, most notably Ethereum, take the utility of Bitcoin to the next level by incorporatingsmart contracts,which automate the process.
  • Smart contracts are essential for industries outside of finance that want to take advantage of the blockchain technology.
  • For example, if healthcare systems wanted to put medical records on a blockchain, it could use smart contracts to ensure only medical professionals are granted access to them.
  • While it all sounds good in theory, there is some bad news: a team of computing experts from the National University of Singapore and University College London published a study that details a surprising number of securityflaws in smart contracts.

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[/vc_column_text][vc_column_text el_class=”topfeed-embedly”]Uh Oh: Blockchain May Not Be as Secure as We Thought[/vc_column_text][/vc_column][/vc_row][vc_row el_id=”TOR-Q-ALL—Blockchain-Based-Secure-Mobile-Calls-and-Internet”][vc_column width=”1/2″][vc_separator][vc_column_text]

TOR-Q-ALL – Blockchain Based Secure Mobile Calls and Internet

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[/vc_column_text][vc_column_text el_class=”topfeed-embedly”]TOR-Q-ALL – Blockchain Based Secure Mobile Calls and Internet[/vc_column_text][/vc_column][/vc_row][vc_row el_id=”Workflow-Exit-Humans-Enter-Smart-Contracts-dnnmedia-“][vc_column width=”1/2”][vc_separator][vc_column_text]

Workflow: Exit Humans, Enter Smart Contracts – dnnmedia –

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  • While technology cant replicate or replace certain aspects of the human experience, it can automate workflow, diminishing opportunity for unwanted complication orbias.For example, smart contracts can be used to reduce bias in published material by making workflow logical, moving participants contributions through a streamlined process, fueled by if-this, then-that code…
  • In the case of our Decentralized News Network, smart contracts facilitate the movement of citizen journalism articles from writers to reviewers to publishers.
  • With DNN, smart contracts facilitate an autonomous workflow where articles can move, without interruption of institutional or group bias, from point to point within the publishing system.These reviewers are chosen not by humans, but by smart contracts, based on the numerical value of their bid in DNN tokens.
  • Our review process, powered by smart contracts:Once a writer is satisfied with their article, the article is submitted to the DNN network via a platform portal.Submitted work enters the workflow and is stored in a distributed filestore (IPFS).
  • If the reviewer voted to reject the article, they are given an opportunity to provide feedback explaining why.By allowing us to construct a network that is not facilitated by humans, smart contracts prove a valid use case, removing the human filter from decision making and thus diminishing biased outcomes.

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[/vc_column_text][vc_column_text el_class=”topfeed-embedly”]Workflow: Exit Humans, Enter Smart Contracts – dnnmedia – Medium[/vc_column_text][/vc_column][/vc_row][vc_row el_id=”Smart-Contracts-for-Distributed-Publishing-Authority”][vc_column width=”1/2″][vc_separator][vc_column_text]

Smart Contracts for Distributed Publishing Authority

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  • The entire set of instructions associated with how a DNN article is submitted, reviewed, and published, is carried out by smart contracts.
  • The article then moves to the pending review stage, where reviewers place bids using DNN tokens to be selected to review the article.
  • Unlike readers on traditional news platforms, readers on DNN play an active role in helping to shape the news they read, which includes participating in Reader Suggestions whereby article topics are put forward by you, the news consumer.
  • Publishers, part of thenetworkUnlike readers, reviewers, and writers who are human actors of the network, publishers are server nodes which act as a proxy between human users and the DNN network residing on the Ethereum blockchain.
  • Unlike readers, reviewers, and writers who are human actors of the network, publishers are server nodes which act as a proxy between human users and the DNN network residing on the Ethereum blockchain.Specialized open source software consisting of the complete DNN user-interface and network interface, is bundled and installed on…

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