Smart Contracts News Friday, March 30 Smart contracts, Smart contract marketplace, Smart contract & more…
Smart Contracts News TLDR / Table of Contents
- Modex launches blockchain smart contract marketplace
- If Modex can deliver, the smart contract environment may gain higher ground. The presence of an ICO does not give ET as much confidence as Modex might like.
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- Smart Contract Marketplace Launched By Blockchain Firm Modex
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- A gentle introduction to smart contracts
- Smart contracts can be thought of as “automated trustworthy workflow between parties without a central specific co-ordinator.”. Here’s how I think about them.
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- Modexs Smart Contract Marketplace aims to tackle the last mile adoption problem by bringing to market an app store for the blockchain.
- Its a suite of tools designed to help blockchain developers write, deploy, manage and monitor both smart contracts and private blockchains in an easier and more seamless way.
- The Modex Smart Contract Marketplace provides a forum for developers to: – – It provides a way to find smart contracts which meet real-world needs.
- Later it will support various other protocols which possess smart contracts functionality, such as: – – Designed to serve as a central hub for multiple thrd party applications and web platforms to plugin with and deploy smart contracts, the Modex platform will offer advantages for: – – All centers around…
- Modexs Smart Contract Marketplace launch comes before its ICO, scheduled for the end of March 2018.
- Blockchain firm Modex has launched its first fully functional product alpha called Modex Smart Contract Marketplace.
- The marketplace incorporates significant advantages for consumer adoption, enterprise cost savings, developer tools, community trust and engagement, IP protection, and revenue opportunities for developers, all centered around the smart contract ecosystem that Modex has created.
- Additionally, the marketplace will offer APis for other applications to integrate with the companys smart contract ecosystem to further widespread smart contract deployment across a variety of industries and use cases.
- Modex CEO Mihai Ivascu said the marketplace is a suite of tools designed to help blockchain developers write, deploy, manage and monitor both smart contracts and private blockchains in an easier and more seamless way.
- By identifying a list of key use cases for smart contracts to prioritize in order to both attract development talent and seed the marketplace with strategic smart contracts, Modex is set to bridge the gap between businesses and blockchain developers, based on real-world needs.
- In the context of blockchains and cryptocurrencies, smart contracts are: – – pre-written logic (computer code), – – stored and replicated on adistributed storage platform (eg a blockchain), – – executed/runby a network of computers(usually the same ones running the blockchain), – – and can result in ledger updates (cryptocurrency…
- Transparency – – For all participants in a blockchain ecosystem to run the same code, each verifying the other, the logic of the smart contract must be visible to all.
- Aso-called Turing complete smart contract can do anything that a normal computer can do, though the blockchain version will run much more slowly and be more expensive to run than on a regular computer (depending on the set-up of the blockchain), because ultimately you need to pay for all computers…
- A mismatch or break can occur, where parties dont agree on the outcome of the trade, due to a number of things: – – With a smart contract, there is only one set of trade terms, written in computer code, which is much less fluffy than legalese, and agreed upon…
- Having every computer (node) in a system store data (eg a blockchain) and then run the smart contract code embedded in it is a lot more expensive than having one or two participants run the code.
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