Smart Contracts

Smart Contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. 

 
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Who uses this type of technology?

People from around the world can participate in this decentralized network by creating or using  apps that runs on a custom built blockchain that sits on top of Ethereum. As institutional adoption of crypto increases in a big way, organizations need to prepare their operations, technology and risk capabilities for a new future. 

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decentralized apps run on automated smart contracts

The code and the agreements contained therein exist across a distributed decentralized blockchain network. Smart contracts permit trusted transactions and agreements to be carried out among disparate, anonymous parties without the need for a central authority, legal system, or external enforcement mechanism. They render transactions traceable, transparent, and irreversible.
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.

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The Enterprise Ethereum Alliance

An open source standard that addresses enterprise deployment requirements. The goal is to advance in tandem with advances in the Ethereum Main Blockchain. It provides a clear roadmap for enterprise features and requirements.