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Friday, January 05, 2018

Smart Contracts via Hyperledger

Brought to my attention.  Good descriptions and code for experiments with the idea.  I like some of the non technical descriptions of the idea provided.  I like the 'Smart Contracts' direction because it pays attention to specific process.  Useful with clients and colleagues. 

Create and execute blockchain smart contracts  

Create and execute smart contracts within a blockchain application using Hyperledger Composer ... 

Organizations that use blockchain depend on trusted transactions to securely automate processes that were previously completed manually. In this developer journey, you’ll learn how to use the Hyperledger Composer framework to create and execute smart contracts. Those contracts will run within a blockchain application built on Hyperledger Fabric. .... 

" ... A good way to understand smart contracts is to compare the technology to a vending machine. Ordinarily, to complete a contract you’d go to an attorney, pay that attorney a fee, and wait to receive the document in question, whether a house closing agreement, a divorce decree, or any other “official” documentation. With the smart contract model, you simply drop a token into the vending machine–that is, the ledger–and your document (or candy bar) is provided to you, or deposited into your account. It’s a straightforward process requiring no additional intervention from anyone. ... "

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