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Blockchain Smart Contract Theory Behind

The smart contract in Blockchain is a kind of software application that works without human intervention based on the transaction logs and provide a solution to the user request. 
I want to share the back end mechanism in the Smart Contract of Blockchain.

Smart Contract Mechanism What is Smart ContractA smart contract is a protocol which can auto-execute, facilitate, verify, or enforce the negotiation of a contract.Agreement between two parties you can say as a contract.Incorporating the rules of the physical contract into the computing world, you can say as a smart contractBlockchain supports you to create smart contracts.Smart Contracts are self-executing programs which run on the blockchain and are capable of enforcing rulesUsing Blockchain as a platform and making an agreement or contract between more than two parties, you can say as Smart Contract.Traditional Markets  4 Top Benefits of Smart ContractCurrently, smart contracts are being used only in Crypto CurrenciesNow Smart Contra…

4 Top Upcoming IoT Applications

New types of applications can involve the electric vehicle and the smart house, in which appliances and services that provide notifications, security, energy-saving, automation, telecommunication, computers, and entertainment are integrated into a single ecosystem with a shared user interface. Obviously, not everything will be in place straight away.


IoT Top Applications

Developing technology in Europe right now—demonstrating, testing, and deploying products—it will be much nearer to implementing smart environments by 2020. In the future computation, storage and communication services will be highly pervasive and distributed:
  1. Smart objects
  2. machines, platforms, and the surrounding space (e.g., with wireless/wired sensors, 
  3. M2M devices, RFID tags, etc.) will create a highly decentralized common pool of resources (up to the very edge of the “network”) interconnected by a dynamic network of networks. 
  4. The “communication language” will be based on interoperable protocols, operating in heterogeneous environments and platforms.

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