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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…

IoT Project in auto industry real guidelines you need to implement

IoT enabling traffic management and control: Cars should be able to organise themselves in order to avoid traffic jams and to optimise drive energy usage.

1# Why IoT in auto industry

This may be done in coordination and cooperation with the infrastructure of a smart city’s traffic control and management system.

Additionally dynamic road pricing and parking tax can be important elements of such a system. Further mutual communications between the vehicles and with the infrastructure enable new methods for considerably increasing traffic safety, thus contributing to the reduction in the number of traffic
accidents.
IOT implementation
IOT implementation

#2 New Opportunities

IoT enabling new transport scenarios (multi-modal transport): In such scenarios, e.g. automotive OEMs see themselves as mobility providers rather than manufacturers of vehicles.

The user will be offered an optimal solution for transportation from Ato B, based on all available and suitable transport means. Thus, based on the momentary traffic situation an ideal solution may be a mix of individual vehicles, vehicle sharing, railway, and commuter systems. 

In order to allow for seamless usage and on-time availability of these elements (including parking space), availability needs to be verified and guaranteed by online reservation and online booking, ideally in interplay with the above mentioned smart city traffic management systems.

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