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MIT Enterprise Forum of NYC
November 16, 2016
Hyperledger member, Digital Asset Holdings’ CTO Shaul Kfir will be speaking and presenting on “Blockchain Smart Contracts: Turning Traditional Transactional Business Models Inside-Out” on November 16 at 5:30pm.
Smart Contracts are a new wave of innovation enabled by Blockchain technology. Quite simply, these Smart Contracts are self-executing and self-enforcing code, triggered by data that automatically executes agreement terms and stores the agreements on an immutable Blockchain. These computer instructions that execute the terms of an agreement can simplify transactions. Although these contracts are just software, it is too early to determine the legal implications of these types of transactions. They have the ability to revolutionize financial transactions. Blockchain is driving innovation, especially in the financial markets by offering efficiency and transparency on a decentralized immutable ledger.