Given the immutable nature of the Smart Contracts (as well as the transactions) in a Blockchain, and the impact a (buggy) Smart Contract can have across a business network (as highlighted by The DAO Attack), Smart Contracts require extra due diligence. Having worked with Business Rules Management Systems (especially IBM Operational Decision Manager/ILOG) for the […]
Posts Tagged ‘smart contract’
Smart Contract Distilled
As I mentioned in my previous post, Blockchain is a design pattern that describes a system or network of nodes in which the ledger (i.e. a common temper-proof ledger that contains all the transactions) is maintained on multiple nodes, and there is a consensus (among the nodes) on which nodes have correct copy of the […]