In this module you will compare the main blockchain platforms and learn how smart contracts are designed, executed and managed.
Topics covered
– Blockchain Platforms
– Smart Contracts
– Key Points & Requirements
– Operation Example
– Development & Lifecycle
– Smart vs Traditional Contracts
– Advantages
Key takeaways
– Bitcoin, Hyperledger and Ethereum serve different needs: currency, permissioned business networks and programmable contracts.
– A smart contract is code on a blockchain that runs when predetermined conditions are met.
– Smart contracts are autonomous: no human is needed to validate or execute them.
– Their terms must be clear, agreed in advance, evident and executable.
– Lifecycle: creation → freezing → execution → finalisation.
– Compared with traditional contracts they are faster, cheaper and cannot be changed once registered.
Open the PDF below to go through the slides.