Smart Contract

[1] Karze, D. Klinger, P. (Senacor Karten)

[2] Heines, R. (2017): Blockchain Technology Applications: A Conceptual Framework from a Supply Chain Perspective

[3] ISO Standard

The term smart contract was especially defined by the distributed system Ethereum [1]. A smart contract is a computer program stored in a distributed ledger system, where the result of each execution of the program is recorded in the ledger.

Blockchain technology enables a contract to be concluded securely without requiring verification by a third party [2]. A smart contract can create a legally enforceable obligation under the laws of an applicable jurisdiction [3]. By securely excluding manipulation, processes defined in the smart contract can be independently triggered and executed. As a result, Smart contracts guarantee independence, decentralization and autonomy [2].

Beispiel für ein Smart Contract

Begriff im Definitionsnetz

Begriff im Definitionsnetz


  • LinkedIn - Weiß, Kreis,
  • Twitter - Weiß, Kreis,
  • Facebook - Weiß, Kreis,
© 2020 by Business Engineering Institute St.Gallen