NICHOLAS NAPP 4. Distributed Applications & Smart Contracts • Pioneered by Ethereum. • Applications/scripts (dApps) are “baked in” to the Blockchain. • Smart Contracts can execute certain tasks based on conditions. e.g. escrow, ePurchasing, royalty payments. • All at low cost in a trustless environment.
(c) 2019 Tizra, Inc.. All Rights reserved.