Smart Contracts are a major tool that enables blockchain to achieve their enormous potential. There is no widely-acceptable definition currently in place. A very useful working definition for smart contracts is provided by the International Organization for Standardization (ISO). Another useful definition reads as follows: “Smart Contracts are computer programs that automatically execute instructions triggered […]
I have identified and hereby provide the main issues and/or concerns that may be associated with and merit careful examination by the founders and their legal counsels, prior to conducting an Initial Coin Offering. These are: In relation to the issuance of Tokens Selection of jurisdiction: we need to examine which jurisdiction provides the optimal […]
Blockchain and Smart Contracts present important opportunities that are very promising. Blockchain and smart contracts enable efficient, secure and trusted transactions and have the potential to disrupt many industries. I will briefly list below some use cases for blockchain and smart contracts, as these demonstrate the enormous potential of smart contracts. Smart contracts present a […]
Blockchain provides solutions that are characterized by transparency, absence of a third-party. Cyprus Blockchain Association will present to you some blockchain use cases and applications that we have summarized and listed under the following broader categories: Ledgers, cryptocurrencies and other crypto-tokens and smart contracts. We will then go through 4 big domains that pose considerable […]
Let’s make Cyprus a Blockchain Hub! The Cyprus Blockchain Association and the European Blocktech Federation have been the major supporters of this event. The President of the CBA and board member of the EBTF Yiannis Menelaou, has welcomed the audience for the summit proceedings. Yiannis said that ” Cyprus is the place for innovation ” […]
Hedera Hashgraph Overview Hedera Hashgraph is a DLT project and an innovative variation of a standard blockchain on the basis of the technology called directed acyclic graph (DAG). Basically, operations are recorded not via the chain (like in a blockchain), but via a directed acyclic graph. Hashgraph supports decentralised applications, and it is based on […]
Ethereum Overview Ethereum is an open-source and public platform for creating decentralised online services that work on the basis of smart contracts. The platform is decentralised, based on the blockchain and runs as a virtual machine. Ether is a cryptocurrency, with the symbol Xi Ξ and with subunits Gwei (10^-9), wei (10^-18), ether, amongst others […]
Capacity to contract is, typically, a constitutive element to the formation of a legally binding contract which can be recognised by law and enforced by Courts. This requirement denotes that a person is considered by law as able and competent to enter into a contract, because such person possesses the competence to bind themselves through […]