Ethereum and Smart Contracts

How Digital Assets brought smart contracts to life

While the emergence of digital assets are generally linked to forming a medium of exchange which could replace paper cash through higher pace and ease of transaction, they paved the way for administering an earlier concept called smart contracts.

A smart contract, term coined by Nick Szabo in 1996, can be defined as a self-executing code under pre-defined conditions. The self-execution property eliminates an intermediary overseeing the transaction and reduces transaction costs.

Compared to Bitcoin, Ethereum allows developers to create own smart contracts, a significant step for users to control their own data.

About the Author:

Emre Camlilar oversees product management for MVIS indices globally. He is an index expert with 5 years of experience in index development, management and maintenance. As product manager with extensive index expertise, Emre Camlilar offers deep knowledge of MVIS products, operations and new index construction and administration. Emre Camlilar holds an M.Sc. in Economics from the University of Freiburg, Germany.

The article above is an opinion of the author and does not necessarily reflect the opinion of MV Index Solutions or its affiliates.