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smart contracts

Universal Blockchain Assets

Dr. Owen Vaughan of nChain has published and presented his work on Universal Blockchain Assets. The Universal Blockchain Assets (UBA) is a novel protocol for issuing and transferring tokens across blockchains without the need for a trusted third party or cross-chain bridge. In the UBA scheme, the blockchain is used for double-spend protection only, while the authorization of token transfers is performed off-chain. Due to the universality of the approach, it works in almost all blockchain… Read More »Universal Blockchain Assets

How not to do DAOs

“Most ‘DAOs’ are a diversion tactic to avoid responsibility,” – Niels V. van den Bergh, CEO, mintBlue.  The rest are just a result of being ignorant of the existence of such responsibilities.   It’s a fantasy, an imagined fake world where responsibilities do not exist.   This doesn’t mean smart contracts are useless, however. There’s a right way to do it.   What is much needed is systems that “refactor” (borrowing the phraseology of James Belding, the founder and… Read More »How not to do DAOs

The Smart-Business Paradigm

A revolution to how business relationships, structures, organizations, assets, contracts, transactions, and records are created, managed and serviced is happening, and people will soon notice. It is an important part of the biggest business revolution since the invention of computers and Internet. We are talking about smart-business as a new paradigm (analogous to smart-phone being...

Read more... The full content of this chapter is available in the two-volume book:

Bit & Coin

Merging Digitality and Physicality

Volume I: Digital Humanity’s Truth Layer - The New Internet, its Authenticity Layer, and Applications
Introduction
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Volume II: Bitcoin, Blockchain, and Beyond - Essays of Science, Economics, Law, Ethics, and Controversies
Introduction
(coming soon)

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