Functionality of the Smart Contract platform:
https://www.blockchainx.tech/bridge-smart-contract-development
Smart contract was launched on March 31, 2015. It is preferred by some developers because it is written in Java, one of the most used programming languages in the world. The advantages at a glance:
No platform-specific programming language.
Scalability.
Excellent performance
Build a token bridge
Disadvantages :
Smaller development community than other platforms:
Less tools available.
It uses the code of the blockchain which makes it less decentralized.
Stellar
Stellar was founded in 2014, making it one of the oldest smart contract platforms. What characterizes it positively:
Ideal for ICOs.
Very cheap compared to Ethereum.
Simple platform.
Good performance.
Well regarded in the industry.
Disadvantages :
Not suitable for developing more complex smart contracts:
Waves
Launched in June 2016, it is an open source platform: it aims to overcome many of the existing barriers that hinder the implementation of more mainstream blockchains, namely speed and scalability. Just like Ripple , Wave has positioned itself as a platform to facilitate token operations. As such, it is another excellent platform for ICOs. It only takes a few minutes to create your tokens on the platform. Here are the advantages and disadvantages:
Ideal for ICOs
It requires very little basic knowledge to create your own tokens.
Disadvantages:
It is not a very versatile platform.
Still a relatively small user base.
What are smart contracts?
Bridge Smart Contract Development Services are, according to the Simplifications law (11 February 2019, n. which for the first time indicated the definition, “computer program, which operates on technologies based on distributed registers and whose execution automatically binds two or more parts based on predefined effects “. In particular, smart contracts de jure satisfy the requirement of the written form and thus become not only technological, but structural tools, in the hands of the public administration.
What applications
The applications of smart contracts are naturally innumerable: from the modeling of internal processes to the PA, to the notarization of deeds and procedures, to the automatic execution of practices, to the offer to citizens of new generation digital services, to traceability and transparency. It is of course essential to distinguish, among the possible use scenarios, those for which the use of blockchain and smart contracts represents an effective advantage.
As always, then, the most interesting results are obtained by “contaminating” the technologies: a particularly interesting example is the combination of smart contracts and artificial intelligence, where the latter would allow the representation of complex or value clauses, while the former would implement a form of “accountability”, thus opening up to the representation of an “algorithmic personality” also in the legal sense.
Towards which model?
A minimal taxonomy of the blockchain is exhausted in two main models:
permission less blockchain, or public, if there are no restrictions on access;
permissioned, or private, otherwise.
The first model guarantees a “pure” disintermediation, but it may not prove to be optimal for the data protection and control needs typical of a public administration, in particular the Italian one with its complex balance of competences.
Instead, it is assumed, we will evolve towards a permissioned model, possibly articulated in an “archipelago” of blockchain, the ownership of each of which is attributable to a single entity or to a grouping of entities (an ecosystem). An architecture of this kind also lends itself to a multi-level or multi-layer organization, according to the functional and organizational needs of each administration. The technological “glue” could be represented by technologies such as AION, an open platform for the development of decentralized applications particularly well versed in the construction of interoperability mechanisms (“token bridge”) between blockchains, even of a heterogeneous nature.
It is of course vital to guarantee both architectural and governance compatibility with similar developments both at regional level and, even more so, at EU level, within the framework of the general principles governing the construction of the Digital Single Market.
Functionality of the Smart Contract platform: https://www.blockchainx.tech/bridge-smart-contract-development Smart contract was launched on March 31, 2015. It is preferred by some developers because it is written in Java, one of the most used programming languages in the world. The advantages at a glance:
No platform-specific programming language. Scalability. Excellent performance
Build a token bridge Disadvantages :
Smaller development community than other platforms: Less tools available. It uses the code of the blockchain which makes it less decentralized. Stellar Stellar was founded in 2014, making it one of the oldest smart contract platforms. What characterizes it positively:
Ideal for ICOs. Very cheap compared to Ethereum. Simple platform. Good performance. Well regarded in the industry. Disadvantages :
Not suitable for developing more complex smart contracts: Waves Launched in June 2016, it is an open source platform: it aims to overcome many of the existing barriers that hinder the implementation of more mainstream blockchains, namely speed and scalability. Just like Ripple , Wave has positioned itself as a platform to facilitate token operations. As such, it is another excellent platform for ICOs. It only takes a few minutes to create your tokens on the platform. Here are the advantages and disadvantages:
Ideal for ICOs It requires very little basic knowledge to create your own tokens. Disadvantages:
It is not a very versatile platform. Still a relatively small user base.
What are smart contracts? Bridge Smart Contract Development Services are, according to the Simplifications law (11 February 2019, n. which for the first time indicated the definition, “computer program, which operates on technologies based on distributed registers and whose execution automatically binds two or more parts based on predefined effects “. In particular, smart contracts de jure satisfy the requirement of the written form and thus become not only technological, but structural tools, in the hands of the public administration.
What applications The applications of smart contracts are naturally innumerable: from the modeling of internal processes to the PA, to the notarization of deeds and procedures, to the automatic execution of practices, to the offer to citizens of new generation digital services, to traceability and transparency. It is of course essential to distinguish, among the possible use scenarios, those for which the use of blockchain and smart contracts represents an effective advantage.
As always, then, the most interesting results are obtained by “contaminating” the technologies: a particularly interesting example is the combination of smart contracts and artificial intelligence, where the latter would allow the representation of complex or value clauses, while the former would implement a form of “accountability”, thus opening up to the representation of an “algorithmic personality” also in the legal sense.
Towards which model? A minimal taxonomy of the blockchain is exhausted in two main models:
permission less blockchain, or public, if there are no restrictions on access; permissioned, or private, otherwise. The first model guarantees a “pure” disintermediation, but it may not prove to be optimal for the data protection and control needs typical of a public administration, in particular the Italian one with its complex balance of competences.
Instead, it is assumed, we will evolve towards a permissioned model, possibly articulated in an “archipelago” of blockchain, the ownership of each of which is attributable to a single entity or to a grouping of entities (an ecosystem). An architecture of this kind also lends itself to a multi-level or multi-layer organization, according to the functional and organizational needs of each administration. The technological “glue” could be represented by technologies such as AION, an open platform for the development of decentralized applications particularly well versed in the construction of interoperability mechanisms (“token bridge”) between blockchains, even of a heterogeneous nature.
It is of course vital to guarantee both architectural and governance compatibility with similar developments both at regional level and, even more so, at EU level, within the framework of the general principles governing the construction of the Digital Single Market.