Whois & Analysis for immunebytes.com

A smart contract is a computer protocol intended to digitally facilitate, verify, or enforce the negotiation or performance of a contract.

Smart contracts allow the performance of credible transactions without third parties.

These transactions are trackable and irreversible.

Smart contracts were first proposed by Nick Szabo, who coined the term, in 1994.

A blockchain, originally block chain, is a growing list of records, called blocks, which are linked using cryptography.

Blockchains which are readable by the public are widely used by cryptocurrencies.

Private blockchains have been proposed for business use.

Some marketing of blockchains has been called "snake oil.".

Ethereum is an open-source, public, blockchain-based distributed computing platform and operating system featuring smart contract (scripting) functionality.

It supports a modified version of Nakamoto consensus via transaction-based state transitions.

In economics, a service is a transaction in which no physical goods are transferred from the seller to the buyer.

The benefits of such a service are held to be demonstrated by the buyer's willingness to make the exchange.

Public services are those that society (nation state, fiscal union, region) as a whole pays for.

Using resources, skill, ingenuity, and experience, service providers benefit service consumers.

Service is intangible in nature.

An audit is a systematic and independent examination of books, accounts, statutory records, documents and vouchers of an organization to ascertain how far the financial statements as well as non-financial disclosures present a true and fair view of the concern.

It also attempts to ensure that the books of accounts are properly maintained by the concern as required by law.

Auditing has become such a ubiquitous phenomenon in the corporate and the public sector that academics started identifying an "Audit Society".