Whois & Analysis for somish.com

Smart contracts are computer protocols that facilitate, verify, or enforce the negotiation or performance of a contract, or that make a contractual clause unnecessary.

Smart contracts often emulate the logic of contractual clauses.

Proponents of smart contracts claim that many kinds of contractual clauses may thus be made partially or fully self-executing, self-enforcing, or both.

Smart contracts aim to provide security superior to traditional contract law and to reduce other transaction costs associated with contracting.

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

It provides a decentralized Turing-complete virtual machine, the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes.

Ethereum also provides a value token called "ether", which can be transferred between participants and is used to compensate participant nodes for computations performed.

Gas, an internal transaction pricing mechanism, is used to prevent spam on the network and allocate resources proportionally to the incentive offered by the request.

Hyperledger (or the Hyperledger project) is an umbrella project of open source blockchains and related tools, started in December 2015 by the Linux Foundation, to support blockchain-based distributed ledgers.

It is focused on ledgers designed to support global business transactions, including major technological, financial, and supply chain companies, with the goal of improving many aspects of performance and reliability.

The project aims to bring together a number of independent efforts to develop open protocols and standards, by providing a modular framework that supports different components for different uses.

This would include a variety of blockchains with their own consensus and storage models, and services for identity, access control, and contracts.

A blockchain – originally block chain – is a distributed database that maintains a continuously growing list of ordered records called blocks.

Each block contains a timestamp and a link to a previous block.

By design, blockchains are inherently resistant to modification of the data — once recorded, the data in a block cannot be altered retroactively.

Through the use of a peer-to-peer network and a distributed timestamping server, a blockchain database is managed autonomously.

Blockchains are "an open, distributed ledger that can record transactions between two parties efficiently and in a verifiable and permanent way.

The ledger itself can also be programmed to trigger transactions automatically.".

India, officially the Republic of India (Bhārat Gaṇarājya), is a country in South Asia.

It is the seventh-largest country by area, the second-most populous country (with over 1.2 billion people), and the most populous democracy in the world.

It is bounded by the Indian Ocean on the south, the Arabian Sea on the southwest, and the Bay of Bengal on the southeast.

It shares land borders with Pakistan to the west; China, Nepal, and Bhutan to the northeast; and Myanmar (Burma) and Bangladesh to the east.

In the Indian Ocean, India is in the vicinity of Sri Lanka and the Maldives.

India's Andaman and Nicobar Islands share a maritime border with Thailand and Indonesia.