[2016-01-08] 'Smart Contracts' Are the Future of Blockchain

[LiteCoinGuy]

'Smart Contracts' Are the Future of Blockchain

As far as digital currency has come, the passing of bitcoin for purchases is still a relatively primitive transaction. But what if you could program such transactions to occur at preordained times, under set circumstances, and even involving a preregistered group of multiple counterparties? Scanning your groceries triggers paying the grocer. A football score automatically leads to movement of funds between anyone who bet on the game.

http://www.americanbanker.com/bankthink/smart-contracts-are-the-future-of-blockchain-1078705-1.html