The Counterparty Foundation, the non-profit organization that has developed and which oversees the Counterparty protocol and ecosystem, has announced the Ethereum Virtual Machine (EVM) port which will provide users with the ability to develop and deploy Ethereum-style smart contracts on the Bitcoin blockchain.
The EVM, set to be implemented within a month following additional testing, will allow users to create and deploy smart contracts on the Bitcoin blockchain for use in a number of applications such as decentralized autonomous organizations (DAOs), programmatic escrow services, identity systems, social networks, consensus building tools for voting, among others.
http://coinjournal.net/counterparty-ethereum-virtual-machine-smart-contracts-bitcoin-blockchain/