Bytom Blockchain Protocol (hereinafter referred as Bytom) is an interactive protocol of multiple byteassets. Heterogeneous byte-assets (indigenous digital currency, digital assets) that operate in different forms on the Bytom Blockchain and atomic assets (warrants, securities, dividends, bonds, intelligence information, forecasting information and other information that exist in the physical world) can be registered, exchanged, gambled and engaged in other more complicated and contract-based inter-operations via Bytom.- Bytom Whitepaper
Bytom Application
As a distributed protocol for asset exchange, Bytom allow users to manage/invest their portfolios with smart contract. Below are some examples:
Tool for trust-less coin-to-coin exchange: Right now if investors want to conduct a C2C trade, he must go through a third party custody. With atomic swap feature of Bytom, the third party custodian is no longer needed.
Fair execution of prediction protocol. Smart contract on Bytom will be executed at prescribed time without interference from third party, thus eliminating contract manipulation.
Company option manger: he could entrust the management of options to blockchain network, which will then execute the contract automatically.
Assets on Bytom are very valuable, which requires a safe and stable system.
http://news.8btc.com/bytom-propose-invisible-smart-contract
