With the recent emergence of "red envelopes" in major pilot cities, pilot areas for the application of prepaid funds supervision, and the emergence of smart contract patents by the Digital Currency Research Institute, various actions show that the application business email list of digital renminbi loaded with smart contracts has become more and more popular. Mature.So what is a smart contract? How is it loaded in the digital RMB pilot scenario application?
The concept of smart contracts was first proposed by Nick Szabo in 1995. According to his definition, a smart contract is a set of promises defined business email list in digital form, including agreements on which contract participants can execute those promises. Smart contracts are written into computer-readable codes. Once the trigger conditions are met, they are automatically executed by the computer. Preconditions such as time and credit can be loaded, and they can be applied to various scenarios such as tax payment, anti-terrorism, and financing.
According to recent public data, starting from 2021, the Central Bank Digital Currency Research Institute has applied for 8 patents with the business email list word "smart contract" in the title, and the technologies covered are mostly the underlying technical solutions of smart contracts, including the registration method and execution method of smart contracts. , most "smart contract" applications are implemented based on the blockchain.