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Mastering Blockchain - Second Edition
book

Mastering Blockchain - Second Edition

by Ankur Daharwal, Imran Bashir, Pranav Burnwal
March 2018
Beginner to intermediate content levelBeginner to intermediate
656 pages
20h 9m
English
Packt Publishing
Content preview from Mastering Blockchain - Second Edition

Ricardian contracts

Ricardian contracts were initially proposed in the paper, Financial Cryptography in 7 Layers, by Ian Grigg in late 1990s. These contracts were used initially in a bond trading and payment system called Ricardo. The fundamental idea is to write a document that is understandable and acceptable by both a court of law and computer software. Ricardian contracts address the challenge of issuance of value over the internet. It identifies the issuer and captures all the terms and clauses of the contract in a document to make it acceptable as a legally binding contract.

A Ricardian contract is a document that has several of the following properties:

  • A contract offered by an issuer to holders
  • A valuable right held by holders and ...
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Publisher Resources

ISBN: 9781788839044Supplemental Content