Agrello Selects Qtum Blockchain for its AI Powered Smart Contract Interface

Agrello, an Estonian Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term startup developing business-ready Smart Contract Smart Contract A smart contract is a piece of software that automatically executes a pre-determined set of actions when a certain set of criteria or met. One of the key tenets of smart contracts is their ability to perform credible transactions without third parties and are self-executing, with their conditions written into the lines of code that form themAdditionally, these transactions are both trackable and irreversible. For example, a smart contract could be used to give royalty payouts to a musical artist A smart contract is a piece of software that automatically executes a pre-determined set of actions when a certain set of criteria or met. One of the key tenets of smart contracts is their ability to perform credible transactions without third parties and are self-executing, with their conditions written into the lines of code that form themAdditionally, these transactions are both trackable and irreversible. For example, a smart contract could be used to give royalty payouts to a musical artist Read this Term solutions, has announced that it has selected the Qtum blockchain as its infrastructure of choice for the company’s AI powered smart contract interface.

The London Summit 2017 is coming, get involved!

Agrello develops an intuitive AI powered interface, allowing users with no legal or coding skills to easily create, manage, and automate legally binding smart agreements which are both - stored as smart contracts on the blockchain, as well as translated to legally biding documents in natural English.

According to Agrello, their solution will allow individuals and businesses to use smart contracts as a substitute and enhancement to standard paper contracts - a practice until recently regarded as impossible due to the complicated and obfuscated nature of smart contract technology.

Explaining the company’s choice, Hando Rand, Agrello Project Lead and co-founder stated: “We’ve been searching for over a year to find a blockchain platform that would fit our needs. Qtum allows us to build a mobile-compatible and scalable smart contract solution, and hence is our technology of choice.”

Agrello’s decision to base its technology on Qtum was announced Wednesday in Shanghai, at an Qtum event. The Qtum project has recently raised $15.6 million in one of the industry’s fastest token crowd-sales to date, and seeks to open its platform for public use in Q3 this year.