Smart legal contracts: A smart legal contract is a legally enforceable agreement in which some or all of the duties are specified in a computer program and/or are carried out automatically by the program.
Decentralized Autonomous Organizations: These are organizations that are governed by smart contracts, and operate in a decentralized manner, without the need for a central authority.
Application logic contracts: They are often used to automate the implementation of an agreement so that all parties can be certain of the conclusion right away, without the need for an intermediary or additional delay.
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