How to implement "Smart Contracts" in multichain?

Question

Hi,

Please guide me, as to how to create "Smart Contracts" in multichain (with or without Ethereum)?

 

Regards

Anuj Mehra

Answer 1

What a well timed question... (http://www.ibtimes.co.uk/how-are-banks-actually-going-use-blockchains-smart-contracts-1539789)

Right now MultiChain does not have a built-in smart contracts layer. But a "smart contract" is just a piece of code that runs on a blockchain, so can you tell us anything more about what you would like your smart contract to actually do?

Comments

So if I understand correctly - the logic operations of the transactions happens off the blockchain, for example on a validation server, and the final result of the validation initiates an action on the blockchain; this can be transferring representation of an asset, or equally just appending new state information. Did I understand that correctly?

Thanks

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No, all logic is processed on the blockchain, i.e. calculated by every node. Otherwise someone could post a false outcome.

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I have kept my business login outside the blockchain. I am currently using blockchain as persistence layer.

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Hi Anuj, that's pretty much what I'm thinking, thanks. As for the blockchain, it can be used for acceptance validation of logic before recording for persistence, no?

Thanks

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Can you give an example?