NCF-IEEE11 Applying Smart Contracts to the Energy Space.

 Happy New Year! We have two guests in today's show: Tamara Hughes, Principal at TMH Ventures, LLC, and Umit Cali, Associate Professor of Energy Informatics ( AI & Blockchain) at NTNU. "The general objectives of a smart contract are to satisfy common contractual conditions such as payment terms and minimize the need for trusted intermediaries," (Tamara Huges.)This quote is the basis of Smart contracts and, to an extent, how they function. A smart contract is computer code; when given commands, it can run automatically. “This will change the lifestyle of the society and the future of the world” (Umit Cali.) We also discuss how blockchain can be used with energy transactions and in the energy space. Join us In today’s episode of NewCyberFrontier. Visit our sponsors: BlockFrame Inc. IEEE Digital Privacy Murray Security Services