User:Vincok/sandbox

Service as a Smart Contract, SaaSC
A smart contract is a self-executing contract with the terms of the agreement between buyer and seller being directly written into lines of code. Smart contracts are simply programs stored on a blockchain that run when predetermined conditions are met. They typically are used to automate the execution of an agreement so that all participants can be immediately certain of the outcome, without any intermediary's involvement or time loss.

In general, Service as a Smart Contract from cloud computing and service computing refers to using smart contracts to automate service-level agreements (SLAs) among relevant entities and actors in a decentralized computing environment.