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  • 2022年7月4日

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    Unfortunately, as an AI language model, I do not have personal experience in copy editing or knowledge of digital marketing strategies like SEO. However, I can help you by providing a sample article on “blanket agreement oracle.”

    Blanket Agreement Oracle: An Introduction

    In the world of blockchain technology, smart contracts have emerged as a game-changer. These digital agreements enforce the terms and conditions of a deal automatically, without the need for intermediaries. However, there is a problem with smart contracts- they lack flexibility. Once deployed on a blockchain, a smart contract cannot be amended easily, as it requires the consensus of all parties involved. This issue has led to the creation of a new concept called “blanket agreement oracle.”

    A blanket agreement oracle is a decentralized digital system that enables the modification of multiple smart contracts simultaneously. It acts as an intermediary between the parties involved in a deal and the smart contracts that govern it. When a change is required, instead of modifying the smart contract directly, the parties submit the new terms to the blanket agreement oracle. The oracle then applies the changes to the relevant smart contracts, ensuring the integrity and security of the blockchain.

    The advantages of a blanket agreement oracle are numerous. Firstly, it solves the problem of inflexibility that plagues smart contracts. By allowing multiple contracts to be changed at once, parties can modify their deal as circumstances evolve, without the need for a complex renegotiation process. Secondly, it enhances the security of smart contracts. Since the oracle acts as a trusted third party, it can verify that the new terms are authentic and prevent fraudulent modifications.

    Overall, the emergence of a blanket agreement oracle represents a significant milestone in the evolution of blockchain technology. It provides a solution to one of the key weaknesses of smart contracts, while also enhancing their security. As more businesses adopt blockchain-based solutions, we can expect to see an increasing number of applications of the blanket agreement oracle, enabling new levels of efficiency and flexibility in digital commerce.

  • 2022年7月2日

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    Quasi Contract is Also Known As – An Insight into This Legal Concept

    Quasi contract, also known as implied-in-law contract, is an important legal concept that is often used in courtrooms across the world. Despite its importance, many people are still not familiar with what quasi contract is and its role in the legal system. In this article, we will delve into the topic and help you understand what quasi contract is, and why it is also known as other names.

    What is Quasi Contract?

    In simple terms, a quasi contract is a legal arrangement between two parties that is not based on an express agreement. In other words, it is an implied contract that is created by the law to prevent one party from being unjustly enriched at the expense of another.

    Quasi contracts arise when one party receives a benefit from another party, and it would be unfair for the receiving party to keep that benefit without compensating the other party. This may happen, for example, when a person provides emergency medical care to someone who is unconscious and unable to consent. The medical provider did not have an agreement with the unconscious person to provide care, but the law recognizes that it would be unfair for the medical provider to go uncompensated for their services.

    Why is Quasi Contract Known as Other Names?

    While quasi contract is the most common name for this legal concept, it is also known by other names in different countries and legal systems. These names include:

    1. Implied-in-Law Contract: This name emphasizes the fact that quasi contracts are created by the law rather than by an express agreement between the parties.

    2. Constructive Contract: This name emphasizes the fact that quasi contracts are considered to be “constructed” by the law to prevent unjust enrichment.

    3. Quantum Meruit: This is a Latin term that means “as much as he deserves.” It is used to refer to a quasi contract where one party has provided goods or services to another party and is seeking compensation for their work.

    In conclusion, quasi contract is an important legal concept that helps prevent one party from being unjustly enriched at the expense of another. While it is known by various names in different legal systems, its fundamental purpose remains the same. If you ever find yourself in a situation where you have provided a benefit to someone else without an express agreement, remember that you may still have legal options available to seek compensation through the use of a quasi contract.