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Smart Contract

The web-calculus provides a framework for building secure, distributed applications. Supporting trade, with all the sophistication of today's markets, is one of the more compelling uses for this technology. The WaterkenTM IOU protocol is a first step towards creating such a marketplace. The protocol provides a generic means for representing ownership and the ability to trade.

Currently, the best introduction to the WaterkenTM IOU protocol is the HP Labs Technical Report.

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