Prof Bill Buchanan B.Buchanan@napier.ac.uk
Professor
Smart Contract based Reward Scheme
People Involved
Project Description
Egg Lighting would like to explore the possibility of linking their company value to Smart Contracts via Blockchain. They would eventually like to give away 1/3 of their business (shares) to the general public via tokens tradable on blockchain. Similar to Brewdog ‘Equity for Punks’ model however via blockchain. A smart contract refers to a computer program that lives on the blockchain. These programs automatically run or execute specific actions when predetermined conditions are met. The seller sets out the conditions under which the item is released, and the buyer pays what is required, after which the item will be released to them. This means there is no need for a third party to see if the conditions have been met or see the transaction through.
| Project Acronym | BC |
|---|---|
| Status | Project Complete |
| Funder(s) | Scottish Funding Council |
| Value | £5,000.00 |
| Project Dates | Oct 1, 2022 - Jan 31, 2023 |
| Partner Organisations | Egg Lighting (TreeGreen Ltd) |
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