Scenario 3: Lease Contract
Date: 2018-10-06
Source: https://craigwright.net/blog/bitcoin-blockchain-tech/scenario-3-lease-contract
In this situation, Bob takes out a lease contract with Eve for a fixed term of three years. The terms of the contract will specify a number of payments (which are detailed within later posts) and are not covered here.
However, the contract has a fixed term with no break clauses.
This has a simple state machine model as shown in the diagram below:
