It's great that Codius has a (somewhat ;) working example using bitcoinjs. However it's unclear to me how this example would be part of a real-world contract.

A Codius contract, as I understand it, guarantees (through consensus of the smart oracles executing it) the correct execution of the contract "terms". I understand that the example contract would sign a Bitcoin transaction.

So in this case, many oracles would run this contract and all sign a Bitcoin transaction. And then what? Would this be used in a contract of the type "make this specific payment after some specific thing happened?" (e.g. pay the seller of a house when the property has been officially transferred according to the land administration)?

Some elaboration would help people like myself understand what Codius can do.