Post
Topic
Board Announcements (Altcoins)
Re: [ANN] AGRELLO - Legally-Binding Smart Contracts for all
by
Agrello
on 12/11/2017, 21:20:05 UTC

Why Agrello makes for a compelling blockchain use case

Community Op-Ed takes an in-depth look at Agrello, and blockchain





Quote
Why Agrello makes for a compelling Blockchain Use Case?

Currently law and agreement/contract execution is mainly still carried out in an exhaustive, human resource intensive, expensive and manual way. What value do you get through computerising and automating in a blockchain over a traditional compute or centralised model? You gain the value of automation with both compute models. Indeed with cheap cloud compute some of what Agrello is doing is indeed possible. The problems you face with the centralised model are those of privacy, ownership, jurisdiction and consensus on the state of any given contract. If you centralise the process how can you be sure the central body can’t be bought off or biased in some way? How can you be sure your contract wasn’t tampered with or changed? Well this is exactly what blockchain was invented for, the distributed consensus across the decentralised peers who all own the picture without any centralised body being held accountable or able to skew the true state or picture.

Thanks Aneesh and Tonka!


 Smiley