Post
Topic
Board Economics
Re: Real world use for smart contracts
by
LenaRoid
on 01/05/2018, 18:12:45 UTC
I am curious about your point of view though.
Could you imagine blending the real world with something like a smart contract?

For example, could you imagine buying a car at a dealership with ONLY a smart contract,
or would you expect to sign additional legal terms along with it?

My feeling is you need both, but that’s because some terms seem hard to automate (like a “reasonable” grace period if you’re late on the loan).
Or, how would you resolve a situation where the car is defective or warranty disputes...
Huh
smart contracts could solve many problems like when you need to pay to country some fees or buying real estate, because it can help not to be scammed, it is much harder to hack your contract in blockchan rather then fabricate papers with your signature