Quote from: Yaunfitda on October 11, 2020, 10:56:26 PM

Quote from: GTR03 on October 06, 2020, 06:55:04 PM

Hello, please comment on how smart contracts will change the world of finance. How will it affect the use of such contracts.

It's already changing the landscape of finance. However, it is too early to say what will be the impact as right now we don't have any data to back up our claims, everything is still pure speculation at this point. Banking sector are trying it out, crypto projects are working with banking system to see how it will fit on them. I would say that in the next 5-10 years, maybe we can see a clearer picture as how it really affected the financial sector.

Certainly, they will be used further. Smart contracts based on blockchain technology are very convenient: after the conclusion of the contract, they start to work in the background, but at the same time remain legally significant electronic documents.