Post
Topic
Board Altcoin Discussion
Re: What do you thing about smart contracts in the financial sector.
by
LittleHamster
on 11/10/2020, 23:21:49 UTC
Hello, please comment on how smart contracts will change the world of finance. How will it affect the use of such contracts.

See the example.
One company wanted to provide paid services to a person. They made a contract. The company provided services, but the person does not pay, thereby violating the terms of the contract. Or Vice versa, payment for services is received, but services are not rendered. In a smart contract, all conditions are written to the contract code and all operations are performed automatically. If the services are provided, the money is automatically debited from the address of the service recipient. And so on.

It is a pity that so far smart contracts are only applicable in the field of Finance. It would be very useful to apply them to the ordinary life of people.