When dev is ready, I can email the following news resource sites, or as a community, we can get hold of them to better our prospects of becoming discovered. As you know, most of the news sites are always busy. What does everyone think? potential word of mouth from some major news source could attract some large VC's interested in IoT innovation that is even being worked on by some of the biggest tech company's - Microsoft, Samsung, and IBM! Not to forget the rest of the projects Tilecoin is focused on developing: Bill Payments/investment ĐApp, and a decentralized exchange!
Let's try to contact the following news sources during the 2 weeks if dev does not have a huge work load...
It's easy to think about a smart contract managing a will, up to a point. It all makes sense if you can imagine yourself keeping all of your assets in bitcoin. But what if you live in the real world and have physical possessions like, you know, most of us? The answer is something called smart property.
This starts to get more sci-fi when we talk about smart property, says Ellis.
The so-called Internet of Things is constantly growing, with more and more interconnected devices out there every day. Some forward-thinking developers are already working on ways to combine the Internet of Things with bitcoin infrastructure so that something like a bitcoin can actually represent a physical object. That token is what these developers call smart property.
But more important than representing some object, these new smart property tokens would actually grant ownership and control to a networked object, whether that be a computer, a car, or even a house.
How does this all come together?
Ellis gives the example of renting out his house. Let's say all the locks are Internet-enabled and they've all got network connections. When you make a bitcoin transaction for the rent, the smart contract you and I agreed to automatically unlocks the house for you. You just go in using keys stored on your smartphone.
A smart contract would also make it trivial to set up dates when those digital keys would automatically expire. It sounds a bit like Airbnb without the need for Airbnb.
And if you think about it, that's the fundamental transformation smart contracts are after. A service like Airbnb is desirable because it obviates the need for the host and the guest to trust each other--they both only need to trust Airbnb. If the guest doesn't pay up, or the host doesn't leave the keys, either of them can take it up with Airbnb.
Doing the same sublet with a smart contract would supplant a business model like Airbnb's. The homeowner and renter still don't need to trust each other--they just need to trust the smart contract. Smart contracts would decentralize the model of who needs to be trusted. And in doing so, it would cut out hefty fees by brokering services like Airbnb.
But smart contracts don't have to just disrupt existing business models. They can also complement them. Way back in his '94 essay, Nick Szabo envisioned the idea of smart property writing that smart property might be created by embedding smart contracts in physical objects. His example of choice was a car loan, writing that if you miss a car payment, the smart contract could automatically revoke your digital keys to operate the car. No doubt car dealerships would find this appealing.
Internet of things, the Chinese government pay close attention to the project!