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Why does this need a blockchain?
by ezekg 8y ago
Why does this need a blockchain?
- SilverSurfer972 8y agoTLDR: Because Smart Contracts on the blockchain are the right tool for Secure Digital Agreements. Paperweight contracts are irrelevant in a world of data * A Smart Contract is cheaper to publish that the stack of paper handled by lawyers. * Code is cheap to iterate from whereas traditional SLA are expensive/slow to renegociate. Over time, SLAs drive behaviors that are focused on delivering a minimum level of service at minimum cost to the provider. * A Smart Contract is a code you can trust, understand and expect to behave instantly compared to the traditional SLM. * A Smart Contract is immutable. More about the benefit of Smart Contract over paper/digital agreements: https://www.forbes.com/sites/cognitiveworld/2019/03/10/rise-of-the-smart-contract/ https://www.forbes.com/sites/cognitiveworld/2019/03/10/rise-... Why not a python script? I don't trust the guy that handle that script. Blockchain is very good at bringing trust. I hope I answered your question [edit] formatting
- 00N8 8y agoso, are you saying we should replace social media platforms w/ decentralized sharing & aggregation driven by smart contracts? sounds intriguing but daunting