How Smart Contracts can change the world of business - page 4.

ICO Lancer

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Quote from: davoshuntcrypto on March 28, 2018, 10:51:48 AM

Hello all,

I came across this article, and I would like to hear your opinions whether you agree or disagree. Are there any industries that they missed in the article? I think people forget too much about smart contracts and blockchain here and focus too much on the actual token and the price. The reason they have a price is the valuable technology behind it.

https://medium.com/crowdholding-innovation-platform/how-can-smart-contracts-change-the-world-of-business-46f00da93e87

Gambling, all things entertainment, and other such fields will definitely change in the future because of smart contracts.

I think it's definitely an amazing piece of tech and its uses are limitless.

honeyduckgoose

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I think its only a matter of time till we see this being adopted on a large scale. I just think people are a little scared about new technologies until they have been proven to be effective.

Cryptogiji

member

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I really do think they will change so many processes in the world of business, great article!

repetecrypto

jr. member

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Just needs adopting and legality to be added and we have an amazing new system!

1902spizirna

newbie

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I agree, the technology is there now it just needs the implementation and adoption from the business world. I think it will take years though for businesses to final adopt it, but the ones who are the early adopters will be ahead of the game.

DeepChipolino

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Quote from: djamielove on March 29, 2018, 03:15:34 AM

I agree with this article.

Maybe one area that was not discussed in the article would be rent, imagine if you didn't pay, you couldn't get access to your flat.

This offer of the IOTA project (for example). Now there are some implementations, but they do not use the global blockchain. For the time being P2P only.

alexzorgo

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Smart contracts are very underestimated, I consider. In the real world a lot of things are solved through intermediaries, especially if it is geographically distributed business. But widespread introduction of smart contracts shall solve trust problem in business. Good business cases of implementation of technology are necessary. For this purpose business shall make sure in safety of implementation and application of blockchain in the ecosystem.

salandacrypto

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I think it is only a matter of time before it is adopted on a wide scale, blockchain is cheaper, faster, safer and cuts out human error, what's not to like?

LeroyBro

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I think blockcchain/smart contracts are definitely underrated piece of technology. And I'm really looking forward to see it being used in many other fields daily.

bardclowncrypto

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I think over time more and more companies / institutions will adopt the technology as it is quicker, safer and more efficient in both time and cost. I think what needs to happen is one big company to show the benefits and what Smart Contracts can do.

djamielove

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I agree with this article.

Maybe one area that was not discussed in the article would be rent, imagine if you didn't pay, you couldn't get access to your flat.

oiskipoiskicrypto

newbie

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Great article, thanks for sharing!

I agree I think Blockchain is only going to become more and more of a utilised system in the coming year!

potraviny

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The only thing that can stop it is the legality and mass adoption.

It is clearly a better system.

xIIImaL

legendary

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Quote from: pey on March 28, 2018, 11:26:03 AM

I agree with that, smart contracts will change all the world of business completely. Ethereum is still very undervalued if we consider the future. Everything has just started.

After market emergence of ethereum we are seeing the smart contract making the way of new cryptos to come in the market. Because of that only we are seeing the 1000+ altcoins in the market now. there are people still swapping to the other smart contract option such as NEO, ADA and steller.

Who said to you that ethereum is undervalued mate. From the past two years you may find the ethereum in the top 3 altcoins and market value we are seeing is not a permanent value bro. Again after the price bump will find all the cryptos bump together with bitcoin.

orions.belt19

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Quote from: cryptopiper on March 28, 2018, 12:35:49 PM

I agree with the article and the statement.

People all know about bitcoin, but ask them about blockchain and smart contracts and they have no clue. I think people need to be educated in why cryptocurrency is so valuable, that way they can make better choices with their investments, instead of just hearing things like "This will increase by 100% in value).

Nice article.

Some people are blinded by the thought that they could get rich through bitcoin and don't even stop to consider what it's all about. Many have failed to recognize how revolutionizing blockchain technology and smart contracts is for businesses. If people come to know about smart contracts, it may revolutionize the world of business as we know it. In my country, there have been numerous fintech start-ups and businesses initiated by young people.

iigor

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I think that smart contracts will make a significant difference, but will not be able to change the business world in its core.

rezurect

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They have the needed innovation to be really useful for certain applications, but I don't think digital contracts will ever replace physical ones.

BossMacko

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I also believe that smart contracts can change the world of business, right now it is true that smart contract are being used for income only but there are some that are really dedicated where in they already have a products and they are just enhancing it for the users or investors to enjoy using there products.

krauzzer02

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When I was a beginner to cryptocurrency I stumbled upon the Smart contracts got curious as it resides in the blockchain especially the Ethereum implements this computer protocol, It resolves most of the traditional contracts critical problems and loopholes, no intermediaries, transparent and innovative way to deal with contracts the problem is that some projects or platforms use smart contracts to scam people well those scammers are literally everywhere.

cryptodagger

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Stable coin to make charity free for everyone

It can change the world of businesseses if and only if those companies will start using smartcontracts because if they wont it doesnt even make sense ,traditional businesses wont mind the technology behind blockchain all they want to see is how much they can earn not knowing it has a bigger picutre in the near future.

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