Topic: How smart contracts will disrupt real life industries? (Read 85 times)

Hi there,

As you might know cryptocurrency is not only a payment option or volatile market for trading. Blockchain technology might be applied as smart contracts into real life by replacing contracts prepared by lawyers or legal advisors.

Everyday new ICO's born which aims to use blockchain technology for use cases like payment, social media, infrastructre, or a settling medium utilising smart contracts. All of them promise fast and reliable payments. There are a few projects amongst which are going to disrupt the related real life industry.

One of those projects is CargoCoin Platform which will utilize smart contracts to replace paper based documentation, which will eventually increase profitability and reduce fraud and opportunity cost of equipment (which is a high cost when the size of the equipment in shipping industry and costs related with them in this case). The platform will provide free services to the related parties so it will have a huge user base from the International Trade and Transportation Industry.

The other project is ContractVault. This platform aims to be a standard of settling for ant business. Everyday people will be able to create a contract through the platform just by simply dragging and dropping terms etc. Custom contracts on the platform will be audited by lawyers which will enable them to earn VLT tokens.

These two projects have potential to bring mass adoption to cryptocurrency.

What do you think of mainstream adoption guys? Is it near?

Kind regards,