http://priceofliberty.tumblr.com/post/115180134488/qoras-automated-features-may-soon-change-the"his means that Qora becomes open to infinite possibilities. Automated Transactions provide Turing Complete smart contracts hosted on the blockchain, thus anyone will be able to create his own program, script, or smart contract. For example, stakeholders may propose to create a lottery. Its payout would be automated, so no third-party would be responsible for managing the game or its balance. The AT feature is not limited to gambling. Automated transactions also enable ‘smart contracts’ which are financial arrangements that self-execute when certain conditions are met. Crowdfunding can be done by enabling ATs to refund donors if a target amount has not been reached.
ATs also enabled crypto-auctions to become a reality. In the past, users couldn’t bid on an item unless they trusted the user to return their amount in the event someone outbid them. Not only was this dubious, but it was inefficient because each transaction exacts a small fee. Automated transactions allow users to send funds which can be automatically refunded if they are outbid. Online commerce got its start in e-auction houses like eBay. Auction houses facilitate commerce by providing an efficient and reliable forum for users to exchange goods and services more directly.
Automated transactions also enable users to create conditions under which funds can be automatically transferred in the event an account goes dormant. Much like the divestment of assets through a last will and testament, a dormant funds transfer can occur to mark the end or beginning of a cycle. The possibilities for managing one’s funds are limitless. A cryptocurrency with this capacity makes for a sound future investment."
"Perhaps its most flexible feature of all, Qora holders will soon be able to conduct transactions directly with separate cryptocurrencies. Qora will use an automated transaction to enable an “atomic cross-chain transfer” to be executed, allowing users to circumvent the need for any centralized third-party exchange. This prevents the problem of what to do when A trades with B via a third-party only to realize B backed out after collecting A’s transaction."