Smart Contracts What Are They, How Do They Work And What Do They Contribute (Part V)

Smart Contracts What Are They, How Do They Work And What Do They Contribute (Part V)

In the last post we spoke about “Platforms Innovating with Smart Contracts

This is Just the Beginning

And here comes, for the moment, our tour of this exciting branch of blockchain technology.

Smart Contracts What Are They, How Do They Work And What Do They Contribute (Part V)
This is just the beginning!

As you have seen, some platforms compete for similar solutions in an environment of constant creativity but all with the same goal: to eliminate friction points from the traditional system to save people time and money.

Just a few years from the first steps of Bitcoin, only a few will take the trouble to read this text (feel fortunate), even fewer will be those who delve deeper into it and very few will decide to step forward and take action.

There is Always Something To Do!

There is everything to do, there are many problems, many things that work badly, isn’t this a unique opportunity to do something?

Smart Contracts What Are They, How Do They Work And What Do They Contribute (Part V)
Bitcoin.

Little by little one can imagine a tomorrow without large multinationals monopolizing sectors, but transparent codes that live infinitely in a chain of blocks and are capable of orchestrating the provision of all kinds of services at no cost (or a ridiculous cost compared to the current one).

We are moving towards a global world, but distributed, without intermediaries or big companies organizing everything as they please in the shadows.

A global world with global services, where smart contracts have all the ballot papers to be the seed of an unprecedented change: more than 25 billion devices connected to the Internet are estimated in 2017, all of them susceptible to execute smart contracts between them on a daily basis.

What if you could reduce your mortgage rate, create community aid funds, create/update your will at no cost, make sure your friend would never be able to slip away without paying a bet or have a real, fair and efficient democratic system in your country that has never been seen before?

Decentralization?

Smart Contracts What Are They, How Do They Work And What Do They Contribute (Part V)
Are You Ready?

Remember that all this is based on one key foundation: decentralization.

And always about open and free codes that anyone can see, study, copy and improve.

Imagine a Uber without Uber, an Airbnb without Airbnb: A smart contract that opens the locks to the person who pays = savings in intermediaries and costs (Airbnb gets 10%). Real P2P.

Smart contracts are translated into this and much more, now we only need to create simple interfaces that make use of this potential in specific cases. Are you ready for it?

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