Commercial smart contract adoption next market driver: Mark Cuban

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Mark Cuban said that smart contract platforms that “improve business productivity” will be the ones to survive and drive the market moving forward.

Billionaire investor Mark Cuban has tipped commercial smart contract adoption as the next catalyst to drive the crypto and blockchain sector.was commenting on the current “lull” state of the crypto market in comparison to the internet or dot com bubble in the early 2000s, which saw a lot of over-hyped and relatively similar companies collapse.of late with nearly all of the top 100 digital assets facing double-digit losses over the past seven days..

Instead, he opined that smart contract platforms geared towards commercial usage and replacing software as a service apps will thrive long term: “What we have not seen is the use of Smart Contracts to improve business productivity and profitability. That will have to be the next driver. When businesses can use Smart Contracts to gain a competitive advantage, they will. The chains that realize this will survive.”

In terms of recent institutional backing of smart contract platforms, CoinShares’ crypto funds report for all of 2021 that Ether , Solana , Polkadot , and Cardano were the options of choice for the heavy hitters last year.

 

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