Smart contracts can redefine business — But this doesn’t imply wide openness

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 47 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 51%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

While big business may move on-chain, CEO and publicist arieli asserts that this process will not spill out to public blockchains as often as crypto enthusiasts may hope.

In his monthly crypto tech column, Israeli serial entrepreneur Ariel Shapira covers emerging technologies within the crypto, decentralized finance and blockchain space, as well as their roles in shaping the economy of the 21st century.

All of this translates quite nicely into the corporate world. Any business operation often incorporates a specific sequence of actions that the company loops through again and again. Sounds a bit like a computer algorithm, doesn’t it? The same goes for a contract, especially with its terms and conditions easy to imagine as a set of constants with if-else terms and conditions. An automated and self-enforcing contract greatly reduces operational uncertainty.

Stablecoin issuers should not get too enthusiastic about this picture either. It's true that now they are positioned much better for enabling all things business-to-business since they do offer tentative stability, which is what businesses need. Those of them who manage to get into B2B blockchain projects right now might as well turn in a nice profit. Further down the line, though, they may end up dethroned by central bank digital currencies .

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

arieli With the dexioprotocol hunter app, you'll earn rewards while walking around. It will switch to its own network and will mark 2022 with its augmented reality technology. dexi dxg gems altcoin gamefi dexioprotocol

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 562. in SE

Sverige Senaste nytt, Sverige Rubriker