Commercial smart contract adoption next market driver: Mark Cuban

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 51%

Singapore News News

Singapore Singapore Latest News,Singapore Singapore Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

how klever_io and his Kapps 🔥🔥🔥🔥🔥

This is true , only the projects which develop real use cases to the world and have strategies for the product will not collapse. This is why I'm buying RLC $RLC in this dip . Absolute GEM 💎🚀☝️🌕🌍💚 web3 NFTs ETH altcoins cryptocurrencies BNB

iExec $RLC intends to decentralize the cloud computing market by building the future internet infrastructure. The goal is to provide businesses with scalable and secure access to the services, data sets, and computing resources they require. Comparable to Uber's business model.

AHEM....iExec's workerpools anyone

The L1 solution + Dex + financial instrument has arrived PulseChain HEX pulsex

Casper_Network Casper_Labs

Avalanche is the crypto smart contracts queen platform, nereusfinance is the king defi protocol on AVAX and $wxt locked or staked is the safe haven in this extremely fearful market.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in SG

Singapore Singapore Latest News, Singapore Singapore Headlines