One of the most obvious use cases for blockchain technology comes in the form of deploying smart contracts. Unlike its traditional contracts counterparts, a smart contract operates completely autonomously without relying on any human oversight. It goes without saying this technology holds a lot of promise, both in and outside of the financial world.
The World of Smart Contracts Is Here
The way companies do business can be streamlined by quite a margin, which will not only make day-to-day operations more efficient, but also reduce overhead costs by quite a margin. Putting that terminology into practice, however, is a lot easier said than done. Bitcoin and smart contracts will be able to lend a helping hand here, though.
To many people, the concept of using Bitcoin as a means of transferring value either makes a lot of sense, or no sense at all. Until people figure out how they feel about Bitcoin as currency, the underlying technology will help transform our daily lives unlike any technology