Hey Everybody,
For the most part, we all have heard of the Blockchain. It is most commonly used in conjunction with
Virtual Currencies, such as that of the Bitcoin and Ethereum. But did you know that it can also be used for
the creation and execution of contracts?
These are technically known as “Smart Contracts”, and a good, technical
definition of it is as follows:
Smart contracts are simply programs stored on a blockchain
that run when predetermined conditions are met. They typically are used to
automate the execution of an agreement so that all participants can be
immediately certain of the outcome, without any intermediary’s involvement or
time loss. They can also automate a workflow, triggering the next action when
conditions are met.
(SOURCE: https://www.ibm.com/topics/smart-contracts).
In other words, you don’t have to keep following up with
everybody to determine when a contract has been signed, or if the key actions
in it have been done. This is all
automated through the Blockchain.
Probably the biggest advantage of using a Smart Contract is the
protection of all parties that are involved, and the confidential information
and data that are stored in them.
In today’s podcast, we have the honor and privilege of
interviewing Mr. Anthony Figueora, the CTO and Co Founder of a top AI company
known as Rootstrap. He will be
explaining to use all of the details of the Smart Contract, and even how you
can use it for your own business.
You can download the podcast at this link:
https://www.podbean.com/site/EpisodeDownload/PB11BBBE0FNZ3X
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