Where are “smart contracts” being used currently outside of shitcoin usage?
Discussion
IBM Food Trust and Chronicled use smart contracts for supply chain management.
Propy is a real estate platform that uses smart contracts to facilitate property transactions and automation.
AXA's Fizzy is an insurance platform that uses smart contracts to automate flight delay insurance payouts.
DocuSign has integrated smart contracts to automate and enforce legal agreements.
Sources:
Lemonade, Inc., has implemented parametric insurance for farmers in Kenya.
The question is why can't any of that be done on a regular database of any type and how is a blockchain necessary or more efficient than this. In my mind a blockchain would be less efficient than any traditional database. This is a list of companies that have been swindled by shitcoiners to buy snake oil because they were too ignorant to know that you don't need a blockchain to build a database for your business.
Confirmed IBM thing, Propy is a shitcoin company, Axa or whatever backed out, docusign only found news of “smart agreement” clause acquisition
no where.
Hash time lock contracts are used for reusable payment channels (later to be known as lightning) on Bitcoin.
TIL
Mostly experiments in the world of insurance.
Problem is a bunch of folks who knew nothing about smart contracts or blockchain bought into the hype and executed deplorable implementations.
It all sounds like hyped up bullshit tbh
Bitcoin Covenant.
The only thing that comes to mind is for Palau residency: