Over the past 50 years we have seen every industry and financial institutions completely transformed by implementation and adoption of big data into their business models. Ever since this revolution experts have been predicting the next revolution and one that has been slowly capturing the imagination of the public is the potential usage for blockchain technology in Business. Multiply studies released over the last couple of years have suggested that blockchain technology could save large corporations lots of money.
Out of this line of thought has emerged the idea of Smart Contracts into public perception. A Smart Contract is an autonomous program which can verify or enforce certain agreements between multiple users stored in a blockchain. The potential industries this type of technology could be adapted to seems endless. Finance, Insurance, Law, Hospitality and even Delivery Services are just some of the industries that could see implementation.
Leading the current decentralized Smart Contract revolution, the charismatic Sergey Nazarov of Chainlink (LINK) has seen massive market growth in the Crypto world over the last couple of years despite not getting as much mainstream press as his Blockchain contemporaries he has grown a rabid grassroots following on the furthest corners of the internet.
An issue some critics have with the implementation of this tech is the cost association of it but what these people fail to understand is that in the finance world the best investment isn’t necessarily the one that could make the most profit, it can also be the investment that is the most stable creating the least amount of risk possible. Investor confidence is priceless in a world where pandemics can stop the entire world in a heartbeat.
Creating a globalized autonomous ecosystem of stability built on decentralized agreements in some of the most unpredictable industries is The Coming Age. Finance and Order.