Microwork.io Uses Smart Contracts to Coordinate Small Tasks Worldwide
While the Internet has allowed people all around the world to find freelance work at the click of a button, it also has created a situation where these online workers are sometimes exploited or simply not paid for their work. Microwork.io is a startup that plans to put power back into the hands of the freelancer and allow the poor all over the world to....
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Smart contracts are an essential building block within the cryptocurrency ecosystem and are the core of many decentralized applications (dApps). These programs run when predetermined conditions are met to help automate workflows, execute agreements, and carry out other essential tasks that can be governed with “if/when…then…” statements. Programmed by developers, smart contracts are trustless, autonomous, decentralized, operate transparently, and are unable to be reversed or modified. These attributes make smart contracts a useful tool in reducing or even eliminating the need for....
Smart contracts hold tremendous promise as the 'killer app' for blockchains. If you're not familiar, a smart contract is a computer program that automatically executes the terms of a contract on a blockchain. In principle, you can use smart contracts for a wide variety of purposes, such as wireless service contracts, apartment and hotel room rentals, freelance work contracts, automating payments – anyplace you'd want to cut out the middle person. With more than $17bn in assets stored in just the top 10 cryptocurrencies, there currently is a huge opportunity to give existing blockchain....
BURST now makes smart contracts possible through the block chain. One of the promising applications of the block chain technology are smart contracts. Different startups have been working on launching smart contracts, like Ethereum, but it would appear that a small crypto startup has beaten everyone else to it. BURST has issued the first coin that enables you to create smart contracts straight out from the wallet. The coin uses a Proof of Capacity. BURST uses fewer resources as it only reads from your hard drive once per block and does not use power hungry graphic cards while mining. BURST....
Smart contracts present one the most promising tech solutions for business, but there are still barriers that have to be addressed. The internet is buzzing over recent developments in decentralized finance, or DeFi — smart contracts are hotter than ever. You might think you missed the coronation ceremony, but smart contracts are actually used in only a small corner of the crypto world, albeit a corner worth billions of dollars. It’s a promising concept that has gone widely unused in the business world.Despite the headlines and in spite of crypto-cloistering, smart contracts are not....
With contributions from Zerado, FinTech Network have produced a whitepaper that looks at smart contracts and how they could improve efficiencies within the banking sector. The whitepaper highlights: How smart contracts aim to provide security that is superior to traditional contract law and ways they can reduce other transactional and administrative costs. The workings of Ethereum as one of the best examples of smart contracts in practice. Ways that smart contracts could benefit areas such as mortgages, clearing and settlement, KYC & bonds. How challenges with conceptual misalignment,....