The Smart Money Economy

Smart contracts, a feature of "Bitcoin 2.0" technologies such as Ethereum, could soon operate on the Internet of Things (IoT), control objects in the physical world, and power a new decentralized version of the sharing economy, for example sharing services similar to Uber and Airbnb that operate in pure P2P mode without centralized management. Smart contracts represent a disruptive innovation with a huge potential. In 2001, legendary cryptographer Nick Szabo spoke of smart contracts that solved the problem of trust by being self-executing and having property embedded with information about....

At its core, inflation is caused by too much money in circulation compared to aggregate demand in any given economy. A rise in the amount of money in circulation is only necessary when there is an increase in productivity gains at par with the new amount injected into the economy. Similarly, the value of the […]

Cryptography and smart contracts will give counselors and other mental health professionals freedom to choose how they conduct business, and ethical regulations will be imposed in a decentralized and peaceful fashion based on network consensus. This privatization of counseling will ensure fairness as well as punish shoddy therapists. It will also abolish....

Binance Smart Chain network-based Smart Contract is the rising star in the crypto business. As a matter of fact, it is considered to be a crucial contributor to the blockchain economy. Lately, countless financial opportunities have been coming up for crypto investors and enthusiasts in various forms. DeFi (Decentralized finance) is one such protocol. It […]

Accenture has been going big on blockchain technology. In a report from the publication BBC News, the leading global consulting agency believes the protocol could help people cut electricity costs with a smart plug. With the consulting firm headstrong about this emerging tech the company continues to bolster its use cases. The multinational management consulting services company Accenture PLC has researched and developed a smart plug prototype. The plug helps users save money on their electric bill by using smart contract technology to find cheaper tariffs. The head of Accenture’s French....