The smart contract, an administrative RoboCop

[Shishirgano9]

The whole thing was guaranteed by the value of his master tapes and the publishing share of his royalties. This unprecedented operation allowed him to pocket no less than 55 million US dollars and was made possible because Bowie had managed throughout his career to retain the rights to his sound recordings ( masters ) and his editions ( publishing catalogs ). In short, Bowie managed to transform his entire work into savings bonds . However, it is no easy task to make your debut on the stock market and in the bond market. However, what is changing the game today is the fact that blockchain would theoretically make it possible to issue securities on the market in just six minutes… In the past, this was something that took six months to set up.


Blockchain technology also allows for the creation finland mobile database of smart contracts . A smart contract is a distributed application that is spread across the nodes of a blockchain network. To simply explain what a smart contract looks like, we could use the analogy of an administrative RoboCop . Once released into the wild, the smart contract performs the tasks for which it was programmed, incorruptibly and immutably. It is designed to outlive the company that programmed it. Once launched, nothing can stop it unless a democratic vote in the network decides otherwise.

A smart contract therefore makes it possible to distribute income between beneficiaries based on who owns what (number of balls). All this is done without administrative effort, there is no risk of human error, it is at very low cost and for eternal life. Amen.