Through this process, you’ll start to see smart contracts being used in everything from automobile leasing, stock market exchanges, to insurance contracts.
Blockchain could radically change how we view a contract without even having to sign a paper document. Considering blockchain is already a public ledger, the exchange of digital information already suffices as a physical signature.
Businesses like yours are already facing increased competition, so being able to do faster e-commerce is always to your benefit. Using blockchain solves this in many ways, including smaller peer-to-peer marketplaces.
In the latter case, you’re seeing a more natural way for consumers and businesses to transact without all the worryabout data being compromised.
Best of all, it’s creating a decentralized economy, meaning many small businesses can avoid being shut down by a central company. The blockchain opens the door to many businesses like yours in saving time and money having to pay out to network intermediaries.
Visit us at Insane Lab to learn more about revolutionary technologies like blockchain.