This episode is the first part of the share on how some enterprises are leveraging smart contracts in their businesses. I speak about how some companies have improved their business process efficiencies by converting these processes to blockchain logic and incorporating smart contracts.
Welcome to the Blockchain Hustle where I take a look at some interesting plays of how blockchain technology is opening up new business vistas across multiple industries.
TIME STAMPED SHOW NOTES:
[00.25] Revisit – What is a smart contract
[01.14] Value locked in a smart contract
[01.46] Features of smart contract making it viable for businesses
[03.11] Usage examples – Business process efficiencies
[03.29] (a) Secure and efficient documents workflow: Antwerp Port Authority & T-Mining
[06.05] (b) Letter of Credit process – Bank of America Merrill Lynch and Microsoft
[07.42] ( c) Escrow via smart contracts – Cost & time effective
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