Blockchain Business, the next disruptor | Platinum trading Institute

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CRYPTOCURRENCY

• Blockchain Business,
• the next disruptor

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Blockchain Business, the next disruptor? Be ready
for the Smart Contracts Era!

• The power of Blockchain technology that now finds
  applications in fields as diverse as finance,
  engineering, medicine, and even in contract law.

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Blockchain Business, the next disruptor for
Contract Law

• Blockchain technology is the new disruptor for
  the 21st Century. Just imagine, if in
  mid-fifties, you were told that the internet is
  going to be the lifeline for humanity no one
  would have accepted it. Similarly,
  today Blockchain Business is becoming the
  foundation for all the above-mentioned fields
  the contract law. And, it is poised to be the
  21st-century life-line for humanity.

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Smart Contracts 

• The present applications, outstandingly in
  Finance and Supply chain, are supported by the
  first Bitcoin stage and changed Ethereum organize
  that enables the coders to coordinate both.
• A salient offshoot of this technology is
  the Decentralized Autonomous Organizations (DAO),
  a technology that is being embraced by the legal
  profession with zest. 
• An immediate use for this technology is in Smart
  Contracts. According to Nick Szabo they
  represent a series of coding that introduces
  clauses in the contract so that assets are
  released if and only if predefined conditions are
  met. 

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Smart Contracts 

• This autonomous verification process embedded in
  the smart contracts has several advantages. It
  offers a Blockchain Business -based verification
  process that is immutable and verifiable even
  in the most trustless environment. The process is
  also irreversible. So, once the execution of the
  Smart Contract, is initiated, it can not be
  reversed or stopped.

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THANK YOU.

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