Thursday, October 21, 2021

Etherparty Wants Everyone Making Smart Contracts

Etherparty Wants Everyone Making Smart Contracts

Ethereum fans often tout the power and efficiency of smart contracts. The average person, however, understands little beyond the price of ether (ETH). The creators of Etherparty say they have a way to make the technology more accessible.

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Etherparty, which began in 2015 and is about to launch a beta test period, promises to make smart contracts “as simple as filling out a form” — with no coding knowledge required. As a cloud service, there’s also no need to use existing Ethereum clients like geth, Meteor and Mist.

In fact, despite its name and origins, Etherparty is designed to be blockchain agnostic.

Employment, Real Estate, Supply Chain, Even Tokens

The team hopes to expand smart contract adoption far beyond what it is today, and into everyday business and consumer use cases.

handshake business contractExamples would include contract worker management, escrow payments in any currency, supply chain management, real estate contract and sports betting. Users can also create their own tokens, which could be used as private currency… or crowdfunding sales.

As well as a desktop user interface there will also be a mobile app.

If you’ve ever used an online automated task service like IFTTT (if-this-then-that), then parts of Etherparty’s interface will look familiar. Templates cover a range of “event triggers” based on digitally-verifiable external events — like work completed, goods received or payments made.

And while IFTTT is a handy tool for automating basic life and work tasks, it can’t do anything complex like make payments or manage an employee. Etherparty also compares itself to more advanced services like LegalZoom, which saves its customers thousands of dollars on lawyer fees with legal document templates for all occasions.

Etherparty’s video also describes making distributed apps (DApps) and decentralized autonomous organizations (DAOs).

Given that Ethereum’s most infamous incident was the (initially) costly destruction of a poorly-coded DAO (called “The DAO”), that latter use case may strike fear into some hearts. Etherparty touts “continuous security testing” as a feature, which is something users will want to be certain of before entrusting the platform with significant amounts of money.

For those interested in learning more about the upcoming ICO for the platform, Etherparty recommends visiting their website.

Would you use a tool like Etherparty? Let us know in the comments.

Images via Etherparty

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