At The Future of Bitcoin Conference in Arnhem, Netherlands, lawyer Jon Swingle posed the question: how has blockchain affected both money and contracts?
‘Smart Contracts vs. Dumb Money’
“Money is just the first app,” Swingle said, quoting Andreas Antonopoulos, highlighting the sentiment many in the cryptocurrency community share.
The blockchain technology, they say, Bitcoin’s underlying infrastructure, is what can really change the world. Forget about money, we can use a blockchain for everything.
Smart contracts quickly emerged as one of these post-bitcoin applications of the blockchain. With the ability to execute almost any digital interaction imaginable, smart contracts attracted much fanfare from techno-dreamers imagining digital utopia.
But how far can these smart contracts actually go? What has the blockchain changed about contracts that make the “smart” ones so revolutionary?
In his presentation, Swingle addresses this question. Taking a broad look at the topic, Swingle examines how the blockchain has changed money over the last decade, and transitions into a look at how the technology can do the same thing to contracts.
If you’re interested in this question, and want to know what Swingle has to say about it, watch his full presentation in the video down below:
About The Future of Bitcoin 2017
The Future of Bitcoin conference took place in June-July 2017 in Arnhem, Netherlands. Presenting at the event were several high profile individuals who will be making key decisions about what Bitcoin is, and how it works, in the years to come.
This is a comprehensive video series featuring all the speakers and panels from the 2017. event. Watch them for a direct insight into the minds engaged in research and development to keep Bitcoin disruptive, decentralized, global and permissionless.
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Image via The Future of Bitcoin