Why?
It seems like reviewing complex software code to make sure it’s well understood and no edge cases exist is a costly endeavor.
It seems like reviewing complex software code to make sure it’s well understood and no edge cases exist is a costly endeavor.
Crypto and smart contracts have been around for awhile, and have certainly had enough hype and money thrown at them. So why aren't there any serious uses of these things yet?
How long did it take online travel booking, or ordering books from Amazon, to have a clear and growing market once the basic concept had been developed? How long did it take Instagram to get users? How about Stripe?
Why do people keep talking about how in the future we "will" do this and that other thing with blockchain, but years go by and we're not doing it?
Is it possible that the use case comes first and building out the tech comes second?
Both scenarios require review by well trained specialist experts.
You can also similarly “gain efficiency” by signing complex contracts without consulting attorneys. Many people do for smaller scale agreements.
Where does the part happen where using computer code is cheaper than using a piece of paper?
That's the case for almost all internet technologies. In the case of smart contracts it allows instant settlement.