What are the killer advantages of using a distributed ledger for storing contracts as opposed to centralised ledgers?
Are you going to spin up an altcoin or are you planning to try and stuff your contracts into Bitcoin transactions?
Are you going to spin up an altcoin or are you planning to try and stuff your contracts into Bitcoin transactions?
Decentralized, p2p ledgers are thus far good at a subset of contracts in which no off-ledger is enforcement is required. Aka, they're good at cash-settled (bitcoin-settled) contracts, in which all parts of the contract creation, joining, settlement, and clearing can be cryptographically enforced, and a real-world legal system is not required to guarantee ownership transfer.
For example, if you want to sell the title to your house or car, if there are problems or disputes the real world isn't going to recognize some title transfer deal done on the blockchain and you'll have to resort to the irl legal system anyway. But any kind of pure financial contract is potentially game.