Review on MyWish by Robiul Islam
Making Contracts Really Smart. For Life.
It has a very wide list of use cases in the real world. We are still far away as a contract to accept the smart contracts from the general population.
The legal issue is really only another concern here. If the agreement is not met, then the court system often involves the arrangement of the Marriage or Inheritance as a legally binding agreements . This is not just a matter of concern for MyWish, but it is generally a long-term problem for smart contracts.
ο»Ώ
Pros
- Lost Funds Are A Big Issue For Currencies With Limited Total Supplies Such As Bitcoin & Ethereum. Smart Contracts Can Help Prevention Accidental Loss Of Funds.
- Real World Problems That Depend On Contractual Agreements Are Still Trust On Paper Or Files Held By A Particular Party.
- It Has The Advantage To Be Used In Numberless Areas. Marriage, Inheritance, Rental Agreements. The List Goes On.
- Website Is Clean And Easy To Understand Even If You Are Not Familiar With Blockchain/Smart Contracts.
- Strong Team. Lots Of Developers Including Both Frontend And Backend. Financial & Legal Members Are Vital And Look To Be Very Experienced.
Cons
- Although one of the first movers in this space, Digipulse is working in the same idea but is mainly focused on succession rather than general contracts. There willbe more competition for MyWish.
