1 Level
1 Review
12 Karma
Review on Ethereum by Seiichi Nakanose
In the Smart Contract of the company, it is possible to permanently store the…
In the Smart Contract of the company, it is possible to permanently store the contents of the contract exchanged in the past on the network. Credit information is automatically accumulated by saving the history of the contract, the transfer of rights and so on.
All contract contents done in the transaction are written in the block chain which is a decentralized network so that everyone around the world can review and audit the contents at any time. In addition, counterfeiting / falsification is difficult by constantly being exposed to the eyes of an unspecified number of people. Therefore, it can be said that it is a highly reliable system.
Pros
- Smart Contract is an extremely promising approach with the possibility to change the framework of the world so far.
Cons
- Development delay and rise of mining difficulty.
