Chapter
Smart contracts and the outside world
41:31 - 44:59 (03:27)
The implementation of smart contracts requires access to data about the outside world, beyond purely financial information, which is made possible through the business model of companies such as Climate Corporation, and increasingly for crime statistics. The potential of robotics is also considered in this context.
Clips
The future of value creation lies in the online world, where digital property and goods will become increasingly valuable.
41:31 - 43:15 (01:43)
Summary
The future of value creation lies in the online world, where digital property and goods will become increasingly valuable. Robotics will play a large role in this by turning labor into capital, creating value through electricity.
ChapterSmart contracts and the outside world
Episode#178 with Balaji - Balaji on How to Fix the Media, Cloud Communities & Crypto
PodcastMy First Million
Smart contracts are expanding beyond the finance industry, with examples such as utilizing crime statistics to provide modern-day oracle services.
43:15 - 44:59 (01:44)
Summary
Smart contracts are expanding beyond the finance industry, with examples such as utilizing crime statistics to provide modern-day oracle services. These smart contracts require data about the outside world in order to fulfill their purposes.