Blockchain Scenario Examples
- Smart contracts
Problem
Smart contracts are software programs that are stored on blockchain networks. They are executed automatically when predefined conditions are manifested. They are useful because they exclude intermediaries. There is no need to trust other parties as the system is secure and transparent. The challenge is to create a network of retailers, small businesses and tech-savvy customers so as to ensure seamless cryptocurrency payments and real-time tracking of deliveries.
Potential Solutions
- Creating a smart contract platform based on blockchain technology
- Building an ecosystem of retailers, small businesses and suppliers that works without intermediaries
Example
XMoney provides seamless crypto payments for retailers, helping them save on transaction fees and attract tech-savvy customers who pay with cryptocurrencies.