Imagine buying a car from someone.
You have to organise the transfer of money. Then send a form to the vehicle registration office and register the car in your name with a signed slip.
It’s time consuming. And the money transfer process leaves you open to risk.
A smart contract would allow the buyer and seller to transfer money and registration details. And, crucially, only make the transfer once both parties had completed their part of the deal.
Blockchain makes this possible.
Let’s make the example a bit less mundane…
Imagine a future where the car only starts for the right driver once this transfer has taken place. All according to the stated rules using a biometric key stored on the blockchain.
The blockchain is the piping of data, which will power our lives through a series of smart contracts.
We invite you to book an initial in-confidence Blockchain discovery session. We’ll bring you up to date with where the technology’s at, what other corporate and government entities and Australia are doing with it, and how you can use Blockchain to improve your service and security.