The smart contract an administrative RoboCop

[Shishirgano9]

Gramatik is not the first to transform his royalties into securities. In 1997, David Bowie surprised many by issuing "Bowie Bonds" , savings bonds that could be purchased in increments of $1,000 and promised a return of 7.9% over ten years.

The whole thing was guaranteed by the value of his a complete list of unit mobile number database master tapes and the publishing share of his royalties. This unprecedented operation allowed him to pocket no less than 55 million US dollars and was made possible because Bowie had managed throughout his career to retain the rights to his sound recordings ( masters ) and his editions ( publishing catalogs ). In short, Bowie managed to transform his entire work into savings bonds . However, it is no easy task to make your debut on the stock market and in the bond market. However, what is changing the game today is the fact that blockchain would theoretically make it possible to issue securities on the market in just six minutes… In the past, this was something that took six months to set up.

Blockchain technology also allows for the creation of smart contracts . A smart contract is a distributed application that is spread across the nodes of a blockchain network. To simply explain what a smart contract looks like, we could use the analogy of an administrative RoboCop . Once released into the wild, the smart contract performs the tasks for which it was programmed, incorruptibly and immutably. It is designed to outlive the company that programmed it. Once launched, nothing can stop it unless a democratic vote in the network decides otherwise.