It seemed like a science fiction scenario that only a few took seriously.
The thing is, society evolves exponentially, and at their outset, cutting-edge technologies are never mainstream.
General audiences find them too complex, bizarre and unrealistic.
For instance, long before the Internet, people did not believe in paper and printing.
Yet, when Johannes Gutenberg printed his42-line Bible, he changed the world forever.
Blockchain technologyhas fallen victim to that same kind of thinking.
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The Internet has allowed us to exchange information, but cryptocurrency and blockchain will enable us to exchange value.
Blockchain tech has the potential to revolutionize the global economy.
Specifically, it can become a huge boon to small businesses and startups.
There is one problem, however.
Non-tech companies and small businesses are not equipped to begin using blockchain, right off the bat.
The blockchain is rather complex in a technical sense and consequently, pretty expensive to implement.
The good news is those small companies do not have to do the heavy lifting on their own.
I asked Sergey Grybniak, founder ofOpporty.com, to tell us more about the startup.
Most small businesses do not havea brand that users implicitly trustbased on its history, authority and business image.
Opporty.com solves this problem.
A blockchain-powered marketplace, Opporty establishes trust through smart contracts.
A distributed public ledger, blockchain stores data about transactions (i.e.
smart contracts) across a internet of independent nodes.
Should one node be destroyed or manipulated, it will not corrupt the entire data pipe.
Blockchains are safe, indestructible, and immutable.
This guarantees security, preservation, and immutability of Opportys smart contracts.
Problem-solving without intermediaries
Blockchain-powered smart contracts are designed to be automatically executed, based on defined parameters.
This is a groundbreaking advance that simplifies the administration of commercial contracts.
Unfortunately, they do not guarantee that a contracting party will comply with the contractual terms and conditions.
However, In many instances a court case is not financially viable.
Strong smart contracts executed at Opporty.com solve this problem.
Any smart contract is a digital document executed in code.
This helps them streamline business processes and significantly cut expenditures.
Blockchain is still in its infancy, and the barrier to harnessing the technology is high.
Cryptocurrency enthusiasts are valuable prospects that can strengthen the bottom line of any small company.
Opporty.com provides unique lead-gen opportunities.
Registered users submit requests and make offers to land the best deals.
), we, as a society, may not yet be ready to embrace individual autonomy.
Traditional systems exist for a reason, and, by definition, they work pretty well.
Corporations are making inroads into implementing blockchain and smart contracts.
However, small businesses lag behind.
Will small companies start using blockchain and smart contracts, then?
At least they can test the waters with Opporty.com.
Story bySophia Addison
Sophia is an enthusiastic blogger and health and fitness expert.
She is very passionate about writing on health, fashion, technology, education, travel etc.
She is associated with Gyanne.
