The concept of Ethereum is a Public Blockchain platform helping developers to build and publish distributed applications.
Launched in 2014 Ethereum is more advanced than the Bitcoin Blockchain. You can place any business within the Ethereum system. It is a platform that can also function with Smart Contract functionality. , Ethereum is a decentralised software platform that enables SmartContracts and Distributed Applications (ĐApps)
Smart Contracts offer transparency and trustworthy with pre-written logic (computer code) attached and also gives us distributed accurate calculations that are self-executing binding contracts.
There are very beneficial benefits for businesses around the world that will store and secure valuable information and run full payments for you from the Blockchain.
We know that the Blockchain is a very powerful and a valid source of information, so when you add smart contracts in place on top of the Blockchain, it will be one of the most advanced technological advancement of our lifetime.
The music industry, mortgages, loans, health care, medical every industry in the world is about to be disrupted because of the Smart Contract concept.
Musicians are a great example, they write and record songs, and then the record label will claim a huge percentage of the profits.
This means Artist may lose the royalties they rightly deserve. Smart Contract concept will allow them to sell their songs, and people will be buying directly from the artist, and they will gain royalties as and when the songs around the world are sold, Via the Blockchain.
This will be an industry game changer for musicians and many other industries around the world.
The Smart Contract will have all the details of the royalties pre-written in, and the Blockchain will execute and verify this sale or play of the song straight to the artist.
Ethereum also has joined forces with Microsoft for Blockchain developments which will now be a huge player in the space of Blockchain Technology.
Ethereum is really moving in the right direction so I highly advise you take a serious look further into this platform as experts are saying the price will increase far greater here than what Bitcoin has achieved. This is the most advanced Blockchain platform on the market, It is a world computer that will act as the next internet, It is simply mind blowing what has been created here by genius Vitalik Buterin.
Ethereum is designed as a world computer that will act as the next internet, It is simply mind blowing what has been created here by genius Vitalik Buterin.
Contact for more information