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https://blog.ethereum.org/2014/11/20/...ism-currency-platform-network-effects
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http://bitcoinexaminer.org/santander-group-bitcoin-affect-banking-industry
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What if you could cut your mortgage rate, make it easier to update your will, and ensure that your buddy was never able to weasel out of paying up on a bet? That and much more is the promise of smart contracts, a technology that is getting closer and closer to reality thanks to cryptocurrency.
Smart contracts are computer programs that can automatically execute the terms of a contract. Someday, these programs may replace lawyers and banks for handling certain common financial transactions.
And the potential for smart contracts goes way beyond simple transfers of funds. The door of a car or a house could be unlocked by connecting smart contracts to the Internet of everything. But as always with this cutting edge of financial technology, major questions abound: How will this all align with our current legal system? And, of course, will anyone actually use these things anyway?
http://www.fastcolabs.com/3035723/app...s-could-be-cryptocurrencys-killer-app
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http://www.coindesk.com/federal-reser...itcoin-potential-boon-global-commerce
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