Real world application of smart contracts?

mm511mm511 Member Posts: 3
Hello all, this is my first post here and I hope this is the right area to put this.

I work as a management consultant and some of my clients expressed interest in Cryptos. The industries I work in are Finance, Insurance, and Real Estate . I have done some research and Ethereum seems to be the solution I would recommend or at least advise someone to use, the questions I have about Ethereum are;

1) How useable is all of this stuff/blockchain and can your run of the mill business implement it?

2) What time scales are involved?

3) Other than ICO tokens I don't know a use for smart contracts and haven't actually seen one and how you would make and manage one?


I had a client that used to struggle managing ticket requests from customers, so I recommended they use Jira. This solved their problem of managing a large number of tickets. Is there an example of how you could use Ethereum in the same way?

Would be great to get an example that's not theoretical... B) B) B)

Comments

  • RedsquirrelRedsquirrel Member Posts: 32
    I don't know enough about smart contracts to know if this would work... but I was thinking game servers. When you donate to the server, it would initiate code that would give you a "thank you" item in the game. I did this on my game server but with Paypal, but I imagine it could be done with smart contracts. Or even just online stores. The smart contract would be the check out process for a sale.

    Or Blender rendering or general GPU based computations. You already got miners with GPU rigs, so some could setup a smart contract that temporary stops mining in order to process a data set for a fee. In fact this could maybe even be built into a special "pool" system where it uses multiple rigs at the same time. So you enter your rig into a "rendering pool" and get paid in ether based on usage. You would not need to be a miner to do it, but since you already have the hardware may as well use it for both. I don't really know how big demand for something like that would be though.
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