- The Crypto Crash
- Smart Financial Contracts
- Algorithmic Contract Types Universal Standards
The unforeseen has occurred since last year in the world of cryptocurrencies. The downfall was unexpected and a massive loss for the crypto holders. This proves there is a need for better ways to have Crypto’s most optimal and profitable functioning.
There are multiple ways to make crypto secure in the future. Tokenization is one such method, the drawback being it lacks transparency and unclear cash flow. t needs human intervention, which leads to errors, which would not be fruitful for either the buyer or miner and creator.
The Solution to the Crash
The ultimate solution for making Crypto is to standardize smart financial contracts that directly inculcate in the algorithm the logic of financial instruments in tokens, which in turn ensures errorless data. This is one of the revolutionary concepts which will help secure Crypto. Which will be beneficial in the short span as well as in the long term.
The important factor that plays a key role in avoiding a crisis is developing such contracts, which are called smart financing contracts. They are compatible with machines in real-time and software. Ultimately resulting in a user fairnness interface with full transparency and a clear cash flow.
Smart Financial Contracts
Algorithmic Contract Types Universal Standards (ACTUS) and blockchain results in Smart Financial Contracts. This form provides transparency and gives automation to its full extent and this gives an edge over other methods. Tokenized financial assets allow new exploring areas in terms of Liquid Flow of cash, and crowdfunding or fund generation for small businesses.
Smart Finance Contracts would remove the possibility of big Financial firms hiding the lack of liquidity from their clients or in general. Reusing such impactful policies could be a red flag on their end, not even big financial firms but also investors and every big company refusing such Contracts is bogus or fishy at the very least.
It would not only impact the Financial industry but many industries in a very positive aspect, the data which should be accessible to people would be, using this technology any field relating to data would also be , be it education, health care, IT, etc. It has a positive impact overall.
Conclusion
In Conclusion, Smart Financial contracts along with ACTUS has the potential for any of the Black swan that is yet to come, all its transparency policies and smooth transactions will help everyone be liable for their own money and this would give power to everyone, ultimately Decentralising in true sense. The ultimate form of transfer of finances is how one should think about Smart Financial Contracts. It is supposed to be an innovation to be crash resistant.
Then it will be considered as the bridging gap between future innovations and ultimately resulting in a more secure environment for the technology to grow and prosper.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only and do not establish financial, investment, or other advice. Investing in cryptocurrency comes with a risk of financial loss.
