Part 4/7:
Imagine a world where peace is enhanced by the mutual trust fostered by an immutable record of contractual agreements. Smart contracts, which automatically execute conditions agreed upon by parties, promise to reduce disputes and the need for litigation. Imagine fewer lawyers and bankers in the middle of transactions, streamlining processes significantly.
The vision here extends beyond just financial transactions. Almost any form of agreement or ownership can be digitized and handled through blockchain technology. This perspective is not only about efficiency; it’s about creating systems built on trust and transparency.