Smart Contracts: From Ethereum to Potential Banking Use Cases Whitepaper

  • Banking
  • 07.04.2017 07:30 am

With contributions from Zerado, FinTech Network have produced a whitepaper that looks at smart contracts and how they could improve efficiencies within the banking sector. The whitepaper highlights:

- How smart contracts aim to provide security that is superior to traditional contract law and ways they can reduce other transactional and administrative costs 
- The workings of Ethereum as one of the best examples of smart contracts in practice 
- Ways that smart contracts could benefit areas such as mortgages, clearing and settlement, KYC & bonds 
- How challenges with conceptual misalignment, inflexibility, contractual secrecy and legal jurisdiction could hinder the use of smart contracts in financial services 

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