Think of a vending machine that dispenses templates of smart contracts with a row for business formation, a row for intellectual property, a row for funding, a row for trading etc. Choose your template, insert your token, and get going on filling in the contract or engaging an expert to help you. The SMRT project is to create this vending machine and the user interface to turn the templates into executable contracts. We are focused on the clearly defined ecosystem of startups and small businesses, providing automatically enforced contracts that enable them to trade and function.
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- 24th March 2018 - 2pm - 21st April 2018 - 2pm - 50%
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Our smart contract templates will cover basic contractual areas that startups and small businesses encounter such as shareholder and intellectual property agreements. More excitingly however, they will also cover finance and trading agreements in the way the Ethereum blockchain was originally designed for. Peer to Peer finance, in lending and equity, of the type Funding Circle and CrowdCube participate in, can be rolled into smart contracts.
Established trading marketplaces such as eBay or Gumtree could benefit enormously from our smart contracts, as buyers and sellers will have automatically enforced agreements to transfer money for goods. They also open the way for many more new decentralised marketplaces, where the smart contracts are the enforcements of trade. Small businesses would be able to buy bundles of our smart contract templates to facilitate their sell/buy trades.