Smart Contracts Beyond Currencies and Tokens
Smart Contracts need context to handle events and know when to execute payments.
Distributed ledger technology like blockchain, in all of it's implementations, have a glaring hole: The business logic that triggers actions within the smart contracts needs outside intervention to execute.
This makes it difficult for autonomous custom logic to be executed depending upon outside events.
Our Flow Execution Platform, called Mathison, is a blockchain based oracle.
The traditional von Neumann computing architecture doesn't allow for changes to distributed state to be managed over time. That's where distributed blockchain computation comes in. That's where Mathison shines.
Combining machine learning and artificial intelligence with traditonal algorithms and real time data sources is the future and the present for applications like:
- Securities smart contracts
- Insurance products
- Supply Chain
- Risk Analysis
- Analytics
- Real time executive dashboards
- Contractor execution
- Marketplace based service transactions
- Multi sided marketplaces
- Real time bidding like advertising algorithms
The promise of blockchain, beyond the hype of currencies and tokens, relies on offchain secure middleware software and integration of event based processing to fully enable the ecosystems that boost results by orders of magnitude.
Blockchain, AI and Complex Event Processing are combining to create amazing business models for new and existing companies. These models are not mere incrementalism. These models create opportunities for what Peter Thiel describes as Zero to One models.