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RE: Steem Co-Founder Dan Larimer On Why He Left Steem & His New Potential Ethereum Killer Cryptocurrency EOS

in #steem7 years ago

Im not sure if Im missing something but the only use case that Ive seen to date for smart contracts is the escrow of funds, i.e. "If this then that (release funds)". If this is true then the code based escrow of funds (smart contracts) is a feature that will be needed by all 3.0 crypto's right out the gate.

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Escrow is definitely a big one, has potential to save companies millions in logistics. But there are others, exchanges and ico's, and being Turing complete anything you can think of. I expect we will see a lot new uses in the next year.