The Correct Path for Smart Contracts Deployment
The growth in the Crypto sector has not just been strong in the past two years, it has been explosive. The vast array of block chain use cases which have come to light is not only astounding, but affirms that the Blockchain is here to stay and stay it will.
Smart contracts are an integral part of the Blockchain ecosystem and as such, in order to facilitate the expected growth, a centralized smart contract deployment mechanism must be developed.
Why must we look towards a centralized deployment system?
There are a number of factors which must be considered.
1. A general lack of knowledge into the mechanisms of smart contracts and
Blockchain among the broader business community. Through a
centralized system, education and access to general information would be
vastly improved with teams of experts on hand to help businesses
implement their Blockchain and explore their potential use cases within
their specific sectors.
2. One Stop Shop access. With the one stop shop access, smaller companies
can take advantage of a lower costing matrix and as such implement smart
contracts within their own businesses without the need for hiring full
research and development teams.
3. Previous business models within the tech sector have proved this to be the
correct model to implement and accelerate growth. Yes, this is not an
entirely new model we are looking at. Consider the app store. Before the
app store came into existence, app development was fragmented and
purchasing of apps and app usage was in its infancy. However, since the
app store was launched, developer earnings have now topped 70 billion
USD’s.
4. A global reach can be attained. As each contract is created, developers and
their clients spread the awareness of the deployment system and as such
enhance growth on a global basis.
Google play and the Apple App Store have created self-sustained deployment
models for applications which are to launch via their platforms. They provide
developers, both corporate and private with the tools to reach a broader market and through this concept style, a smart contract deployment vehicle can be created.
There will be obvious benefits to developers deploying standardized, one model fits multiple use cases and minimal adaption for use case transgression.
So, why has this not been done yet? Well, it has not but we do have a major
contender for the title.
Modex, the Smart Contract Market place which is just about to launch its own
initial coin offering is looking to do just this and much more. In what is being seen as one of the most forward looking business cases within the industry, Modex outline their vision for the future. They bring to light a number of issues, some of which I have already outlined and unlike many ICO’s, this ICO has real world implications to industry and benefit to all participants.
Please take the time to check out Modex Smart Contract Marketplace at:
Website: https://www.modex.tech/
Twitter: https://twitter.com/modex_tech
Telegram: https://t.me/Modex_tech
Slack: https://modex-tech.slack.com/
Medium: https://blog.modex.tech/
Facebook: https://www.facebook.com/modex.tech.team
