How to Buy a Pizza with bBiller
Over seven-years ago the first Bitcoin transaction, in which a Florida man paid for two pizzas with cryptocurrency. The day has become part of folklore, not because of the transaction, but more the price: the man in question paid 10,000 Bitcoins, which today is worth $20 million, for the two pizzas. (See also: New Bitcoin Price Record: Over $2,000 Per Coin)
Now with Ethereum smart contracts you would most likely be wondering how to get the best pizza possible at the possible lowest price?
The first thing to do, that’s if you really like Pizza, is to create a smart contract with the raw producers. Along the way, you can expect all sorts of activities in-between getting your pizza out of the ground and onto your table.
Selection of the right wheat crop from breeder to mill, mill to merchant, merchant to packager, packager to distribution centre, distribution centre to distribution centre and finally to the Pizza shop for mixing with all the other ingredients you have selected from around the world, using your smartphone and smart contracts, will deliver a hot and fresh Pizza directly to your door in under 12 months.
So pre-pay all the people who are involved in supplying you Pizza, with the full knowledge that if something goes wrong in the supply chain, your contracts with your chosen market participants are delivering on time and without failure as contracts for supply and demand are freely traded on a distributed exchange.