Intelligent Contracts—Is This the Way Forward for Enterprises?

Blockchains can be used for more than just bitcoin, but limitations on smart contracts mean they may not deliver all that is promised.

, Corporate Counsel

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Blockchains can be used for more than just bitcoin, but limitations on smart contracts mean they may not deliver all that is promised.

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  • Felix Lopez, MBA, BA Science, Six Sigma Green Belt

    The block-chart date stamping and time stamping of contracts reminds me of similar evolution in the WLAN, Network ecosystem. At that time I worked for a large RF company focused on building WLANs for public utilities (connected to what we now call the Smart Grid).- My team and I built WLAN networks for rural Public Utilities. The Public Utilities owned fiber networks and desired to extend their fiber to in rural areas - provide broadband service and build revenues.. They achieved the financial business case based on future revenues from subscribers. However, they needed a way to track the actual contracts with subscribers, including packet traffic of the uploading and downloading of data. We achieved this with software such as Packeteer and other similar network management systems located in Network Operating Centers. The focus on Application Traffic Management and optimization via a “PolicyCenter” that “centrally manages the configuration, policy management, software distribution and adaptive response tracking of multi-unit deployments. We were able to track each person (subscriber) at the data packet level going into the Cisco switch. We stored and kept track with digital identifiers. I can see how the "block-chart" offers similar digital stamping. This is especially true as I have been in the energy and telcom business for over 25 years and we have plethora of analog paper contracts in process of being converted to digital. We also need to consider ISO standards and whether or not the "block-chart" methodology is transparent for ISO type standards which many companies follow on a global scale.

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