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“The financial system is the backbone of our economy — through loans, investments, and the controlling of global cash flows, it is the most important vehicle when it comes to sustainably transforming our economy,” Plan A cofounder and CEO Lubomila Jordanova said. Liu said in a statement at the time.
Some people seem to think of it as a kind of realestate , complete with land grabs and the attempt to bring traffic to whatever bit of virtual property they’ve created. But it’s super hard to do from a technical standpoint and you give up a bunch of other things. So it is with the metaverse.
Smart contracts are especially useful in realestate, business transactions, and bank loans. Here’s one interesting example: ChromaWay , in partnership with Swedish telecom giant Telia , is using blockchain to digitize contracts for property mortgages.
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