If you are an ordinary person and, at least once in your life, have established any cooperation, then you certainly know with what mass of paper red tape and bureaucracy this is connected. Moreover, if you make a living through entrepreneurship, you are almost certainly tired of how many complexities surround normal processes, whether it is hiring a person to perform a particular job, buying equipment or consolidating a collaboration with other entrepreneurs.
And although we are accustomed to blaming specific people for this, nevertheless, one must understand that the problem here is not in people at all, but in the nature of the phenomenon itself: in order to guarantee the fulfillment of the terms of the transaction by all its parties, it is necessary to resort to the services of notaries and other institutions. Although, as practice shows, they too will not be able to give absolute assurance that everything will go smoothly.
A smart contract is more expensive than money
As a very short history of the work of smart contracts showed, they are much more effective than their paper and even digital predecessors. Most likely, the matter in one of the properties of the actions in them is irreversibility. For example, this method of fraud, such as carding, is still practiced, which would not be possible when working in a blocking environment. One of its variants is that an attacker, after a certain order on the Internet using a card, cancels his payment.
The store that issued the shipment will no longer be able to cancel its jig at the address, unlike the customer. As a result, theft is obtained from the store, which does not require any broken windows, no armed gang, no intimidation - only the use of the vulnerability of the familiar system. In return, you can use smart contracts, the essence of which is the automated control of all stages of the transaction. Thanks to the invention of the block and its first use - transactions bitcoin, this interaction is possible now, and CGCX offers to use them all.
For example, with the help of CGCX you will be able to issue the same contract of carriage, only not in the form of an oral contract, which is the most convenient, for cases when you have to work at a distance from your counterparty, and not as a paper contract that still can not guarantee implementation, and a reliable and transparent smart contract - just like in money transfers of crypto-currencies.
If earlier a process of this level was only available when interacting with the blockbuster platforms and their services, now, using the platform of smart contracts from CGCX, you can work with smart contracts, at least for delivery of food to your home, if only your counterpart was willing to work with new technologies.
Debts will be paid
The statement of the facts that smart contracts are cool, quite interesting. But we do not write an encyclopedia, so we can afford to entertain you with little yuzkeys, at least one.
Let's say one of your business partners is in a difficult financial situation. In order to get out of the debt hole, he needs a little - only a commercial loan from your company, for a slightly longer period. Looking at its reliability in the past, you agree to such terms.
But with CGCX you no longer need to hope and believe in the word. Instead, with the help of a platform, you can conclude a contract according to which certain property of his company, say, cars, will automatically transfer to your property if the debtor's obligations are not fulfilled. At the same time, if he fulfills the conditions, everything will remain in place.
In this case, both sides are in the black: you can satisfy your interests at the expense of your debtor's assets, and he, in turn, is not compelled to listen to the creditor's demands - he will automatically fulfill his obligations in any case.
As you can see, a smart contract, although it is already a habitual matter for the world of detachment, still can still surprise something. For example, availability, as in the case of CGCX. By giving people the opportunity to work with each other on a new level of trust, we will soon see a world that will be much better than what we see today. Although our example was devoted to business, but you will agree, it needs something even more effective than drawing up a new smart contract each time. But CGCX also has such an opportunity!
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