Smart contracts are often mentioned in blockchain-themed patent applications and recited in claims. However, Examiners without a thorough understanding of this concept or unfamiliar with blockchain technology often equate smart contracts with legal or commercial contracts stored on blockchains. As a result, the Examiners may find claims directed to merely applying the blockchain technology to execute legal or commercial contracts, for example, as part of a commerce system, like hedging.
Bitcoin has been at the heart of this acceleration towards digital finance and money.
Because of its powerful benefits, and with Governments debasing their currencies by printing money to fund huge debt and spending, Bitcoin is now, too, being accepted as a store of value and an important investment vehicle.
We encourage investors to learn and understand how an allocation to Bitcoin may provide enhanced returns and lower risk for investors in a rising inflationary environment.
Across the planet, new technologies and business models are decentralizing power and placing it in the hands of communities and individuals.
“We are seeing technology-driven networks replacing bureacratically-driven hierarchies,” says VC and futurist Fred Wilson, speaking on what to expect in the next ten years. View the entire 25-minute video below (it’s worth it!) and then check out the 21 innovations below.
1. Open Garden (mesh)
2. Commotion Router (mesh)
3. Twister (P2P alternative social network)
4. The Edison (wearable chip)
5. BitCloud (autonomous Internet)
6. The Internet of Things
7. WunderBar (starter kit)
8. The Wireless Registry
9. Dot-Bit (autonomous Internet)
11. Ethereum (crytp ledger)
12. Smart Contracts
13. Smart Property
14. P2P Payments
15. P2P Lending
16. Crowdsourcing Civic Engagement
17. Civic Crowdfunding
18. Decentralized Urban Farming
19. Farm Hack
20. MOOCS and Online Learning Platforms
21. Coming Soon: Identify, Trust and Data