Self-Executing Smart Contracts – The Future of Business
Blockchain Apparatus presents a rethinking of the entire role of the legal contract in our society, moving us from preoccupation with how to enforce contractual rights if something goes wrong, to real-time verification of information that underlies any agreement. Our philosophy is that blockchain-derivative technology can empower us to make better and more informed decisions, so that reliance on hope can be replaced by the security of real information.
Contracts are supposed to govern the behavior and performance of both sides to an agreement. An executable contract protocol which enables better information verification will allow each party the better ability to enforce terms, detect noncompliance, deter dishonesty and resolve emerging disputes.
Smart contract solutions won’t work without understanding how contracts and our legal system work. Complex agreements contain many terms, ongoing conditions, ongoing representations and other provisions that try to resolve disputes and clarify understandings before and without the expense of protracted litigation. Our aim is to stop people from working to afford contracts, and instead to have contracts that work.
Self Executing Wills
Blockchain Tech Corp. is currently developing a self executing will system where the blockchain will automatically check the the government’s “Death Master File” maintained by the U.S. Social Security Office and verify that a person did in fact pass. Then, pre-programmed rules setup by the person will automatically distribute their assets to beneficiaries, eliminating the need for executors and court battles because the integrity of a will is in question. The future is here and Blockchain Technologies Corp is in the forefront of the Blockchain revolution.