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Read – The future of the Web Looks a lot like Bitcoin

August 17, 2015

Read http://spectrum.ieee.org/computing/networks/the-future-of-the-web-looks-a-lot-like-bitcoin
“Imagine, for example, taking a picture of a dent in your rental car and loading it into a Bitcoin transaction. By looking at what block the transaction went into, you could later prove that the dent existed before you left the parking lot.”

‘What if, in your request, you could ask the miners to do more than this? What if you could say, for example, “Do not validate this transaction until I’m dead.” Or “When you do validate this transaction, adjust the amount that I’m sending based on the current price of Tesla Motors stock.

In the first example, we have the beginnings of a will that disburses money to your heirs autonomously, without the need for a lawyer. In the second example, we’ve started to build a decentralized stock market.’

There are organizations like ethereum.org, who are working on realizing this technology.

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