We go through some real use cases for smart contracts

Hi everyone!

I ask @andrarchy Andrew Levine the CEO of Koinos Group to go through the gFam platform and see what type of functionality might be implemented using smart contracts. While we started with this particular platform, the conversation contains lots of ideas about shaping incentive systems for users.

The primary focus of a blockchain is to distribute tokens, and really, the best use cases for blockchain are platforms, applications and systems where the users are unaware it’s all powered by a blockchain. The tokens can either be fungible (many identical tokens) or non-fungible (singular unique tokens) and smart contracts are really just a way to program in more complex methods of distribution.

Here is the conversation on Cinnamon.video:

Or, here is the same video in a YouTube embed:

This conversation has obviously given me a lot to think about. I already had a lot of ideas on what I wanted to focus on next, and clearly incentive programs that encourage the exact behaviour a platform needs to be successful is quickly rising to the top of the Must Do list.

If you have any thoughts or questions on this little chat on real use cases for smart contracts, please let me know. It’s a super confusing space but I think we can all create something really amazing…

Previous blockchain content

If you’re interested in previous chats with Andrew about Koinos, check out these posts:

Clarion OS & KOINOS announcements!
Koinos Plans for 2021 – come join the community!
Transaction Speeds – Centralization vs Decentralization
Institutional store of value in digital assets?
Tokenomics of Blockchains
Enterprises and Public Blockchains
Feeless Blockchain Transactions – How does it work?
Token distribution – Mining KOIN and Proof of Work
Integrating with Koinos
Smart Contracts – what are they?
A conversation with Andrew from the KOINOS Group

Here are all the good bits:

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Finally, if you have any questions please feel free to either comment on this post or reply to this tweet:

I chat to @andrarchy of the @TheKoinosGroup about some real use cases for smart contracts using @globalfamilyapp as an example.

The conversation quickly centers around what blockchains are good at. Super interesting and I'll totally need to watch again.https://t.co/8vfIvHQrWD

— CryptoAdam (@CryptoAdam4) March 24, 2021

Thanks so much for watching!