/biz/ - Business & Finance

>>8864391
Is this bait?
>>8864069
Horrible.
>>8863924
Solid. Not a fan of ark probably would trade for link but doesn't matter small holding.

I'm in deep. If this fails I'll lose 20k USD. My family would think I'm actually crazy for investing this much as they'd tell me I should be more cautious and just save money.

>>8845386
Tuck some XMR and ETH maybe few neo. LINKmarines have the best ports. We will all make it

Weather insurance for farmers. If it rains 10 inches the farmer gets paid automatically. Instead of going through 10 people and it taking months settling your claim. Because of the finality aspect, the system needs to be tamper proof. The blockchain/smart contract side is, but someone could hack the weather station providing the data that allows the smart contract to know its raining. Chainlink allows for the smart contract to take the information of 10 weather stations. So to commit fraud you’d have to manage to hack 10 weather stations. Or 100 or 1 million depending on how secure the contract requires

This same logic applies to a large amount of other use cases. A few examples:
- Flight insurance
- Bond payments
- Sports betting
- Pay as you drive cars
- Automatic speeding tickets
- Supply chain records
- Data for apps
- Escrow for houses
- Escrow for online purchases
- Shipping insurance
- Life insurance
- Automatically executing trust funds
- Automatic release of titles when you pay things off
____________________________________________
SMART CONTRACTS/INSURANCE

Imagine insurance companies paying out after natural disasters (like hurricanes). You have builders required to build up to a certain code, say 100 mph wind speed. If the wind speed goes over 100 mph the insurance company pays out. However if wind speed is below 100 mph, the builder (or their insurance company) pays out. Now you need a decentralized data solution. Both parties have a interest in knowing the wind speed and knowing that the weather data is accurate. You can build smart contracts that will execute payments based on this data (potentially millions of dollars).

https://news.ycombinator.com/item?id=15647626

>>8808660
It's real but definitely meme

>>8240846
nvm found her

this image is more ideal i m o