There is a lot of talk about how Smart Contracts implemented using blockchain-based technologies will revolutionize commercial markets, eliminate the need for governments, and guarantee personal liberty.
But how would regular people interact with these new Smart Contracts? Are they totally automated and executed only within the blockchain? Or will they involve human? If so, how?
This presentation looks at how a digital art / media sales and licensing market could be rebuilt using these 3-in-1 Smart Contracts that are: 1) designed for humans, 2) crafted by lawyers, and, of course, 3) processed by machines.
Through the lens of Monegraph 2.0, a decentralized digital art market, we will show how we can chain together a sequence of Smart Contracts to register, sell, pay for, track ownership, and distribute digital art. We believe new definition of "Smart Contract" can be the foundation of other decentralized markets that wants to navigate the gap between trustless machines and (un)trusting humans.
This talk was originally given by Chris Tse (@christse) at the Ethereum D.C. Meetup on October 30, 2014.
About the Speaker:
Before that, he led the development of social media and dynamic publishing applications at BusinessWeek Digital. Before joining the New York media industry, he co-founded three other technology startups: a database consulting shop, a messaging software company, and a network security research firm.
Chris holds a B.S. in Computer Science from Columbia University and is still very much addicted to New York City. You can follow him on Twitter at http://twitter.com/christse
Related Decks from Previous Talks:
Monegraph: Building a Blockchain-based Digital Art Market
Stacking the Card Deck [Manifesto]
Resources & Links:
MoneGraph Home Page (Current Version)