Smart contracts using blockchain protocols allow contracting where cost of verifying other party's trustworthiness is high
@e_frankl Yes, this is a key point: like cryptocurrency, trust-minimized (on block chain) smart Ks biggest win in cross-border txs.
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@NickSzabo4 yes I think bitcoin/blockchain value is easiest to demonstrate in trade finance -
@e_frankl Yes, finance most clearly defined for automated performance. Already happening on Wall Street as "straight through processing".
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