Unlocking physical objects with digital smart contracts
We’re constantly looking for innovative ways to improve the Springwise experience, and so we’re now introducing BeeLine Reader, a new technology that helps you read more quickly and efficiently. To learn more about BeeLine Reader, an award-winning startup funded by Intel Capital, see BeeLineReader.com.
Smart contracts are blockchain-based areas of code that activate independently when particular criteria have been met, including financial conditions — payments can therefore be made and recorded autonomously without the need for bank-like third parties. We’ve covered how smart contracts can be used to buy and sell solar energy, and now Slock.it are aiming to bring blockchain into the physical world and are using the technology to literally open doors.
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