I wonder how soon the developing nations will start using Ethereum smart contracts to pay for all the development happening through contractors especially from China and other nations.
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I wonder how soon the developing nations will start using Ethereum smart contracts to pay for all the development happening through contractors especially from China and other nations.
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Thank you @barbro. Much appreciated.
This is just a hunch. but they may start using a Ethereum setup to get funding from Investors through JP Morgan and large hedge funds, to start building the infrastructure in their countries. Using the block chain to move provide large sums of money through smart contracts. This will provide security that is superior then traditional contracts at a cheaper cost. I can see that wire transfer fees will be one way of savings.
There's a number of players in this particular space such as Ripple and Stellar. The JP Morgan fork is a hint that they will probably try to compete in the same way I'm guessing.