Smart Contracts That Go Bad: Sagewise Offers A Solution

PMBC Group client, Sagewise, was featured in BlockTribune.

In the tech world, smart contracts are considered to be both fair and infallible, but there are a lot of issues with self-executing contracts that no one talks about. For example, millions of dollars are reportedly lost each year in smart contracts disputes.

“We believe justice should be decentralized, so our objective is to provide smart contract users a toolkit to settle errors and disputes, lest they end up with unintended outcomes. Smart contract losses exceeded half a billion U.S. dollars in value in 2017, so we feel it is integral to address the void in the industry,” said Amy Wan, co-founder and CEO of Sagewise. “In order to reach our objectives, we knew scaling was of utmost importance, which is why we decided to work with Hedera Hashgraph. Its technology does not have the technical limitations of the existing blockchain, and provides distributed consensus.”

To read the full article, click HERE.