PAYMENT SOLUTIONS
Are dApps ? SMART CONTRACTS AND BLOCKCHAIN TECHNOLOGY IN ACTION
this mean ? In layman ’ s terms , transparency – of contracts and rules that live on the blockchain .”
He continues , “ For mainstream providers , they simultaneously give an opportunity and a threat . If they can adapt their business models , they can also participate in using these platforms themselves .”
However , he points out if providers base their models on charging significant fees for ‘ middleman ’ actions such as processing and fulfilling contract transactions , they will be undercut by cheaper , more transparent and potentially faster blockchain alternatives .