There are many different projects in blockchain technology and the Ethereum ecosystem. BlockCAT is one of the more intriguing projects for people who wish to explore the concept of smart contracts. Right now, creating or managing a smart contract requires some advanced knowledge of the Solidity language. BlockCAT makes that a lot easier by removing the need for programming altogether.
Smart Contract Deployment Without Coding
It always sounds intriguing when someone says you can wield innovative technology without having any previous knowledge. Hardly any consumer knows how to build applications for a smartphone, but thanks to convenient user interfaces, we can do the most amazing things with apps these days. The same concept might soon apply to smart contracts, a new type of technology gaining in popularity mostly thanks to the Ethereum ecosystem. However, the technology is not unique to Ethereum, and it will soon be available to Bitcoin users as well.
BlockCAT wants to play a big role in the world of smart contracts moving forward. This particular project aims to make the technology more accessible to everyday users, regardless of their previous coding knowledge. Users would not require any programming skills whatsoever to deploy smart contracts using this new platform. This may be a game changer since it will allow users to deploy pre-built smart contracts in mere seconds. Additionally, they could build their own contracts in mere minutes, making the whole process a lot smoother.
Bringing such a powerful platform to the world will not be an easy feat. Smart contracts are still an immature form of technology, even though they have the power to change every aspect of the world as we know it today. It is certainly more cost-effective to use a service that does not require people to hire programmers for whatever they are looking to build. Additionally, the BlockCAT team will thoroughly test all contracts and have them audited by security experts. It is good to see the team acknowledge this technology is not risk-free by any stretch of the imagination.
Looking at the bigger picture, it only makes sense to provide the service offered by BlockCAT at this time. After all, there is no industry which would not benefit from smart contracts, even though that does not necessarily mean all businesses will embrace them in the coming years. Smart contracts are cheap, effortless, manageable on both computers and mobile devices, and has many other traits people will appreciate. Anything related to administration, automatic payments, recurring payments, and other types of system applications can all be built using smart contracts. More automation is never a bad thing in the business sector.
Even people looking to simply buy and sell goods or services online should look into smart contracts. It can act as an escrow without having a human entity presiding over funds. This technology has many different use cases, and BlockCAT facilitates the deployment of this technology in mere minutes. For now, the platform is still in the alpha stage and a lot of updates will take place in the years to come. The technology is well within reach, which is the first big step toward creating a safer future. It will be interesting to see whether this particular company is successful.
Services such as BlockCAT show the technology we have in our hands and how it can potentially be used. Making the deployment and creation of smart contracts more convenient can only be a good thing for this technology in the long run. Its alpha platform is focusing on some interesting smart contracts already, including security deposits and locking up Ether balances through a certain date. Other solutions such as distributed payments and joint payments will be added soon. It is definitely a platform worth keeping an eye on.