Millions Upon Millions of People Will Soon Utilize Crypto Assets Without Even Knowing It
In a recent interview with Charlie Moore, the CEO of Rocket Lawyer — a firm that provides its clients with a host of online legal services such as contract creation, attorney assistance etc — he claimed that as blockchain technology continues to evolve and grow with each passing day, its use cases will seep into domains that were previously left undiscovered.
While giving an address at MIT Technology Review's Business of Blockchain, Moore stated that his firm had been struggling to handle complex payment schemes (especially those associated with legal agreements) as a result of which he was considering making use of smart contracts that run on the Ethereum blockchain.
Elaborating further on the matter, he added that his firm’s latest tech offering ‘Rocket Wallet’ makes use of a “stablecoin” that is designed to help in facilitation of monetary exchanges in a streamlined manner— as and when a particular contract has been satisfied.
Taking about the efficacy of Rocket Wallet, Moore made use of an example where he demonstrated that by making use of this storage solution, users can draw up legal contracts that allow them to draw up niche’ clauses which can then be governed through the use of smart contracts.
Additionally, Moore also mentioned that his company was already testing Rocket Wallet’s beta protocol with about 100 users. The final iteration of the software is expected to be released by the end of this month.
If the platform works as expected, it will become one of the first software solutions to integrate bitcoin and major cryptoassets into a mainstream, consumer-facing application. Additionally, since Rocket Wallet makes use of a stablecoin, many of the volatility issues that are faced by altcoin enthusiasts at large can be mitigated to a large degree.
In closing out this piece, it should be pointed out that in the past Moore’s company has helped more than 22 million customers design a host of different legal agreements with the touch of a button. It now remains to be seen whether the firm is able to pull of the same feat with its latest crypto-based offering.
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