/biz/ - Business & Finance

>>8695461
i was actually thinking about this but i am pretty fucking sure my idea is some brainlet tier ambitious shit. from the pdfs and articles ive read regarding integration of smart contracts into businesses and such, theyve talked about auditors/regulators being included in the blockchain providing them access for transparency. i think the problem youve said regarding "shit being sent to an unknown eth address" can be easily solved by an inhouse solution so they don't need to use ETH, just utilize the technology. otherwise, if they want to take advantage of what a public blockchain like ETH offers, they can just use their own tokens as a substitute for USD, like tether but made by the parties or entities transacting, in which the regulators/auditors involved oversee the whole process. so you're basically trading IOU tokens that can be minted or printed easily much like tether but also easily auditable because it's in the public blockchain. the addresses of those involved can simply be labeled, any IOU tokens sent to an address not involved can be disregarded. after every transaction, when it is redeemed, the tokens can simply be burned afterwards. i know there's some flaw in my idea but i've been pondering this question and that's juts some quick shit i thought of, sorry for the brainlet tier mess

ari juels and immutability of smart contracts