The document discusses smart contracts, emphasizing their role in facilitating trust and value exchange without centralized control. It highlights benefits such as autonomy, security, and cost savings while explaining the distinction between smart contracts and traditional legal contracts. The use of blockchain technology is identified as crucial for achieving the advantages of smart contracts, with examples including a medical network and a dispute resolution system.

1. Apr 06th, 2019
Presented by Samir Kumar Sah
Smart Contract and its use cases

2. Trust
Value Exchange

3. We Need a System
Where people should be
Able to do value exchange
Seamlessly with no Trusted
Centralized Body controlling
it.

4. Social
dapps
Blockchain
Storage &
Content
Smart
Contracts
Asset Tracking
S/m
Reputation Identity Comm
Building Blocks of Decentralized Economy

5. Smart Contract Myth
Smart or Intelligent
Like Human or AI
A smart contract can only be as smart as
the people coding taking into account all
available information at the time of
coding.
Must be a Legal
Contract
While smart contracts have the potential
to become legal contracts if certain
conditions are met, they should not be
confused with legal contracts accepted
by courts and or law enforcement.
However, we will probably see a fusion
of legal contracts and smart contracts
emerge over the next few years as the
technology becomes more mature and
widespread and legal standards are
adopted.

6. Smart Contract is just a software CODE,
containing a set of RULES
under which parties to that contract agree to
INTERACT or EXCHANGE VALUE
with each other.

7. 7Samir Kumar Sah
IMMUTABLE
DISTRIBUTED
LEDGER

8. 8Samir Kumar Sah
Smart Contract Features
Self Verify
Self Execute
Immutable & Self Enforce

9. Source: Blockgeek

10. 10Samir Kumar Sah
Car Selling using Traditional Method
Buyer agrees to
pay for CAR.
Once Seller
once receives
money in his
account he
transfer
ownership of
car documents
with car & its
key.
Wants
to Sell
his Car
Wants
to buy
Car
A trusted third party is required for
verification. May be verification from
Vehicle Registration Authority,
Insurance Authority etc. This complex
and time taking process where
middleman will even charge fee.
Paper Contract

11. 11Samir Kumar Sah
Car Selling
using Smart
Contract

12. 12Samir Kumar Sah
Smart Contract Benefits
Autonomy
01
Security02
Speed & Ease of Use03
Cost Savings04
Immutability
05
Accuracy 06
Reliability 07
Trust 08
Benefits

13. Can’t Smart Contract exist
without Blockchain?
The only benefit you get from operating a smart contract
platform on blockchain tech is the removal of the need
for a trusted central coordinator. This comes at a cost
however in terms of total processing cost in the network.
BUT
It is easy to build immutability into a regular database, and
equally easy to agree a process for defining smart contracts.YES

14. 14Samir Kumar Sah
ROBOMED NETWORK
A Moscow based startup Robomed is creating an innovative medical network oriented on
patients, medical providers, and their common convenience.
Using Robomed EHR (Electronic health record), it allows connecting and managing a medical
organization cooperation based on Ethereum blockchain smart contracts.
The smart contract transparently monitors all processes of interaction with the patient, the
metrics of effectiveness and impression of the patient from interaction with the provider of
medical services.

15. 15Samir Kumar Sah

16. Justice System
30M+
Cases Pending in India as of
Apr 05, 2019
21+ M
Criminal Cases
8+M
Civil Cases

17. KLEROS
Kleros connects users who need to solve disputes with jurors who have
the skills to fairly settle them.
Its resolution layer uses blockchain technology and crowdsourced jurors
to adjudicate disputes in a fast, secure, and affordable manner.

18. How KLEROS works
1. Contract
Users create a
smart contract
and choose
Kleros as its
adjudication
protocol.
2. Dispute
The relevant
information is
securely sent to
Kleros.
3. Selection
A tribunal is
drawn from the
crowd. Jurors
evaluate
evidence and
cast their vote.
4. Enforcement
The decision is
enforced by the
smart contract.

20. ENKIDU
A brand new company structure built entirely using smart contracts, on
the Blockchain.
The Enkidu platform is similar to a Limited Liability Company and handles
most edge cases - including ESOP structure, dividend policy, share classes
and more. Best of all, everything on Enkidu is 100% programmatic!

21. 21Samir Kumar Sah

22. Vision for Smart Contract Types
Source: PricewaterhouseCoopers

23. Thanks You
Contact Me:
samir.ks@pritbor.com
www.pritbor.com