Op-Ed: Defrauded Municipalities Demonstrate Use Case For Smart Contracts

Op-Ed: Defrauded Municipalities Demonstrate Use Case For Smart Contracts


In June, Galveston County (Texas) discovered that it had paid over $525,000 to someone it didn’t owe money to, a scam artist posing as a representative of a firm doing work for the county. The author contends this would be nearly impossible in a system of smart contracts described herein. The scammer used social engineering

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Posted by P. H. Madore on December 19, 2018 @ https://www.ccn.com/op-ed-defrauded-municipalities-demonstrate-use-case-for-smart-contracts/

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