Avax.network — 5 Surprising Ways to Use Smart Contracts

Avax.network — 5 Surprising Ways to Use Smart Contracts

Smart contracts are transforming industries far beyond finance. By embedding logic into code, smart contracts are enabling automation, transparency, and trust in areas where centralized systems have traditionally dominated. The piece sets the stage for a broader understanding of blockchain’s potential to reshape real-world interactions.

Key Ideas

  1. Smart contracts are being used in unexpected ways: from parametric insurance that pays out automatically based on weather data, to tokenizing real-world assets like real estate, to powering dynamic NFTs in gaming and automating freelance escrow services.

  2. These applications highlight smart contracts as programmable trust machines capable of enforcing rules, automating access, and verifying identity without intermediaries.

  3. Developers may start building a decentralized insurance dApp using weather oracles – tools like Chainlink can feed real-time data to trigger automatic payouts for farmers facing drought or floods.

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