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A Hacker Is Negotiating With Victims On The Blockchain After $1 4m Heist

For instance, a crop-insurance smart contract may use a trusted Internet feed of climate data. If the temperature goes above 85 degrees Fahrenheit in April, the smart contract will routinely set off a crop-insurance payout, again via the Internet. This total automation eliminates ambiguity and guarantees large savings in time and effort for all events concerned.