To explain, the basis of Red Box is smart contracts or decentralized applications (Dapps). A Dapp or smart contract is a digital robot that operates in the blockchain.
I think Dapps are the future of the blockchain because you can program a Dapp to execute a specific task. For instance, the Dapp inside a “stablecoin” makes payment in fiat currency when you spend the stablecoin.
To elaborate, the pays in US dollars. Moreover, an insurance contract could automatically pay claims. Or an annuity smart contract could send an annuitant a payment each month.
The plan at Red Box is to create ecosystems around RBD. The RBD will provide the funds and smart contracts that operate the ecosystems.
The Red Box is a platform for the building of such ecosystems and smart contracts. The Red Box team believes smart contracts will be the basis of future ecosystems.
All provided materials and tools are for entertainment purposes only and should never be considered financial advice. Crypto News 19 will not take any responsibility for lost funds based on investments/trades made on information found here or any linking website/affiliate. This includes all social media posts and all other communications occurring under the name Crypto News 19. You should always seek professional advice before making any investment or trade.