When I first started hearing about Crypto the idea of being able to create peer to peer financial solutions was one of the concepts that made it interesting.
I didn't come to crypto to have a fantastic blog as I've stated... I'm not a writer. I didn't come to play SteemMonsters, now Splinterlands. I came for what I still believe is the future of solving real-world issues using crypto. Although I think crypto blogging and games are awesome. I want more!
Here is a real-life situation I have that I wish I could solve with Crypto and Blockchain.
I am selling an RV and I want to hold the contract myself. I will accept the risk of default or damage for the opportunity of earned Interest.
So here is what I want to do...
I want to go to an app and enter the details of a private loan.
Loan Amount: $33,500
Interest Rate: 10%
Number of years: 3
Monthly Installment Payment to be calculated by the app
Amortization Schedule: To Be Displayed by App
I would love to be able to have the buyer submit payments via crypto.
The app would update balances and display the current status of the loan at any time for both parties.
A contract could be initiated by either party in the form of an "offer" but does not become valid until both parties sign it. (digitally)
Both parties are protected by recording the time and date of payments and outstanding balance in the blockchain. If either party owned a spreadsheet or non-blockchain version of the app it would not be trustless.
So, that is what I am thinking about today, what was interesting to me about crypto has nothing to do with games and blogs, it has to do with providing tools to Humans who are living their life while trading and doing business with other humans.
@whatsup