Is anyone familiar with the way contracts will be designed in the marketplace? I’m not a programmer or dev so if (especially to devs/programmers) my question sounds ignorant it probably is. Anyways, as I understand it, there can be smart contracts that can use just about any iot device, I just have a few questions:
Iot devices can endanger privacy if they are privately owned and don’t obscure their physical location, which is really the only benefit of using iot for verification of receipt of services or products. Private keys/addresses would have to be exchanged in order for iot device to be verified via blockchain, and including any of that information as is on the blockchain would also endanger privacy. Will there be a private/encrypted layer of information to be included in transactions on the blockchain? Or are smart contracts not going to use iot devices?
Providing services like counseling, the production of art, music, etc, can all reveal identity just by the nature of the product itself. Is there any mechanism proposed to assist with this? Or is it just something that is expected to be at the discretion of the seller?