[SilverSurfer972]

That's the trust issue with current agreements we are solving. If an API is down the bound agreement is enforced instantly with our platform, no lies, no call, no pain. We are actually onboarding companies to try it out! https://stacktical.com

[ezekg]

Why does this need a blockchain?

[SilverSurfer972]

TLDR: Because Smart Contracts on the blockchain are the right tool for Secure Digital Agreements.

Paperweight contracts are irrelevant in a world of data

* A Smart Contract is cheaper to publish that the stack of paper handled by lawyers.

* Code is cheap to iterate from whereas traditional SLA are expensive/slow to renegociate. Over time, SLAs drive behaviors that are focused on delivering a minimum level of service at minimum cost to the provider.

* A Smart Contract is a code you can trust, understand and expect to behave instantly compared to the traditional SLM.

* A Smart Contract is immutable. More about the benefit of Smart Contract over paper/digital agreements: https://www.forbes.com/sites/cognitiveworld/2019/03/10/rise-...

Why not a python script? I don't trust the guy that handle that script. Blockchain is very good at bringing trust.

I hope I answered your question

[edit] formatting

[00N8]

so, are you saying we should replace social media platforms w/ decentralized sharing & aggregation driven by smart contracts? sounds intriguing but daunting

[edoceo]

Even with your platform there will be calls and pain, maybe even lies during an outage. BC-Recordkeeping or not

[SilverSurfer972]

unscheduled outages are always painful and people will always call, I agree. But instant compensation is doing a better job at damage control that a status page. Keeping customer satisfaction even in bad situation is key in a world of high availability expectations. And with a distributed, non partisan metric sourcing about the availability of an API, it's not possible for a Service Provider to lie anymore.

Feel free to give that whitepaper a look

[callalex]

I don’t understand something: what kind of company is so down to the wire with cash flow that an outage requires income within seconds/minutes instead of weeks? Anyone with a financial runway so short that it can be described as “instantaneous” doesn’t sound like a customer you would want to be in business with.

[dspillett]

> what kind of company

The kind that will make a lot of noise as publicly as possible and create ample work for your support/admin people if you don't keep them happy...

> doesn’t sound like a customer you would want to be in business with

I could say that about most of the companies I have had the dubious pleasure of doing business with! Very few are pleasant when something goes awry even for a moment.