Hello World,
This has been clipped from the iETH whitepaper. It looks like Apple corporation or cryptokit is just another way to say smart contract template?
iETH easy 10$ token, 500$ token overnight when Apple announces or comments ? Has Apple commented on any affiliation with iETH? I have not seen anything published.
obviously if Apple, was smart to remain a Satoshi (anonymous) as Libra or Facebook is finding out what happens when one IPOs instead of just giving the tokens away as iETH Apple logo did
Smart contracts are a great cost-saving tool for business, since they significantly cut accounting costs, raise trust between counterparties and eliminate human factor errors. According to a recent Accenture research, published at the beginning of 2017, investment banks alone could save up to $12 billion per year by adopting blockchain and smart contracts. But still, most small and medium businesses are unable to implement smart contracts due to their expensiveness and technological complexity. To address this issue, iEthereum will provide corporate smart contracts templates, which will cut the cost of their implementation from today's approximate of $5,000-7,000 (just have a look at blockchain developers’ salaries and take into consideration that coding and proper security testing of a smart contract requires many working hours of a qualified professional) to roughly $100-500 per contract by removing the need to actually program them and make its creation genuinely easy even for users with no technical skills.
