Dallas Mavericks owner and Dogecoin proponent Mark Cuban says nonfungible tokens may have the ability to disrupt and even transform industries dealing with digital identity verification and electronic signatures.
In an episode of the Unchained podcast released yesterday, Cuban said “anything documentation driven” could potentially be transformed by nonfungible tokens, or NFTs. The billionaire said that smart contracts could destabilize companies like electronic signature technology firm DocuSign.
“Right now we see quite a bit of utilization of smart contracts for NFTs but those are really just proof of concepts for what can happen in the business world applications like insurance, legal documents,” said Cuban.
Though the Dallas Mavericks owner said the NFT industry as a whole may change certain industries, his involvement was personally limited to buying the things he “likes to look at.” He’s also a major investor behind the marketplace Mintable.
Cuban proposed using NFTs with real-world data at basketball games, saying Mavericks fans could hold tokens featuring “highlights from the first quarter” or events with the time minted on the blockchain. Others inTitle: Mark Cuban says NFTs could disrupt electronic signature firms
Sourced From: cointelegraph.com/news/mark-cuban-says-nfts-could-disrupt-electronic-signature-firms
Published Date: Wed, 07 Apr 2021 23:00:00 +0100