Hank Stoever: Smart contracts should be applied where trust is the bottleneck

According to Babbitt's live report, Xan Ditkoff, the partner of Blockstack Ecological Development, a decentralized computing network, said today that in the "BlockStack and Web3.0 era" Hangzhou station offline activities, for Blockstack, smart contracts will only be applied where trust is the bottleneck. For example, NFT (non-homogeneous tokens) and chain-on-collateral mortgages of assets cannot achieve a place without trust and decentralization without a smart contract. At the same time, he believes that the less the activities on the blockchain, the better, only used in the most need and the core to meet the practical application.