How can I make money by making smart contracts? How do I monetize this skill?
There are some blockchain projects specializing in smart contracts. Maybe you should study about them.
I know the appications but I want direct specificity on how to make money
Smart contracts allow the exchange of money, property, shares or other assets without the use of intermediaries.
In order to make a normal deal, you need to go to a lawyer or notary, pay and wait for documents. Smart contracts work like vending machines: you just throw a bitcoin into a vending machine (a register) and a third party’s stored contract, driver’s license or any other service you ordered falls into your account.
In addition, unlike traditional agreements, smart contracts not only contain information about the parties’ obligations and fines for breach of those obligations, but also automatically enforce all the terms of the contract.
By using smart contracts, you can simplify your work in many areas of life, including logistics, management, law and even elections.
Other industries such as acquiring, lending and accounting will also use smart contracts - for example, for risk assessment and real-time auditing. Lawyers will be able to move from drafting traditional contracts to creating model models of smart contracts. And on Blockchain Technologies’ website, smart contracts have become an electronic paper hybrid: they are validated by a blockbuster and materialized as a paper copy.
no one asked what they are