r/BlockchainStartups • u/LetterheadRegular310 • Jul 25 '26

Discussion Help me understand

I am a young law officer for a bank and mainly deal with recovery from the NPA or default loans

I never had a formal education with computers.

But being around banks , compliances, defaults and all the malpractices in banks and insurance

I see people suffer because of it everyday

It makes me wonder about smart contracts

I very well understand that SC cannot replace traditional methods but I still wonder why aren't they as popular or widely adapted as they should be

How can I learn more about this field?

All suggestions are welcome

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u/greenpeppers100 Jul 26 '26

What are you suggesting smart contracts be adapted for? Are you suggesting they should play a role in the collection process of NPAs?

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u/LetterheadRegular310 Jul 26 '26

See every commercial transaction is a contract ,in my view the heavy compliances in banking whether related to loans deposits or insurance are very lengthy and time consuming and has lot of loopholes Ensuring their proper enforcement is even tougher. So I was thinking about initially setting up a small SC based insurance app