Dfinity Foundation's chief believes Internet computer has the potential to revamp not just the crypto industry but also impact the IT industry as smart contracts have the potential to replace software and data centres.
, several blockchain ecosystems are entirely based on centralized servers from the likes of Amazon Web Services .
In a conversation with Cointelegraph journalist Zhiyuan Sun during the Ethereum Community Conference , Williams explained that with the use of smart contracts, Internet Computer would remove any human backdoors making the next generation of the protocol truly autonomous and decentralized. Williams noted that Internet Computer will be key to replacing centralized servers such as AWS. He said:
Williams went on to discuss the possibilities that Internet Computer can open for the blockchain world. He noted that small countries and projects wouldn’t have to build wallets and could simply integrate Internet Computer with the Bitcoin network to start transactions. He explained that its “smart contracts can create Bitcoin addresses, receive and send Bitcoin, while the complexities of UTXOs [unspent transaction outputs] is hidden.
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