Today, Luxcore is pleased to welcome Erick C. as Senior Advisor, and to announce the creation of the Luxcore Smart Contract Division. Erick C. brings not only his vast experience and expertise to the project but also access to his team of highly qualified smart contract developers and designers.

Erick C. will lead the search effort to appoint a permanent head of the Smart Contract Division, and once that appointment is made will stay on in an advisory capacity. In the meantime, he will be responsible for all technical and business elements related to smart contract implementation, including identifying partnership opportunities among third parties for on-chain smart contract creation using the Luxcore platform. Smart contract end users span a variety of sectors including finance, insurance, government, supply chain, health care, and many others.

“Luxcore’s blockchain provides a unique opportunity due to its forward-compatibility and sustainability relative to other smart contract platforms,” said Erick C. “As an advisor, I will work with Lux personnel to leverage that positioning and make Luxcore a leader in the smart contract space.”

Erick C. has been an active participant in the blockchain space since late 2016. His principal focus is to help create real-world use cases for blockchain technology that help bridge the gap between the cryptocurrency community and the general public.

An entrepreneur and business owner, Erick C. has roots in the construction sector and brings concepts to the table that will create a functional use case for smart contracts in the world of construction management. Erick C. is also an artist, actively creating a link between his hobbies and the blockchain space.

Erick C. is the founder of two Ethereum-based projects: Interface Token (interfacetoken.com) and Art Blocks (artblocks.io), both of which he intends on implementing on the Lux platform as soon as smart contracts are fully operational. He has also served as a director of the Monetary Unit (MUE) cryptocurrency and participated in early ideation and development of Helium Blockchain’s construction sector focus. He also serves an advisory role for a handful of other smaller projects.

The seat once held by John McAfee on Luxcore’s Senior Advisory Committee has been left empty since McAfee’s appointment as Luxcore CEO. Erick C.’s appointment to the committee is a clear signal that Luxcore is prioritizing the development and implementation of its nascent smart contract platform.

Due to exponential growth, forecasting the SC market beyond 2023 becomes problematic

Since its inception, the global smart contract market has been growing alongside continually-increasing adoption of blockchain technology. According to a recent report published by the Market Research Future, the global market for smart contracts is expected to reach approximately $300 Million USD by the end of 2023 with 32% compound annual growth rate (CAGR) during the period from 2017 to 2023.

Smart contracts are a crucial element of Luxcore’s ultimate goal of creating and supporting enterprise-class blockchain products and services. With a strong and secure smart contract protocol, Luxcore aims to become a platform upon which multiple end users can build their products and dApps, while forging robust agreements supported by blockchain consensus.