Automate — Speed up your work with automated transactions
Manual processes can easily disrupt or slow down your operations. Lack of transparency and margins of human error can make your workflow vulnerable to a variety of bottlenecks and inefficiencies that can affect your bottom line. The human drive to eliminate manual labor is one of the main reasons for the rapidly accelerating progress of automation technology. By automating your workflows, you can reduce repetitive tasks, increase efficiency and empower yourself to focus on high-value items.
While blockchain is viewed as a more inherently secure form of technology, there’s still a key role to play for automation. Blockchain workflow automation can improve almost every aspect of business activities from product sourcing to financial operations, providing more transparency. It is vital in any industry or category where digital transactions and document-based processes are important. Based on the Ethereum blockchain, one particularly promising application for smart contracts is the automation of transactions. Since smart contracts guarantee the automatic and transparent execution of predefined conditions, they can enable any payment procedure to be automated.
As you probably know, we at ChronoLogic continuously work on developing and improving Automate, the tool which is designed to facilitate conditional scheduling on the blockchain. And we’re always on the lookout for new use cases that we can share with you to improve your processes in different areas of the blockchain ecosystem.
There have been a few months of boom in the DeFi sector. Now, it seems NFT is taking over and becoming the focus of the crypto community’s discussions.
If you are one of those who are trying not to miss out on the opportunity to be among the first to purchase the most wanted NFT, then you most likely know this feeling when the auction countdown is running out of time. What if there are several NFTs that you want to buy and the auction comes to an end tomorrow when you’re on the flight? How can you be sure that your bid will be placed at the very last moment so as not to leave others a chance to buy, or at least to minimize it?
You might have already guessed that this can be done quite easily by setting up a list of future transactions in Automate. Indeed, with the next release of our dapp, you will be able to add a custom network in Metamask so that your transactions are captured by Automate before being executed. For each of these transactions, you will be able to specify a certain condition to tell Automate at which point in time each one of your bids should be placed. Done! Check in for your flight tomorrow and consider those NFTs yours.
It’s as easy as that, done automatically in a completely decentralized way. This also applies when you deal with any time-sensitive transaction that you plan ahead of time.
With ChronoLogic, you can schedule and automate your transactions with both our tools: Automate and the Ethereum Alarm Clock. We would also like to invite anyone interested to run their own TimeNode and become a part of our ever-growing Decentralized Scheduling Network.
