Hi room! Does Creditor have a backup plan to prevent data from getting stolen?
I don't think is is needed for blockchain network and smart contract
Such things already exist in working companies not on the blockchain. So I think combining this is not a problem here. The question is whether users need it. It seems to me the blockchain here does a completely different function.
I think security is one of the main advantages of blockchain, no one can attack the entire network. The need for data backup is essential, but just having a good smart contract, they will not need to be too concerned about this.
This is the question of how everything will be fine in terms of code.
For the time being for me, I see only some big problems that can emerge if someone from the hackers finds an error in contracts. I hope that they will check the code several times, otherwise it can be a very bad idea.