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The Problem With Smart Contracts

Thursday, 30th November 2018

"Smart contracts—computer-encoded sets of instructions that ‘self-perform’ when certain pre-determined criteria are met—are poised to revolutionise the legal landscape in years to come.

In our first article in this series, we explained the basics of blockchain technology and its application in smart contracts. Far more than a fleeting or niche innovation, smart contracts may have applications in sectors as far reaching as financial services, supply chains, car sales importation, real estate and insurance. However, although they pose exciting opportunities for a great range of businesses, there may be some significant legal challenges on the horizon."

Read in full:  


Web-link: http://www.lexology.com/library/detail.aspx?g=3c6f7934-0cd5-4281-9e2a-3d31a7ee27...
Source: BAL Lawyers
Language: English


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