Why Smart Contracts Need Shrewder People

Why Smart Contracts Need Shrewder People

How smart is your code? So-called "smart contracts" are science fiction realized. Executable pieces of code stored on a mutual distributed ledger for future execution bind people and payments to actions and outcomes. Computer scientist Nick Szabo has promoted the term since the early 1990s and describes bringing the "highly evolved" practices of contract law to the design of electronic commerce protocols between strangers on the Internet. Interest in the term “smart contract” has risen recently in line with interest in bitcoin and blockchain. Claims have been made that....


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