Why Lawyers Won’t Be Replaced By Smart Contracts

"“smart contracts” are computer protocols (“protocol” in this context basically meaning a set of computer rules) on a blockchain (almost exclusively on Ethereum, though a new blockchain named Neo is gaining popularity) that facilitate the negotiation and/or performance of a contract. Since they are blockchain-based, they are decentralized, and for now we’ll leave out the key question of whether any contract really needs to be decentralized. Today, we’re just talking about whether smart contracts will make your career go up in smoke."