The Future and the Promise of Smart Contracts

Smart contracts are the tech topic du jour, considered by many to be one of the most promising applications of blockchain. Smart contracts are being considered for use in various industries, and the legal services industry is no exception. So what are smart contracts? And how can they be used in the legal sector? Although there are numerous possible applications of smart contracts, this article focuses on their applicability and challenges for being used as technology tools in helping execute and perform legal agreements (aka “smart legal contracts”).

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