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Expert Analysis

The Promise And Limitations Of Smart Contracts

By Moshe Malina (October 25, 2018, 4:46 PM EDT) -- Blockchain, the technology supporting the cryptocurrency boom, is predicted to radically transform a range of social and economic structures by removing the need for trusted middlemen. The growth of blockchain has enabled the potential for "smart contracts," self-executing contracts written as computer code and embedded into blockchain platforms. Leveraging blockchains to provide friction-free transactions, smart contracts promise to enable parties to enter into binding contractual commitments that are decoupled from the legal system. While smart contracts have a long way to go to meet the building hype, the potential for disruption is real....

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