Smart contracts – smart or dumb?
- Written by Pat McConnell, Honorary Fellow, Macquarie University Applied Finance Centre, Macquarie University
It might be too soon to say that smart contracts will do away with lawyers all together.www.shutterstock.comConsider, for a moment, these two statements from the “Ultimate Guide to Understanding Blockchain Smart Contracts” on a well known Blockchain website:
1) Traditional Contracts
“Traditional physical contracts, such as those...