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Smart Contracts (1994)

2 pointsby TriinTalmost 16 years ago

1 comment

grellasalmost 16 years ago
A true "smart" contract effectively "tells a story" and is customized for the deal at hand. A mechanized contract can save costs but will never be anything other than a set of boilerplate clauses that have been pre-determined to fit given recurring situations. There is a major difference between the two.